August 28,2009

The economic recovery is stronger than most believe.  We expect a real robust economy by the fourth quarter of this year.  Perhaps GNP growth as high as 3.5%.  As we thought, the stock market has performed well.  The gains of the last month are justified.  The gains of the next few months will not be as large but, we do look for further gains.  There is very little value in bonds.

Previous entry: July 24,2009

Next entry: September 28,2009