For the time being Dow 13,000 and NASDAQ 3,000 are providing important points of resistance (ceilings) to stocks as investors turn their attention from the potential RETURN of their portfolios to the RISK they are assuming. At this point in time, we see this pullback as a shallow pause to refresh. We can point to several different risks around the globe as the catalyst for this pullback, including the possibility of an economic slowdown in China, the potential for military conflagration between Israel and Iran, continued problems with Greek debt, rising gas prices and the near-certain in the ratcheting-up of the political rhetoric as we close in on our Presidential Elections in November.
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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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