January, 2008

There has been a great reluctance to let go of the bull market. It’s understandable as we like to see increases, forward motion, and positive news. But, there are those times when one can search for the silver lining and only find the cloud. The macroeconomic outlook is not good, but it is not the end of the world. The market is dealing with the questions of how much will the Fed's cut interest rates and whether or not we are going into a recession.