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Market Wrap-Up for Aug.20 Dividend.com Premium Article

By Dividend.com Staff
August 20th, 2009

market-wrap-up-for-aug-20

This morning's jobless claims rise was bearish, but that did not stop buyers from taking stocks higher. Lots of speculative action in plays like Fannie Mae (FNM), Freddie Mac (FRE), and Sirius XM Radio (SIRI). Not something that we believe is healthy for the markets.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.