12/11/2006

Ho Ho Hum

Hello:

The market appears to be shrugging off good news and bad news at this time, with a Ho-Ho-Hum attitude as we near the holidays. The FOMC will meet this week, and is anticipated to keep interest rates level. The good news is that pension money appears to be keeping the market in a slow uptrend and that Friday's jobs report hints at a soft landing for the U.S. Economy.

Is your organization planning on getting a written investment policy statement next year? Be sure to contact us, or visit our website, www.foundationservicesgroup.com, for more information on our consulting services.

Terri G. Millson, CIMA, CIMC President