The Markets
 

Regardless of which side of the isle you find yourself, I believe everyone can agree that with the Democrats taking over the House and Senate change is in the air. How this will impact the markets remains to be seen. Movements for which Democrats are well known such as increased social spending and possibly an increase (or at least a roll back) in income taxes may make the market a bit shaky. However, reigning in our budget deficit could be cause for market celebration. When the Democrats find their direction and if they are able to implement their agenda will most certainly impact the market.

Economic reports this month show signs of weakness and strength. Housing starts are at a six year low and some areas are seeing a slow down in economic growth. Yet, oil costs continue to decline and companies continue to report positive earnings figures.

Despite the mixed news, most of the major indices find themselves up roughly 2 1/2% this month. The most significant factor for the market may be the retail numbers for the start to holiday shopping. Many feel that this year will be a very good year for retailers. If the results do not match expectations, we could see the market pull back prior to year's end. Favorable results could help the Fall rally continue to the start of 2007.

I believe that the markets will remain strong for the rest of 2006. The markets may, however, over heat themselves which may be cause for a pull back in early 2007.

It is important to weigh any significant market changes in with your overall wealth planning. Other areas of your finances are impacted by the performance of your investments. These include your income taxes, estate plan, insurance needs, and retirement/other savings goals. Make sure to review your plan every three years or as significant financial changes arise.

Research Publications 

 The Office
 

Our economy continues to become more service driven, yet the quality of service we receive seems to be on the decline. In order to help us stand out from the crowd and to provide the highest level of service to our clients, we have been developing new ideas to augment what we currently provide. While everyone can expect to receive the same services that we have provided in the past, most clients will see an increase in the quality and quantity of services provided. Look for our new client service models during your next appointment.

Our office will be closed on Friday, November 24th. If you have any trade related concerns, please call Linsco Private Ledger's home office at 800-877- 7210. If you have an issue that requires immediate attention from us, you may call Woody on his cell at 443-600-2633. Have a Happy Thanksgiving!

 

 The Family
 

Well, she did it. Heidi finally had her chance to skydive, and she is still in one piece. Heidi had a great time and the company that she used was wonderful. She is already talking about her "next time." I have to admit that they made it look no worse than a ride at an amusement park, but do not look for me falling from the sky just yet...

As you must already know, our personal lives revolve around our dog, Fenway. Earlier this month we took Fenway to see his siblings. We had a great time. Five of the six in his litter were in attendance, and they behaved just like people: the boys wrestled and the girls sat on the side watching (most likely mocking the boys). We hope to have more opportunities for the dogs to visit each other over the years.