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Good Morning! Stocks moved higher last week, thus adding to gains already recorded during January and look to open higher this morning. After the robust gains recorded during the fourth quarter of 2011, one would think that they would pull back during January. This did not happen and that would be considered bullish. All that said, we are entering earnings season. We will see if the stock market can hold these gains through this period. If so, then the balance of Q1 should be positive.
Hard to find value on the fixed income (bond) side. Rather than using all conventional bonds, we would prefer, adding some high dividend paying common and preferred stocks along with bonds.
By the way, wiht all the snow, sleet and freezing rain out there, at least here in the Capital District, drive safely. Can’t believe it’s January 17th already. Winter will be over before we know it.