NEWS & UPDATES

Sep. 20, 2010 - Indianapolis

Archer Balanced Fund Celebrates Fifth Anniversary

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MARKET UPDATES

We constantly analyze the market to determine where opportunities are and the dangers lie.

 

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Nov. 19, 2010 - Indianapolis

Solid Cash Flow Value Investing: An Exclusive Interview With Steven C. Demas Of The Archer Funds

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Feb. 11, 2011 - New York

Analysis: Health insurer stock run may just be starting

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HOW TO

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 800-238-7701 or by downloading one online at www.thearcherfunds.com.

 

The Fund's past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 800-238-7701

 

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The Latest Market Update:

Click here to download the 2010 4th Quarter Market Commentary by The Archer Funds

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Market Commentary

Click here or on graphic below to download the 2011 3rd Quarter Market Commentary by The Archer Funds.

Click here or on graphic below to download the 2011 Annual Report

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Annual Report

 

Posted: Tuesday 1/24/2012  3:34 PM

 

6th Grade Science: How Far Can It Go?

 

 

I keep hearing this commercial, "the End of America as we know it."  I have also heard another prophet talk about "American ascendancy."  These guys are both right and both wrong, but it is amazing to get two distinct visions out of the same crystal ball with the same data.

 

Lately, the market has gone up and up like a helium filled balloon.  Back in the 6th grade before anyone was worried about the environment, we would attach our name to a balloon filled with helium and let them go asking the people who found them to send them back.  Some came down right away and some made it from Indiana to New York.  The same balloon, let go at the same time, with the same amount of helium.  Two different outcomes.  Confusing, right?  Well it happens in the market the same way.  We can have the same data and the market moves higher or lower.  

 

As I have warned you about in the past, Greece is bankrupt.  It is starting to rear its ugly head again and weighing on the markets today after we all knew this was going to happen and the markets have shrugged off the news and headed higher anyways.  Following this, Italy will have to finance 90 billion euros between February and April alone to refinance its debt.  We will see some impact here in the US.  However, to say the End of America is quite over the top.  Just because one person shouts louder than the other or puts it in print does not make them right.  On the other hand, I have often spoke about corporate balance sheets and the amount of cash on hand.  Did you also know that the percentage of debt-service payments (principal and interest) as percentage of take-home income, have fallen to a 17 year low?  Once job creation picks up, folks will be in good shape to put money to work and bolster the economy here at home.

 

Another voice against our economy says we will need to wrestle with the amount of debt we are putting on our books.  I do agree with this, but it is not yet come home to roost quite yet.  Conversely, one thing to boost our economy greatly is the amount of low-cost energy that has been discovered right here in the old USA.  That is right, 2.5 TRILLION cubic feet of gas.  This is enough to power the nation for an entire century at current consumption rates.  AMAZING!

 

So both can be right in part and both can be wrong in part, however, what does that mean for the investor.  Franky, it means not much will happen in 2012 with the presidential cycle looming and Europe addressing its problems.  It does mean this market may be at a near-term top and will sell off a bit over the next week and then further in March.  However, if it does sustain itself here, it may just forego some of the problems and run further than I think.  My estimate on the S&P low side is 1344 for the year and upper side of 1660.  Anywhere in between would be welcomed.  We will be watching the data rolling out of Washington, Europe, and Wall Street and be managing the portfolios accordingly.

 

If you know anyone who wants to be added to receive these posts, please forward this email to them and ask them to sign up to receive them at http://www.thearcherfunds.com/.

 

Regards,

Troy C. Patton, CPA/ABV

tpatton@thearcherfunds.com

800-800-1776

 

The opinions contained herein are not intended to be investment advice or a solicitation to buy or sell any securities.  Archer Investment Corporation manages The Archer Funds.  You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing.  The Fund’s prospectus contains this and other information about the Fund, and should be read carefully before investing.  You may obtain a current copy of the Fund’s prospectus by calling 800-800-1776 or visit www.thearcherfunds.com.  Past performance is not a guarantee of future results.  The investment return and principle value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Distributed by Rafferty Capital Markets, LLC, 59 Hilton Ave., Garden City, NY 11530 Member FINRA.

 

 

 

 

 

Posted: Friday 2/17/2012  2:42 PM

 

Past Present Future:

Marvels Never Cease.

 

 

Will modern day marvels never cease?  France, Germany and Japan are in a recession.  China is slowing down in the single digits.  The markets continue to move upward in spite of the latest Greece news and wall of worry out of the Middle East.  Nice job!

 

In fact, I am glad to see more people are finding jobs here in the USA.  Europe maybe having its problems, but the companies in the USA are adapting and overcoming quite a few obstacles, including the ones thrown up by our own government.  The bottom line, pent up demand is causing businesses to hire to garner those extra profits that are easily available.  They just need someone to do the work.  

 

What is the fair value of this market given the problems in Europe and potential issues between Israel and Iran?  Well it would be much simpler if the Federal Reserve allowed interest rates to seek a normal level.  Since this is not the case.  I think the market is currently fairly valued.  Now it needs the next catalyst to send it higher or lower.  Higher would be Europe getting its affairs in order, and Iran having some resemblance of a leadership that is not going to defy every country in the world.  One may happen, the other, slim pickens (not the old singer).

 

What about our long-term future of the markets?  As I said last post, I think the markets low for year-end is 1344 which we have passed.  The market may also move wildly higher from here once certain unknowns are present.  Long-term, Europe is going to provide the liquidity (printing) needed to diminish the risk of a long-term recession or depression.  The next question that begs to be answered is, When do we see 70's style inflation from the US and Europe?  To have an exact repeat of this era is unlikely, but rising rates and the bad implications it has for long-term and government fixed income is more probable than not.  The time frame is more like three to five years and not three to five months.  The Fed still likes printing too many dollars to buy our own debt, and the rest of the world is also.  It is possible Europe puts us in a slight recession in 2013 given their slowdown and consumption

 

Speaking further of Modern Marvels, maybe Captain America and his host of superpower friends can spur enough liquidity and reel it back in to keep inflation down and the markets moving higher.  You just never know, we will have to wait for the next episode or sequel.

 

If you know anyone who wants to be added to receive these posts, please forward this email to them and ask them to sign up to receive them at http://www.thearcherfunds.com/.

 

Regards,

Troy C. Patton, CPA/ABV

tpatton@thearcherfunds.com

800-800-1776

 

The opinions contained herein are not intended to be investment advice or a solicitation to buy or sell any securities.  Archer Investment Corporation manages The Archer Funds.  You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing.  The Fund’s prospectus contains this and other information about the Fund, and should be read carefully before investing.  You may obtain a current copy of the Fund’s prospectus by calling 800-800-1776 or visit www.thearcherfunds.com.  Past performance is not a guarantee of future results.  The investment return and principle value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Distributed by Rafferty Capital Markets, LLC, 59 Hilton Ave., Garden City, NY 11530 Member FINRA.