How to Make Monthly Income in a Sideway Moving Market
Expectations for the third quarter earnings were dismal, with forecasts for a decline in profits from a year ago. But a recent flurry of high-profile reports has investors scowling at the weak revenue numbers, adding to worries about the state of the U.S. economy and the outlook for corporate America.
IBM, General Electric and Microsoft fell short of revenue expectations, creating a sour mood early in the third-quarter reporting period. This has led to a market that is moving nowhere too soon. For the last month (Sept 24 – Oct 19), the benchmark S&P 500 Index is only up 0.4% while the PowerShares S&P 500 BuyWrite Portfolio (PBP) is down 0.95%.
Where can income investors go for monthly income in a sideway moving market?
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