08/18/2008

Hello:

As the Olympic Rally in the markets begins it's double twisting dive in pike position back into the pool of correction territory (which we believe will lead to a true rally in the September time frame!) some good news about the economy makes it's way to the back page of the foreign press. To wit: the back page of last Wednesday's Financial Times (FT) reports a "surprise shrinkage in the [U.S. foreign trade] deficit in June to $56.8bn will push up GDP growth estimates for the second quarter"

Hang on....improved GDP growth estimates because we are sell more goods overseas? But that's good news! How could that be? The FT continues by reporting "[f]oreigners have gorged on US exports, which have soared by almost a fifth in the past 12 months"

Well, maybe the cheap dollar has made our quality goods more competitive on the global market. Hurrah for that! That's one for the home team!

Do you have assets at other firms not getting the attention they deserve? Feel free to contact us. We would be happy to assist you in consolidating your portfolio where it gets the attention it deserves.

Terri G. Millson, CIMA, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager