December 24, 2009
The day before Christmas has brought us a modest "Santa Claus Rally" in the form of the Dow Jones Industrial Average closing up 54 points and hitting an inter-day high for the year. A pleasant place to be when contrasted with the same time last year: 2000 points below where we are today and facing the then very real possibility of serious financial collapse.
There is much to be thankful for this year and I hope you enjoy a relaxing holiday weekend. Our blog is taking a few days off and will return on Monday 12/28.
George T. Conboy
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).