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ADV: News of Greek Debt Deal Drives Markets Upward Laura Kuntz Sent: Wed. 10/28/2011 4:15 PM Positive economic news and word of an agreement by European leaders to reduce Greek debt drove the major indices up significantly Thursday. The plan calls for private investors and banks to take a 50% cut in their holdings – meaning they agreed to take major losses on Greek bonds. In addition, banks will be recapitalized, and the bailout fund will be leveraged to 1 trillion euros. Stocks have been rallying in anticipation of a European debt deal since the start of October. After the deal was announced, the Dow Jones industrial average shot up 2.9%, while the S&P 500 gained 3.4%, and the Nasdaq surged 3.3%. Thursday’s rally pushed the S&P 500 into positive territory for the year for the first time since early August, putting the index on track for its best monthly performance since October 1974. The gains also pushed the Dow above the 12,000 mark for the first time since August 1. The blue-chip index is headed for its best month since January 1987. The eurozone’s sovereign debt woes dominated media attention for weeks, often cueing volatile swings in the markets. But Thursday’s news prompted the VIX, an index that measures volatility in the market, to tumble to lows generally not seen since early August. While the highly anticipated deal sent markets skyrocketing for now, I believe investors should refrain from getting swept up in the European euphoria as the question remains whether the deal will be enough to contain the debt crisis over the short term. Investors around the world are understandably looking for a more permanent solution to the region’s financial woes and structural problems that are hindering economic growth. In other good news, the Commerce Department said the U.S. economy's growth rate hit 2.5% as the summer waned, more than double the rate in the first half of the year and the fastest pace in 12 months. Of course, I’ll keep a watchful eye on the markets on your behalf and communicate regularly with you. If you have any questions about market events or any financial matter, please contact me. I’m here to help. My very best, Laura L A U R A A. K U N T Z , C P A / P F S , M B T Principal & Financial Advisor OFFICES OF LAURA KUNTZ, CPA/PFS, MBT RAYMOND JAMES FINANCIAL SERVICES, Inc. 8009 34th Avenue South #1495, Bloomington, MN 55425 | 952-854-6250 | fax 952-854-6276 www.laurakuntz.com To opt out of receiving future e-mails from us, please reply to this e-mail with the word “Unsubscribe” in the subject line. The information contained within this commercial e-mail has been obtained from sources considered reliable, but we do not guarantee the foregoing material is accurate or complete. Future performance can never be guaranteed. Laura A. Kuntz & Raymond James Financial Services, Member FINRA/SIPC, provide financial planning and investment advice and do not practice law or accountancy. Laura A. Kuntz & Raymond James Financial Services do not accept orders and/or instructions regarding your account by e-mail, voice mail, fax or any alternative method. Transactional details do not supersede normal trade confirmations or statements. Email sent through the Internet is not secure and confidential. Raymond James Financial Services reserves the right to monitor all e-mail. Any information provided in this e-mail has been prepared from sources believed to be reliable, but is not guaranteed by Raymond James Financial Services and is not a complete summary or statement of all available data necessary for making an investment decision. Any information provided is for informational purposes only and does not constitute a recommendation. Any opinions expressed in this email are those of Laura Kuntz and not necessarily those of Raymond James Financial unless otherwise indicated. Raymond James Financial Services and its employees may own options, rights or warrants to purchase any of the securities mentioned in this e-mail. This e-mail is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this message in error, please contact the sender immediately and delete the material from your computer. Past performance may not be indicative of future results. The Dow Jones Industrial Average is an unmanaged index of 30 widely held stocks. The NASDAQ Composite Index is an unmanaged index of all common stocks listed on the NASDAQ National Stock Market. The S&P 500 is an unmanaged index of 500 widely held stocks. Investors cannot invest directly in an index. Performance mentioned does not include fees which would reduce an investor’s return.