I was reminded this morning, that when I went thru last week’s update on my stock holdings, that I left out one of the purchases that I had the most confidence in working out over the long run. Ford! I bought shares of Ford back on June 11th for a little bit under $6 dollars a share, and after a a nice earnings call this morning, they were up to almost $7. My horizon on this stock is much longer term, as I am hoping that they take this auto industry crisis as a turning stone in their business, and continue upwards to profitability, but the news is so far so good.

While I’m posting I might as well add some more info based on this quarter’s earnings reports so far. AT&T had good earnings this morning as well, yesterday Altria did as well. It’s hard to say which way the stock market is going to move over the next 6 months. This most recent quarters earnings are mostly coming in good across many companies and industries, but they all seem to be driving by cost cutting. The jobless claims and unemployment rates, don’t seem to be showing any improvement. So how long can this be sustained? Will the bubble burst again or will some air just be let out of the balloon?