Diamonds and Dogs
Third Quarter Results Prove to be Stellar
Third Quarter Results Prove to be StellarThe third quarter of 2010 was outstanding for stock investors as the Dow was able to gain 10.4% as investors picked up bargains after a second quarter that fell by almost the same amount. In fact for the last two quarters, the Dow closed down just 70 points from where it started and is up by about 3% for the year. With this being said, where do we go from here? Large companies are taking advantage of the lowest interest rates in a generation and are borrowing money at a high rate of speed. With cash and the new borrowings, companies are in a great position to pay increased dividends, buy back stock, or look for reasonable acquisitions. With the uncertainty of the elections around the corner, we believe that stocks could have a good showing in October, as historically, with the exception of a couple of crashes, October is positive 2/3 of the time. Be long or possibly be wrong.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.