Commentary for June 27, 2008

Friday, June 27th, 2008

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Good Morning!

Here’s hoping for at least some stability here today given the 300+ point drubbing the Dow took yesterday. Please read our commentary yesterday for a more detailed look at our market outlook. Bottom line, we believe that our U.S. stock market will have a lot of trouble making any substantive headway until oil prices break.

Dennis Fagan
Chris Fagan

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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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