For the Week of October 12th

Joe Terranova
The market brings some excellent positive momentum into the week of October 12th. Investors should be focused on the market’s ability to extend the momentum and “breakout” beyond the September 23rd FOMC highs.

I am in a great mood and you should be too!

Joe Terranova
What a beautiful day! I am on my way into the mountains of Pennsylvania to pick out a yellow lab puppy for the family. It's a beautiful day, my Yanks looked great last night, and how about our market! What happened to Armageddon?

Where is the V?

Joe Terranova
Recent economic data clearly highlights that the hope for a V shaped economic recovery is premature. The durable goods and ISM figures confusingly portray an industrial sector that has stabilized and exhibits signs of modest growth, but not aggressive expansion.

For the week of October 5th

Joe Terranova
This week, there will be a modest shift away from Global and Domestic Economic reports toward the beginning of the Q3 earnings season.

Goodbye September

Joe Terranova
The first trading day of September certainly played into the fears of those expecting a significant 2009 market correction to line up perfectly with the historically challenged month of September. My opinion heading into the September/October period was that, like a good boxer, the market just needed to take "the jabs" and stay on its feet. Happily, the market did just that and survived the month.

Past performance is not a guarantee of future results.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.