Seems that the Federal Reserve is contemplating steps to prop up the economy if necessary. This is welcome news and could instill some confidence into the market. Let's see if there is any follow through today to yesterday's rally. If not, it could of been just a flash in the pan.
Amid the general gloom of recent weeks I have been posting some of the most dire of forecasts. In the interest of balance I thought I would post a bullish sentiment. Actually, this article makes lots of sense citing the fact that stock valuations are very moderate right now at about 11 times earnings versus an average of about 15.
I am becoming even more comfortable with my position in Mariner's Choice (Pinks-MCII). During the week the company has issued two very encouraging PR's. The first involved financial matters in which MCII reported a big increase in fiscal 2010 sales, and the second perhaps more significant development was the association with Wyndam Media Group, which in my opinion will assist the company substantially in its marketing efforts. Still pending is any news on the participation of MCII products in the Gulf oil spill clean up which could really send the shares soaring. This company has the right products at the right time and could be a real winner!
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