Commentary for November 24th, 2009

First and foremost, we would like to wish all of our clients and visitors to our website a Happy Thanksgiving.  Despite the volatility in the stock market and the economy at this time last year, think back to how thankful you were for what you had.  Thanksgiving is a time to give thanks for what we HAVE.  So often we spend too much time thinking about what we WANT.  Once again, Happy Thanksgiving!  Let’s hope the spirit lasts right through the entire holiday season.

Now, down to business.  Initial Claims for Unemployment Benefits fell by approximately 40,000 to 466,000 their lowest levels since January 3, 2009.  The stock market should like this.  Regardless of what happens today, we believe that the economy is repairing itself which, along with the $2 trillion of cash on the sidelines, should provide support for stocks, therefore limiting the downside.

This entry was posted on Wednesday, November 25th, 2009 at 8:36 am and is filed under Commentary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.