The analyst Report 2012 – Recovery Energy Corp
Market Overview
Last month the S&P was down 1%, which as we noted then could have been explained in part as a correction since the equity markets spent the first quarter on a breakneck (positive) pace. However, for May the S&P lost something closer to 6.5%. That may still constitute a “correction” in some people’s book, but from where we are standing it feels a little worse than that. Among the micro caps, May felt particularly bad. While the Russell 2000 feel even further than the S&P (down approximately 7.2%) it is clear that the market is short on liquidity, which means that it wouldn’t take a lot for the Russell to see another stark setback in a short period of time. On the other hand, liquidity is often one of those technical variables that we tend to view as more short term in nature. That is, unless the liquidity is more related to fundamental issues with the general economic environment, and there is certainly reasonable fuel around to feed that fire.
IN THIS ISSUE
MARKET OVERVIEW
Page 1
COVERAGE UPDATES
Page 2
FIRST LOOK
Recovery Energy Corp.
Page 9
SUMMARY OF AMI COVERAGE
Page 13
AMI Research Performance vs. Major Indices (Charts)
Page 14
AMI Allocation System Description
Page 15
