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	<title>The Enlightened American &#187; Market Commentary</title>
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	<link>http://enlightened-american.com</link>
	<description>One person's quest to make sense of a senseless American economy and society.</description>
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		<title>Fat Pitches Few And Far Between</title>
		<link>http://enlightened-american.com/2010/10/18/fat-pitches-few-and-far-between</link>
		<comments>http://enlightened-american.com/2010/10/18/fat-pitches-few-and-far-between#comments</comments>
		<pubDate>Tue, 19 Oct 2010 04:05:22 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Investment Strategies]]></category>
		<category><![CDATA[Market Commentary]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=751</guid>
		<description><![CDATA[Another positive week for markets meant most stocks, including those on our watchlist, saw gains in share prices, leaving us on the sidelines once again. This week, I&#8217;d also like to direct members toward this Bloomberg article: Akre Adding Cash Joins Stock Pickers Looking Beyond Valuations In addition to noting these professionals&#8217; movement toward a [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Monthly Commentary: Wild Market Swings Continue</title>
		<link>http://enlightened-american.com/2010/10/03/monthly-commentary-wild-market-swings-continue</link>
		<comments>http://enlightened-american.com/2010/10/03/monthly-commentary-wild-market-swings-continue#comments</comments>
		<pubDate>Sun, 03 Oct 2010 23:51:34 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[Market Commentary]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=747</guid>
		<description><![CDATA[THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +6.3% through Oct 1, 2010 (my actual IRR, including cash balance) DJIA: +3.9% Nasdaq: +4.5% S&#38;P 500: +2.8% DJ Wilshire 5000: +4.4% Russell 2000 (smallcap): +7.1% Any worries about a September market dip  were heartily misplaced, with all the major indices racing to big gains. While many investors may [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>So Much For Scary September</title>
		<link>http://enlightened-american.com/2010/09/28/so-much-for-scary-september</link>
		<comments>http://enlightened-american.com/2010/09/28/so-much-for-scary-september#comments</comments>
		<pubDate>Tue, 28 Sep 2010 09:15:26 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[Market Commentary]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=742</guid>
		<description><![CDATA[So much for scary September. With stocks rallying near the year&#8217;s highs, our watchlist count dropped to the lowest number in a few months. A bit discouraging for bargain hunters but there are perhaps some signs the markets are getting close to something approaching normal. For much of the last 2-3 years, stocks seemed to [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/09/28/so-much-for-scary-september/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Opportunities In Healthcare Stocks</title>
		<link>http://enlightened-american.com/2010/07/28/opportunities-in-healthcare-stocks</link>
		<comments>http://enlightened-american.com/2010/07/28/opportunities-in-healthcare-stocks#comments</comments>
		<pubDate>Wed, 28 Jul 2010 19:32:55 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[health care]]></category>
		<category><![CDATA[JNJ]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=732</guid>
		<description><![CDATA[Another week, another ride &#8212; in this case, a ride up as the major indices got back to even on the year and erased 2010 losses. Since most stocks enjoyed gains last week, a fair number of stocks dropped off our watchlist and a few saw double-digit gains. However, we must remain unaffected by the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Trading Range Leads To Stockpicker&#8217;s Market</title>
		<link>http://enlightened-american.com/2010/07/19/trading-range-leads-to-stockpickers-market</link>
		<comments>http://enlightened-american.com/2010/07/19/trading-range-leads-to-stockpickers-market#comments</comments>
		<pubDate>Mon, 19 Jul 2010 23:51:42 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[IBM]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=724</guid>
		<description><![CDATA[The market&#8217;s refusal to set on a clear course in either direction demonstrates the level of uncertainty now confronting the economy and investors. Whereas many pundits had previously posited economic recovery was clearly at hand, the latest round of economic data and indicators are forcing a double-take at such a hastily drawn conclusion. Today, the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Economic Dissonance In Corporate Profits</title>
		<link>http://enlightened-american.com/2010/06/21/economic-dissonance-in-corporate-profits</link>
		<comments>http://enlightened-american.com/2010/06/21/economic-dissonance-in-corporate-profits#comments</comments>
		<pubDate>Tue, 22 Jun 2010 00:41:51 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[corporat]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=713</guid>
		<description><![CDATA[A passing sentence in Barron&#8217;s this week caught my eye and really highlighted the disparity I&#8217;m seeing between the macro corporate outlook and economic reality on the ground. Market analysts are predicting $96.43 of S&#38;P 500 earnings in 2011, which would top 2006 as the record year for corporate profits. Yet a quick survey of the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Opportunities Available In Fairly Priced Market</title>
		<link>http://enlightened-american.com/2010/06/16/opportunities-available-in-fairly-priced-market</link>
		<comments>http://enlightened-american.com/2010/06/16/opportunities-available-in-fairly-priced-market#comments</comments>
		<pubDate>Wed, 16 Jun 2010 15:36:28 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[BP]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=710</guid>
		<description><![CDATA[Even as markets wobble on the basis of global macro uncertainty, we do not have 2009 redux. During that tumultuous period, nearly all asset classes, save US Treasurys, lost ground regardless of fundamentals.  Now, however, many stocks are moving due to their specific situations, regardless of the broader market moves. Personally, I favor this environment [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>Selectively Buying The Dip</title>
		<link>http://enlightened-american.com/2010/05/26/selectively-buying-the-dip</link>
		<comments>http://enlightened-american.com/2010/05/26/selectively-buying-the-dip#comments</comments>
		<pubDate>Wed, 26 May 2010 16:17:30 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=704</guid>
		<description><![CDATA[No surprise, our watchlist has ballooned to over 60 names due to the market turbulence in recent weeks. As more stocks fall into attractive pricing ranges, some possible quality names begin to visit our screens once more. As for the market itself, I studiously avoid trying to predict the market’s direction. I found a heavy [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/05/26/selectively-buying-the-dip/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Sell in May and Go Away? Hardly.</title>
		<link>http://enlightened-american.com/2010/05/18/sell-in-may-and-go-away-hardly</link>
		<comments>http://enlightened-american.com/2010/05/18/sell-in-may-and-go-away-hardly#comments</comments>
		<pubDate>Tue, 18 May 2010 16:53:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[BP]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=696</guid>
		<description><![CDATA[Barely half over, May has already been the most active month for us in quite some time. The increased volatility has restored some premium back into options, used to good advantage by writing calls against our gold positions. Also, headline risk has presented us with some opportunities. Many European stocks have plunged along with the [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Gold The Antidote To Delusions Of Market Stability</title>
		<link>http://enlightened-american.com/2010/05/11/gold-the-antidote-to-delusions-of-market-stability</link>
		<comments>http://enlightened-american.com/2010/05/11/gold-the-antidote-to-delusions-of-market-stability#comments</comments>
		<pubDate>Tue, 11 May 2010 23:33:07 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[MFN]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=686</guid>
		<description><![CDATA[Last week’s action reinforces my analogy of the financial markets being more akin to car-driving than roller-coasters. Most people drive recklessly far more often than they should but get away with it most of the time. With the market, an unrelenting stream of up days fostered an illusion of stability. It becomes clearer that these [...]]]></description>
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		<slash:comments>0</slash:comments>
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