The Fred Report - Monthly August 2010

View a Printer Friendly version of this page, allowing you to print the page.
While we thought the last decline would occur after a summer rally, we did feel it would be the worst correction since the 2009 lows. Sentiment remains very negative as the market advances, a contrarian plus. Overall, the message of the market seems to be that this has been a normal correction, and not a new bear market. Should the market continue to advance, new highs for the year could be seen before the next significant correction. Failure in here could imply a test of the recent lows, or new lows for the year. We remain positive, while observing risk management parameters.

Sorry this page is available to subscribers only.
If you're not a subscriber why not
join today?

If you are already a subscriber, please login.

If you believe you should be able to view this area, then please contact us and we will try to rectify this issue as soon as possible.

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.




Who is Fred Meissner, CMT?
Listen here:

The FRED Report is not authorized, endorsed, or affiliated with the Federal Reserve of St Louis and its FRED Economic Data.