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The stock market continued to works its way slowly higher, this despite the fact that the U.S. Treasury auction completed yesterday was weakly bid at the long end. We believe that there will be enough positive economic data over the foreseeable future to provide hope that the economic slowdown is easing. That may or may not be the case. However, given the amount of stimulus coming into the economy, again, there will be enough positive economic and corporate data to support stocks.
Please read our “Newspaper Columns” Section of the website for some timely year-end tax planning ideas.