Harry Rady Online – San Diego, CA

Commenting on the market’s latest showing Harry Rady of Rady Asset Management said,

“Everything is overpriced. A very long, protracted recession is still very much alive.”

This remark was reported in an article in Lubbock On-Line in response to a week of see-saw movement of the major markets including the Dow Jones industrial average. The Dow along with all the other major market indicators, finished the five days ending on May 23rd just barely in the black. The Dow, S&P and Nasdaq rose 0.10, 0.47 and 0.71 percent, respectively.

Despite a good showing on Monday, stocks sunk downward the rest of the week in response to some bad economic news. Re-running a pattern that is now only too familiar, early gains on Friday were neutralized by sustained losses in the last hour of trading.

The choppy trading waters were caused by announcements that unemployment could reach as high as 9.6 percent and that the British government could lose the Standard and Poor’s Triple-A credit rating.

Coming at the end of next week are several economic indicators that will help determine whether the markets will be sustaining their rally of early spring, or rather if they are instead a disappointing indication of more bad times to come. These barometers include reports of home sales, orders for manufactured products and consumer confidence.

Rady Children's Hospital

Rady Children’s Hospital and Health Center located in San Diego, California, acts as a safety net medical center for the region.  Children with little or no medical insurance are not turned away from Rady Children’s Hospital and more than half of the children they serve are in this category.

Rady Children’s Hospital is the teaching hospital for UCSD School of Medicine as well as for the Navy. The hospital also acts as the region’s major clinical research facility. Pediatric subspecialties are available at the hospital including Hematology/Oncology, Cardiology, Cardiovascular Surgery and many others.

Harry Rady, of Rady Asset Management is active in support of philanthropic activities at Children’s Hospital, including being on the Investment Committee of the Children’s Hospital and Health Center.

In an interview which took place on April 13, 2009 with Maria Bartiromo on the CNBC financial news program “Closing Bell”, Harry Rady of Rady Asset Management discusses his firm’s re-entry into investments in the financial sector after an 18 month hiatus. Explaining that he believes there is too much risk at the moment to invest in individual companies; Rady Assets began investing about 6 weeks ago in the “ultra-financials” such as ‘UYG-ETF.’ Believing that there is not enough “clarity on what’s the balance sheets of these companies” to take more of a risk on them. Enjoy the complete interview here.