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| J. PINK ASSOCIATES, INC.,
FINANCIAL ADVISORS
555 Taxter Rd. Suite 190 Ph- (914) 524-7770
Elmsford, NY 10523 Fax- (914) 524-7771
Weekly Market Review |
| Greetings!
Wishing you a wonderful week. |
Over the last 3 months, the value of the dollar has fallen by 5%, playing a significant role in the +20% rise in the price of oil over the same time period. Since oil is priced worldwide in dollars, any fall in the American currency is an immediate hit to oil producers throughout the globe. Not surprisingly, what the oil producing countries lose as a result of the falling dollar, they are able to make-up directly through rising oil prices (source: BTN Research).
The 100th bank failure nationwide of calendar year 2009 occurred last Friday, the highest number the US has had since 1992. However this year's rate of failure (i.e., 1 bank closure every 3 days) has a long ways to go to match the "1 a day" rate that the US experienced over the 5 years of 1987-91, a period that saw 1,901 closures of banks and savings & loans, including 534 alone during 1989 (source: Federal Deposit Insurance Corporation).
The expansion (or shrinkage) in the size of the US economy during the 3rd quarter will be reported by the government on Thursday. The result is expected to show a growing economy after 4 consecutive quarters of contraction (source: Commerce Department). |
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Notable Numbers
1. NOT WHAT THEY EXPECTED - From its bull market peak in October 2007 to its bear market low in March 2009, the S&P 500 fell 57% (i.e., the change of the raw index value not counting the impact of dividends). 28% of more than 3,000 American investors surveyed in May and June 2009 admitted the 57% stock market "peak to trough" tumble came as a "complete surprise" to them. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market (source: Vanguard Center for Retirement Research).
2. WHAT'S FOR DINNER? - The consumer price index (CPI) declined 1.3% for the 1-year ending 9/30/09. One component of the overall index is "food," representing 15% of the total index. The food index declined 0.2% for the 1-year ending 9/30/09, its first year-over-year decrease since April 1967 or more than 42 years ago. The CPI is a measure of inflation compiled by the US Bureau of Labor Studies (source: Department of Labor).
3. BULL INTO BEAR - Since closing on 3/09/09, the S&P 500 has gained +61.8% on a total return basis (source: BTN Research). The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market
4. MILLIONAIRES - As of the end of calendar year 2008, 1 out of every 44 households in the USA had a net worth of at least $1 million not counting the value of their primary residence (source: Census Bureau, Merrill Lynch).
5. THE NEXT MONTH - November has been the 3rd best performing month for the S&P 500 since 1990. Only December and May (both up +1.9% on average on a total return basis) have bested November's +1.5% average gain. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market (source: BTN Research). |
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As always, if there's anything we can help you with, please feel free to call the office anytime.
I hope you have a great week.
Sincerely,
John
John W. Pink, Sr.
J. Pink Associates, Inc., Financial Advisors
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At J. Pink Associates, we do comprehensive financial planning and wealth management for families and small businesses by getting to know the unique details of your financial world and thoughtfully crafting a strategy to identify and support your goals. |
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This material represents an assessment of the market and economic environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed by NFP Securities, Inc. as to accuracy, does not purport to be complete and is not intended to be used as a primary basis for investment decisions. It should also not be construed as advice meeting the particular investment needs of any investor. The indices mentioned are unmanaged and cannot be directly invested into. Past performance does not guarantee future results. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market.
Securities and Investment Advisory Services offered through NFP Securities, Inc. a Broker/ Dealer, Member FINRA/ SIPC and a Federally Registered Investment Advisor.
NFP Securities, Inc. does not offer tax or legal advice
NFP Securities, Inc. Is not affiliated with J. Pink Associates, Inc., Financial Advisors |
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