Commentary for September 4, 2008

Wednesday, September 10th, 2008

« If It’s September, It Means the Glass is Half-Empty Commentary for September 10, 2008 »

Good Morning!

Stocks are getting pummeled as investors fear that falling energy prices are a symptom of a slowdown in the global economy. Compounding investor anxiety is the lack of market leadership. Seldom will you see any sector lead for more than a day or to, if that, until investors move to another sector. With this in mind, we are trying to limit losses and raise cash as the market attempts to find a bottom during the historically challenging month of September.

Dennis Fagan
Chris Fagan

« If It’s September, It Means the Glass is Half-Empty Commentary for September 10, 2008 »

Any specific stocks named in this presentation may not be representative of current or future investments in the portfolio to which they belong. You should not assume that investments in the securities identified were or will be profitable. We will furnish, upon your request, a list of all securities purchased, sold, or held in the portfolio during the twelve months preceding the date of this presentation.

Please note that all data is for general information purposes only and not meant as specific recommendations. The opinions of the authors are not a recommendation to buy or sell the stock, bond market or any security contained therein. Securities contain risks and fluctuations in principal will occur. Research any investment thoroughly prior to committing money or consult with your financial advisor. Please note that Fagan Associates, Inc or related persons buy or sell for itself securities that it also recommends to clients. Consult with your financial advisor prior to making any changes to your portfolio.

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