Focus on the Fundamentals

Tuesday, October 21st, 2008 by Cass Chappell, CFP®

focus-on-the-fundamentals

Last week the Dow Jones Industrial Average had its best week since March 2003, up 4.8%.  What is particularly noteworthy about the week was that it included the best day since the Depression (in percentage terms) AND the worst day since the stock market crash of 1987.  Needless to say, the markets continue to be volatile.  Many experts are suggesting that the market is not trading on fundamentals.

Fundamentals are often associated with sports.  A popular phrase, usually used by angry coaches after a loss or sloppy performance, is “we need to get back to basics and focus on the fundamentals.”

                         

Someone please give Wall Street this same speech…

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