Maguire Properties: The Perfect Cash For Clunker Stock

I must start with an apology. Due to some serious technical problems, you haven’t received in several days. I want to assure you that those problems have been resolved, and we can continue our daily conversation about the financial markets uninterrupted.

The Fed is trying to reassure investors that rates will stay low for a long time, and that risk in the markets will be underwritten by stimulus spending and guarantees. But, at the same time, as the economy improves, investors know that interest rates must rise and stimulus spending must end.

That, to me, is the biggest threat to the Cash for Clunker Stock Rally. So when we see economic data like this morning’s surprise drop in new unemployment claims, it’s a stark reminder that interest rates (and the U.S. dollar) will rise at some point in the future.

*****I’m not surprised that we’re seeing a little red for stocks. Prices shouldn’t go straight up. In fact, I’d be more concerned if we saw nothing but green. I still believe we see Dow 10,500 this year, so the current weakness will present a buying opportunity sometime soon. 

Third quarter earnings season is right around the corner. Alcoa (NYSE:AA) kicks things off on October 7. I suspect investors are adjusting prices for earnings now, which will set the stage for something of a relief rally when earnings begin. We’ll see… 

*****I’d like to thank Daily Profit readers again for your support for my book The Small-Cap Investor: Secrets to Winning Big with Small-Cap Stocks. It’s doing great so far, and you’ve been a big part of that success.

Don’t forget – when you purchase your copy, you’ll also get a coupon good for $50 off an annual subscription to SmallCapInvestor PRO or any of my other advisory services.

With this $50 coupon, it’s like getting 3 months of the top-performing SmallCapInvestor PRO for free. Helping you make money is the best “thank you” I can think of. 

You can get your copy of my book at Amazon.com by clicking here now . And you can get your $50 coupon HERE.

Until tomorrow,

Ian Wyatt

Editor

Daily Profit



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