| By PR Newswire | Article Rating: |
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| July 6, 2009 01:17 PM EDT | Reads: |
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Bank of America (BAC), GE (GE) and Citigroup (C) were all down Thursday on heavy volume.
Investors are taking their gains following the release of worse than
expected economic news on job losses last Thursday. On Thursday, according to
the US Department of Labor, the number of jobs lost in the
The jobless rate (9.5%) is the highest it's been since 1983.
The jobless rate is at the highest level it has been at since
In the early 80's, Reagan managed to resuscitate the American economy and usher in two and a half decades of almost uninterrupted economic growth. The issue is whether or not those gains have been completely wiped out. The bigger issue is whether those losses are temporary or permanent.
Confidence in America itself is critical to investors having confidence in its equity markets.
Taking gains generally is a sign that many investors do not believe that the recent rally is a significant and sustainable upward trend.
Investors are also concerned with the mixed messages that they have been
receiving. On
Futures are down again this morning indicating that enthusiasm for a quick recovery has been replaced by pessimism that the recession likely won't end any time soon. There were positive signs of hope that the downturn was nearing an end, but other data, including the jobless rate, indicate that it may only be the end of the beginning.
Big companies are being hammered.
Big companies are generally more susceptible to how the market swings in general. Small Cap and Micro Cap business (aka: penny stocks) are not as sensitive to this economic data, for them, business performance is the most important stat to track and generally the only thing that matters.
When you think about America what gives you confidence?
Massive firms creating bewilderingly, complex financial derivatives? Or Ingenuity, Innovation and Entrepreneurship! - The typical small business owner who creates the next big business idea. How do we get back to the land of milk and honey?
It's not the big banks and financial powerhouses, or big companies in general, that are going to get us out of the recession.
It's going to be small companies who in some cases are moments away from realizing the next big success story. The future is downstream not upstream.
Let's get America back to first principles. Support the little guys and the latest Great American Dream.
Small Cap vs. Big Cap.
If you are a Big Cap Market investor, we implore to join our newsletter and help support the next great American success story. Find out what our subscribers already know, simply subscribe at http://www.MicroCapster.com/
Our Micro and Small Cap Business Reports include trustworthy and
comprehensive research, in depth due diligence and technical analysis in
order for our subscribers to track solid penny stocks, market wide.
MicroCapster provides all investors, large or small with trustworthy research
on potential huge movers in the micro cap sector. Ask yourself what is easier
to find, a stock that moves from
It certainly couldn't be better timing to look at your investment portfolio and ask yourself, "Will small cap companies lead the charge to economic recovery?" With over 70% of the GNP coming from small to medium size businesses, we think so. We invite you to sign up and receive our free reports, visit us at http://www.MicroCapster.com/
MicroCapster.com Disclosure
MicroCapster is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. MicroCapster is a wholly owned entity of, a financial public relations firm. Please read our report and visit our website, for complete risks and disclosures.
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Published July 6, 2009 Reads 203
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