10/22/2007

Imperfect Storm

Hello:

We have some news items that are causing the bears to growl from their dens:

1. Global disturbances in on the Turkish border and in Pakistan that we hope will not get out of hand, but are worrisome. This helps make global and domestic markets
skittish.

2. The IMF reports they believe the dollar is overvalued. This makes us concerned that barrels of oil (priced in dollars) may become even more expensive as oil producers
raise the price of oil to make up for the dropping dollar. This does not bode well for prices at the pump, and/or the cost to heat one's home this winter.

3. Many investment banks, and other companies, using this quarter as the "kitchen sink" quarter, when all bad news is thrown into the earnings report. This makes
domestic investors wary of third quarter earnings in general.

Maybe this is setting up a buying opportunity?

Pleased with the results of the asset allocation plan your organization began years ago? Please feel free to mention our name when you talk about your organization's success. We always make time for your introductions!

Terri G. Millson, CIMA, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager