April 21, 2008

I SEE THE MARKET STRENGTHENING

Dear Clients;

I know the monthly statements are difficult to read, I would prefer you call me at any given time to find the status and value of your accounts.  Your monthly statements only provide a snapshot of the last day of each month.

When I got into this business 23 years ago the Dow was about 1600 today it’s about 12,800, that is a 11,200 point increase.  Along the way there were many hic-ups as we are having now.  It’s true that the housing sector is having problems that are being exasperated by the news media in a very negative manner.  Well that is what sells newspapers and news programs.

A recent History of the Dow.

 *October 5, 2007 14,066
 *March 10, 2008 11,740
 *April 21, 2008 12,825  Today

Stocks have seen the worst of this decline and are poised to head higher due to the Federal Reserve and the stimulus package, although I feel the market will not be back to the 14,000 mark until the 4th quarter of 2008 or the first quarter of 2009.

I have been and will be changing accounts to position them to participate in the bull market when it come’s back.

If at anytime you have questions about your accounts I want you to call me, please do not lay awake at night thinking about this.  In the history of the stock market there has never been a down time that has not come back.

Sincerely,

Al Locy