http://www.parker-wealth.com Parker Wealth Management is a fee-based advisory practice. Fri, 03 Sep 2010 18:06:38 +0000 http://backend.userland.com/rss092 en Last Week:   The markets had a wild ride last week.  The roller coaster was zooming down before Friday’s rise back up.  The Dow30 dropped below 10,000 at Thursday’s close, and rested just a little above it over the weekend.  The Q2 revised GDP number was down significantly, but was better than expected.  ... http://www.parker-wealth.com/2010/08/monday-8-30-10/ Last Week: The only significant news last week came towards the end of the work week when the weekly initial jobs claim number came out.  For the second week in a row a decrease was expected, but the filings actually increased.  The number moved up to 500,000; the first time since ... http://www.parker-wealth.com/2010/08/monday-8-23-10/  Last Week:  After a strong move upward since early July, the markets reversed course and tumbled last week.  The big news of the week came when the Federal Reserve downgraded their view on the U.S. economy.  It came as no surprise after their “Beige Book” came out the week before pointing to ... http://www.parker-wealth.com/2010/08/monday-8-16-10/ Last Week: After a big Monday, the markets appeared to have slowed down the rest of the week.  Friday, the markets were down early and stayed that way before rebounding during the final two hours of trading. The big news of the week was the July Unemployment rate.  A slight increase was ... http://www.parker-wealth.com/2010/08/monday-8-9-10/ LAST WEEK:  Markets had a great Monday, but gave back the gains the rest of the week.    GDP numbers came in on Friday.  Q1 GDP was revised upward from +2.7% to +3.7%.  But the Q2 GDP preliminary number came in at +2.4%, clearly missing expectations.  It was only in the last 6-8 ... http://www.parker-wealth.com/2010/08/monday-8-6-10/   LAST WEEK: The markets ended strong for the second week in a row.  The S&P500 was up +3.5% for the week, showing gains for the second week in a row.  Major companies, in general, were beating the earnings estimates, but not beating the revenues/sales estimates.  The only tough day the markets ... http://www.parker-wealth.com/2010/07/monday-7-26-10/   After a solid post-holiday week, the markets returned back to a downward move.  A lack of consumer confidence was sited at the reason for the return to negative territory.   The initial report on the TARP bailout for GM and Chrysler has indicated the government acted too hastily in forcing the automakers ... http://www.parker-wealth.com/2010/07/monday-7-19-10/