April 9, 2010

Another quarter has passed and I hope this finds you well.  On the investment front the market is moving up nicely and consumer confidence is rising which is a good indicator.  In February it was 46.4 and in March it was 52.5.  While this is significantly below the pre-market crash anything above 50 is considered good and if rising says things are getting better.

We now have ObamaCare in place and I am hoping that the unintended consequences of it will not be as bad as a lot of pundents are predicting.  It is a massive piece of legislation and if the costs are different from what they predict it could head us down a fiscal path which is very undesirable.  I am concerned that no major government program has ever come in under budget and if this follows that same path it is troubling.  The best example I can give to you is a documentary done by Frontline and I strongly recommend that you take the time to see it; type in the following link www.iousathemovie.com.  Click on this link and watch the 30 minute movie, it will give you an idea of where we are before Obama Care.

The unemployment numbers which will come out this Friday, April 2nd will be telling on which way I would expect the market to go.  If unemployment numbers are up I would expect a dip in the market.  If they are down then I would expect the market to continue its rally.

I thank you again for your continued trust and if you have any questions or concerns please feel free to contact us at (303) 220-5525.

Yours truly,

Willis

Willis Ashby, CFP®

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