Keith Springer Announces the Release of his Latest Critical Economic and Market Update

June 14, 2010 (MMD Newswire) -- President of Capital Financial Advisory Services in Sacramento California Keith Springer Announces the Release of his Latest Critical Economic and Market Update

Doctor, Doctor, Give Me the News

SACRAMENTO, Calif. June 9, 2010 - Keith Springer, President at Capital Financial Advisory Services provides in-depth analysis on the global economic headlines of the European debt crisis and the current U.S. economy in his weekly Critical Economic and Market Update newsletter.

"The market has been largely news-driven of late, fluctuating to the tune of the latest headline. Stocks have been taking it on the chin, but the news is not all that bad. In fact, the news remains pretty good:

1. low rates
2. liquidity
3. good earnings
4. negative investor sentiment

The problem is that all of this good news is old news.

In the big picture, Greece, Spain and the rest of the EU will not bring down the world. The steps the EU, IMF and individual nations have taken recently are appropriate and should help resolve the crisis. Just this week, both the Germans and British announced additional austerity measures with large cuts in government spending. Yes, it will dampen the strength of the economic recovery - not only for Europe but also Asia and North America - but we already know the world is in a slow growth environment.

Stocks appear oversold right now, and should not "let go" quite yet. The big question will be consumer spending. The last few reports have shown moderate increases, and if that trend continues we've got a new bull market on our hands....but that's not what I am expecting. My crystal ball shows a severe slowdown in spending, continued high unemployment and lower-than-expected GDP. That will lead to the dreaded deflation, which will be horrific for stocks. Regardless of the outcome, we remain alert and on the ready."

To view more of Keith's newsletters visit www.KeithSpringer.com and click the "Weekly Economic and Market Updates" link, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call (916) 925-8900

Keith Springer is President of Capital Financial Advisory Services, a SEC Registered Investment Advisory Firm, frequently provides commentary and analysis for various global and national media outlets. He has developed a proprietary process for successfully building tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years.