CHICAGO, Jan. 20, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "inthemoneystocks".
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Rare Bloodbath for S&P and Nasdaq
January 20, 2011 - RELATED TICKERS: IBM (NYSE: IBM)
The S&P 500 Index and the NASDAQ Composite are declining very sharply today. The catalyst for the decline today could be the weak financial stock earnings or perhaps just a very overbought stock market.
Please realize the S&P 500 Index has increased higher by over 20.0 percent since Ben Bernanke announced his quantitative easing or as it is called, the QE-2 program. This is when the Federal Reserve buys U.S. Treasuries nearly every day in order to create cash reserves which inflate commodity and food prices around the world. Great job, Ben!
Since that announcement of QE-2 in late August the markets have rallied higher on every dip or intra-day decline. Food riots have also broke out around the world recently. Countries such as China, India, Brazil, and other are facing major inflationary pressures in their economies. People in the United States are now paying over $3.00 for a gallon of unleaded gasoline. Great job, Ben.
Oh, we should remember that the Dow Jones Industrial Average is not down very much today. This is the index that the public follows when they turn on the evening news. The Dow Jones Industrial Average (DJIA) is a price cap weighted index and not a market cap weighted index like the S&P 500 Index and the NASDAQ Composite.
You see, IBM (NYSE: IBM) is trading higher today by $5.29 to $155.90 a share which is a new all-time high. This stock is also the largest stock in the price cap weighted DJIA. Therefore, a single stock that is trading higher such as IBM can keep the entire Dow Jones Industrial Average from selling off sharply.
Today the DJIA is trading lower by just 0.18 percent, meanwhile, the S&P 500 Index and the NASDAQ Composite are trading lower by more than 1.00 percent.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958.
Follow us on Twitter: http://twitter.com/ZacksResearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Brent Billock |
|
People & Picks Manager |
|
Visit: www.Zacks.com |
|
SOURCE Zacks Investment Research, Inc.
Share this article