Monday, October 11, 2010

Bryn Mawr Trust:Momentum Takes Hold

Since September,equities have been steadily regaining strength.Bryn Mawr Trust thinks the market is the ultimate leading indicator.It's gonna be tough to break this momentum for a while.Earnings will surprise on the upside.Positive growth in economically sensitive companies,as well as profit,will occur.
The Dow Jones Industrial Average has crossed the 11,000 mark for the first time since May.If we continue to look at an up market 12-18 months from now,the financials are gonna participate in that.
For sure,there's gonna be a reversion to the mean.As inflation picks up,stocks will outperform bonds again.
Eric Thorne is Vice President and Senior Portfolio Manager at Bryn Mawr Trust.The full service bank with a specialty in affluent clients was founded in 1889,and has branches in the Philadelphia area.
Bryn Mawr Bank Corporation(BMTC)

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