An Update on the Deficit
The fiscal debt situation in the USA is improving and investing in the stock market is improving with it. First we look at the deficit situation and then the Dow Jones Industrial Index.
The Congressional Budget Office said that spending in May would’ve been $4 billion less than a year earlier were it not for shifts in the timing of payments compared with May 2012. The U.S.’s AA+ credit-rating outlook was increased to stable from negative by Standard & Poor’s based on receding fiscal risks, less than two years after the company stripped the world’s largest economy of its top ranking.
For the first eight months of the 2013 financial year that began Oct. 1, the nation’s deficit shrank to $626.3 billion compared with a $844.5 billion shortfall over the same period from a year before.
What this means is that in spite of the political wrangling in Washington, tax revenues are increasing (meaning the economy is improving), and government spending is decreasing – all good news for investors.
The Dow Jones Industrial Index ($INDU)
The Dow is hovering just below historical highs. This week, it climbed above both the 30 day MA (moving average) and the 50 MA on both the daily and weekly charts. It is poised to break above these historical highs and is currently resting and gaining strength to do so.
This historical average is a sign to investors be BULLISH.
CymorFund Stock Picks – BUY THE DOW
Look at the charts. Look at the economy. It is time to BUY THE INDEX. Buy the DOW @ 15,135. Ride the train upward and ride the momentum.
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Views expressed are opinions and not investment advice. You should retain a licensed professional to guide you and not rely on the opinions expressed herein. This report is neither a solicitation nor a recommendation to buy or sell securities. We are not a registered investment advisor nor a broker-dealer. The information contained herein is based on sources which we believe reliable but is not guaranteed as being accurate or a complete statement or summary of the available data.
By Larry Cyna
Mr. Cyna is an accomplished investor in the Canadian public markets for over 20 years, and has managed significant portfolios. He is a financing specialist for private and public companies, and has expertise in real estate and debt obligations. He has assisted private companies accessing the public markets, has been a founding director of public companies and continues as a strategic consultant to selected clientele.
He is and has been a director, a senior officer and on the Advisory Board of a number of TSX and TSXV public companies in the mining, resource, technology and telecommunications sectors, and the Founding Director of two CPC’s with qualifying transactions in mining and minerals. He was an honorary director of the Rotman School of Management MBA IMC program, has completed the Canadian Securities Institute Canadian Securities Course & Institute Conduct and Practices Handbook Course, was a former Manager under contract to an Investment Manager at BMO Nesbitt Burns, a roster mediator under the Ontario Mandatory Mediation Program, Toronto, a member of the Institute of Corporate Directors of Ontario, a member of the Upper Canada Dispute Resolution Group, and the Ontario Bar Association, Alternate Dispute Resolution section.
He obtained his designation as a Chartered Accountant in Ontario in 1971 and was the recipient of the Founder’s Prize for academic achievement together with a cash reward. He became a CPA in the State of Illinois, USA in 1999 under IQEX with a grade of 92%. He is a Member of the Institute of Chartered Accountants of Ontario and the Canadian Institute of Chartered Accountants.
He holds certificates in Advanced ADR & in Civil Justice in Ontario, Faculty of Law, University of Windsor, certificate in Dispute Resolution from the Ontario Institute of Chartered Accountants. Previous accomplishments are Manager of Cymor Risk Consultants LP specializing in Risk Management Assessment; CEO of Cyna & Associates specializing in mediation and ADR; Founder & Senior Partner of Cyna & Co, Chartered Accountants, a fully licensed and accredited public accountancy firm with international affiliations; and was a partner in a large public accountancy firm.
Mr. Cyna is well known in the Canadian Investing community. He is invited to, and attends presentations given by public companies usually 3 or 4 times each week. These presentations are intended by the various hosting companies to present their inside story to sophisticated parties and Investment Managers for the purpose of attracting funding, or of making parties more interested in acquiring shares of those companies. Being a part of this keeps Mr. Cyna deeply involved in the current market and leads to numerous investment opportunities.
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