Commentary for May 26, 2009
Tuesday, May 26th, 2009
Good Morning!
Stocks look to open somewhat lower as not only the United States, but global investors are responding to the reports that North Korea has fired two test nuclear missiles. We add to this concerns that appeared last week regarding the weakness of the dollar which resulted in rises in the price of gold and silver, oil and other commodities, basic materials and a rise in interest rates. Despite the above, we remain constructive on equities should they continue to pull back. Furthermore, we also believe that international bond funds look appealing.
Dennis Fagan
Chris Fagan
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