Friday, January 15, 2010
End of Week Review
Well Intel & JPMorgan reported and the market sold off. Everything was down this week and it appears that the markets were looking for a reason to take profits. Afterall since last March, those that had bought are now taking profits on a tax basis versus doing so back in December '09.
This video clip from Larry Kudlow tonight, which is about 15 minute in length, I found reflects how I feel about this market and the outlook in 2010. Itz Pix is weighted towards commodities and I believe is the sector that will perform.