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02.06 2008

Market Update

The January employment report released Friday by the Labor Department indicates the U.S. economy is teetering on the edge of recession. Assuming this data does not get revised upward in the months ahead, the economy lost jobs in January (-17,000) for the first time since August 2003. Employment had been one of the few remaining…

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01.25 2008

Market Update

Wednesday’s markets initially sold off and tested the low point we saw on Tuesday. However, Tuesday’s low held and the market rallied strongly.  We believe this marker a near term low, not the bottom from which a major bull market will start. The tax stimulus and Fed action is welcome, but may act more as…

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01.22 2008

Market Update

Given the action in overseas markets today and futures trading on U.S. markets, it is likely that we will see a substantial decline when trading resumes tomorrow.  European markets declined 5%-7% today, and S&P 500 Futures closed about 4.5% below Friday’s 1325 close.  Below are current thoughts: Our 2008 market outlook called for first half…

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01.10 2008

Investment Landscape is Changing in 2008

The bull market that began in 2003 was supported by solid fundamentals including robust global economic growth, soaring corporate earnings, and a strong appetite for risk. Capital was readily available for investments in all corners of the world as cash-rich investors sought attractive returns. Money could be borrowed cheaply, often under favorable terms, encouraging excessive…

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