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Non-Tech : ACCO: 800America.com, Inc
ACCO 3.935-2.4%Jan 20 3:59 PM EST

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To: stormrider1 who wrote (302)1/26/2007 7:06:37 PM
From: LTK007  Read Replies (1) of 694
 
THE SPEAR REPORT
January 19, 2007

Executive Summary

With about 25% of the S&P 500 having reported, we are getting decent but unspectacular
results. As a consequence, fewer and fewer stocks have been rewarded for their financial
performance; rather we are seeing more "selling on the news." After such a substantial
5-month rally, this does make some sense. Meanwhile, we also witnessed a shift in tone
in the bond market that may negatively impact equities going forward. As bond yields
approach 5%, there are renewed concerns about inflation and declining corporate profits
later in the year. Accordingly, we advise subscribers to prepare for a market correction.
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