September 30th Financial Report

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Dear Clients, At 12:45pm yesterday the Dow was ever so slightly in positive territory. Fifteen minutes later, at the close, it was down 203 points. What amazing volatility we’ve seen these past several weeks. As I write this letter, the market is closed, but Dow futures, which continue to trade after hours, are 286 points [...]

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Dear Clients, A week ago, the market was flailing; all the news was bad, with seemingly no light at the end of the tunnel. And here we are now, just this Tuesday, in the blink of an eye the market bolted ahead 400+ points, as measured by the Dow Jones Industrial Average. As I’ve stated [...]

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I’ve been a bit under the weather recently and, as you’re about to read, have had perhaps too much time on my hands. Thus we now have, “The Great Tree Chapter 2”. A few months ago I shared a little tale titled “The Great Tree”, an analogy for my view on government intervention and the [...]

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When your teenager is about to hop in the car and head to the beach, what are your parting words? “Have a good time honey” or “for God’s sake, please drive safely”. Do you imagine your kid having fun or are you riddled with fear? I’m guessing most of us want our kids to experience [...]

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Dear Clients, Halleluiah, the party’s back on! What a week last week turned out to be. It started with Goldman Sachs handily beating Q2 estimates, followed by Intel, J&J, etc. Then out of the blue, Merrill Lynch called the recession over as of June 30. The Dow ended the week 576 points (7+ %) higher [...]

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