Market Watch with Tom Waitt

January_11th_2012.mp3 Record Earnings    Where is all the bad news media pundits were suggesting? It appears the economy is stronger than forecast. S&P 500 Earnings (Click For Larger Picture) Despite European woes and political infighting there are pockets of strength in North American markets. Indeed we are growing GDP to record levels albeit at a mild pace at this point in time. What is most encouraging and has not been reported widely is the fact that earnings by S&P 500 stocks is at an all time record high. Global positioning is changing right before our eyes, the once mighty Eurozone which was a contender for the number 1 spot pushing the U.S. economy out has slipped rapidly and China is now threatening to take out their number 2 position. India is now set to challenge theEurozone at a pace more rapid than originally thought. There are many opportunities to make money but it requires action on your part, each stock selected must show risk/reward of at least 2:1. Mak