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Friday, July 2, 2010

Happy 4th of July (waiting for some good news)

It has not been a very happy last few months. It seems all we have heard is bad news , from the oil spill in the gulf to the declining stock market and uninspiring economic data. I have nothing new to say about the markets other than what I have said previously.

I do believe the economy will improve, although it's anyone's guess at what trajectory. In the meantime, it may be a tough summer in the financial markets as a lot of cash continues to wait on the sidelines. However, that cash will eventually be put to work, rewarding the patience of long term investors

I hope everyone has a wonderful 4th of July weekend, a time to celebrate with friends and family the freedoms we enjoy in this country. I 'll finish with a short quote that sums up my feelings about Independence Day:

"You have to love a nation that celebrates its independence every July 4, not with a parade of guns, tanks, and soldiers who file by the White House in a show of strength and muscle, but with family picnics where kids throw Frisbees, the potato salad gets iffy, and the flies die from happiness. You may think you have overeaten, but it is patriotism." ~Erma Bombeck