A "U" Shaped Market

We apologize for not having any updates as of late, but we had some issues we had to resolve on the home front. As for the market, it has been a crazy few weeks with decicse movement in both directions. A harsh week has been followed by a promising one and the dip buyers appear to be back in action. As we thought, the lack of jobs being created is finally catching up to the market and becoming a closely watched figure. Inflation reports are holding up well, but with gold reaching it's all time high, their may be cause for concern. It appears the market will float in a fairly right range of 9500-9850 for a while until some definitive news gives the market a true direction. There still exists a lot of skepticism and the market reacts to any change in perception provided by the all powerful media. We have reduced some of our positions in the energy sector and increased our position in the area of commodities. Steel has taken a large hit and companies like Nucor and American Steel are good buys. We reccommend buying half your position at a comfortable price and averaging down on any dips that may occur with the other half. We are also keeping a close watch on companies in the E&C area such as Shaw and Zachary who have taken a large hit and have a lot of room for growth. We will follow up later in the week with some of our favorite biotech stocks, as many people have requested our take on some of the ones currently in focus. Keep a close watch on inflation numbers and remember to be patient because the market is still very volatile.