AMP Market Letter

AMP MARKET LETTER

JACK A. BASS

& A S S O C I A T E S

Management Services

The Apprentice Millionaire Market News Letter

You Can Profit
- With The Road Map To Wealth

Note : NEW AMP Portfolio Book -

September 2009 Edition Available NOW
all orders after this date will receive the revised edition
Order info at the end of this market letter edition and
you can use the forms or PayPal as detailed in the
margin.

Planning Not Wishing for Success

Seminar Materials AVAILABLE NOW
What is Your Plan for 2010 ?

AVAILABLE NOW - PROFIT NOW -
200 pages bound copy 9 1/2 " by 11 1/2 '

REVISED September 2009 Edition
"Building Your AMP Portfolio
Our Best Ideas for 2010 "

You have a plan for building your portfolio.
You have a book that shows a plan for 2009 and beyond.

AT A MINIMUM - if you are investing thousands of dollars in a particular recommendation - invest
$39 to develop a portfolio plan.
That's common sense - and common sense is highly valued because it is uncommon.
Materials alone are available for $39
use order form in the right hand margin or the PayPal drop down menu
Check or money order payable to

J.Bass
92-6887 Sheffield Way
Chilliwack, British Columbia
Canada v2r 5v5

(Return to Top)

Recovery - Slow , Yes , painfully slow - but Economic Recovery IS Underway
For another viewpoint - John Mauldin :

“The unemployment numbers this morning were just bad, even though the spin doctors were out in
force. Of course we knew that because of census workers being laid off the number would be negative,
and it was, down 125,000. But the "bright spot" we were told about was that private payrolls came in at
83,000 new jobs. Let's look at what you did not see or hear.
First, last month's dismal (there's that word again)
private job-creation number was revised down from
41,000 to 33,000. So in two months, total private
job creation is 116,000 jobs. We need 125,000 jobs
per month just to keep up with population grow “
The news in my view points to a long slow recovery –
but a recovery without inflation at this point:
“The glass is half empty when you’re at the end of
the quarter,” said Wayne Wilbanks, chief investment
officer at Wilbanks, Smith & Thomas in Norfolk,
Virginia, which manages $1.5 billion. “It’s continued
concerns with the economic slowdown and global
deterioration issues as highlighted by the Spanish
potential downgrade and the jobs data.”

ADP Report
Companies in the U.S. added fewer workers in June than forecast, according to data today from ADP
Employer Services. Shares had advanced earlier after the European Central Bank said it will lend the
region’s banks less money than economists had forecast, spurring speculation the region’s lenders are
stronger than had been expected. The S&P 500 had gained as the Institute for Supply Management-
Chicago Inc.’s business barometer showed manufacturing is overcoming turmoil in financial markets.
Any gains today were limited after companies in the U.S. added fewer workers in June than forecast,
according to data from a private report based on payrolls. The 13,000 gain followed a revised 57,000
increase the prior month, data from ADP Employer Services showed today. Economists surveyed by
Bloomberg News had anticipated an increase of 60,000,

BP is Speculative Not Investment Grade – but …
The continued fall may be arrested if the relief well
is an early success and if oil prices move up with
the recovery.
That does not mean a sure thing – there may be
no bottom to the BP costs of clean up and the
PR disaster. Failure of the relief effort means a
failure of BP itself ,Contrary to others ( who
shall remain nameless as Hilary is a bright
girl ) it is possible for BP to go out of business.
In the meantime . Here is what Hilary said when
urging you to buy at $ 34.50 ..
The worst oil spill penalty in history was Exxon
Valdez, and in that case the initial judgment
against them was for $5 billion…which almost a
decade later was adjusted down to just $500
million. Now I’m not saying that BP’s penalties won’t be MUCH higher, but for a company that makes at
least $20 billion a year…this isn’t going to bankrupt them!
Did I also mention the political pressure to keep BP around? BP makes up an astounding 12% of the
London FTSE’s Stock exchange’s dividend yield. With the UK still being our biggest political ally in the
world, do you really see the Obama administration driving them out of business (the equivalent impact
on the NYSE would be if J&J, ExxonMobil and AT&T all went bust on the same day!).
So now that you see why I just don’t foresee BP going bust, that’s why I recommend you load up on BP
shares at any price under $34.50. I’ve seen this time and again in my years as a money manager, once
the rest of the world comes to their senses and also acknowledges that these guys are going to be
around for a good long time, we should see a really quick move back up into the $50’s.
( AMP still favors Exxon and Chevron ) There is enough trouble in the market forecast to allow you to
avoid seeking out more problems.

Order using PAYPAL

The following is a sample of the monthly Apprentice Millionaire Market News letter from July 2010. You can
receive the monthly newsletter direct to your email address at NO COST, providing up to date analysis of
the stock market and economy. Your privacy is respected under our terms of service policy. You to can
benefit from this valuable information by simply requesting APM Newsletter .....