Commentary for May 26, 2009

Tuesday, May 26th, 2009

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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

« Don’t Ignore Boring Commentary for June 4, 2009 »

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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