8/09/2004

Bubble Migration?

Hello:

An article in this week's edition of Barron's magazine poses the question if whether the investment bubble has migrated from technology stocks to residential real estate. To quote, "housing affordability is at its lowest since August 2000". Who can say for sure? That is a good question, and only time will tell.

The employment report was weaker than expected on Friday, making it easier for the US Stock Market continue its slump. The economy appears to continue to improve, albeit erratically. Investor sentiment appears to be negative due to global politics, terrorist threat concerns and election worries, among other factors.

We believe in the strength of the US economy over the long term, and the positive response of US markets to the US economy over the long term.

Need a speaker for an event? Please contact us regarding our many, donor-friendly, educational presentations.

Terri G. Millson, CIMC President

Ray Dicius, GEPC LPL Branch Manager