Commentary for October 24, 2008

Good Morning!

Stocks look to move sharply lower this morning as markets in Europe and Japan have closed down anywhere from 6% to 10%. Enough of the pep talks. Enough of the hang in there. Enough of the stocks are bottoming. (This we have not said.) However, we will say that our clients are appropriately positioned to meet their long-term objectives. As we always often say, we invest the assets of our clients not for good times, not for bad times, but for a lifetime! If you have any doubt that this is NOT the case, please feel free to contact us!

In addition to all of the above, we will continue to move up the “food chain” to more stable equities and, in addition, see once in a generation opportunities in bonds (municipals and corporate bonds) relative to U.S. Treasuries. Furthermore, we have ample cash in client accounts to weather the storm.

PLEASE FEEL FREE TO CONTACT US WITH ANY QUESTIONS!

Dennis Fagan
Chris Fagan

This entry was posted on Friday, October 24th, 2008 at 8:00 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.