JP Bio PicJ. PINK ASSOCIATES, Inc.,

FINANCIAL ADVISORS
 
 
555 Taxter Rd. Suite 190                                      Ph- (914)524-7770
Elmsford, NY  10523                                          Fax- (914)524-7771
 
 
500 Summit Lake Dr. Suite 120
Valhalla, NY  10595
Weekly Market Review
 
for the week of - 04/26/2010
In This Issue
Market Commentary
Notable Numbers
Client Spotlight
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Greetings!
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I am happy to report that I have noticed a change lately. I have noticed that people seem to be more focused on getting their financial lives in order. We have been fortunate to start working with several new families. I think with economic news starting to get better and the markets continuing to make gains, people are getting back to taking a more active role in reaching their financial goals. If you, or anyone you know, would like to come in and chat with us about investments, financial planning or insurance, we would love to schedule a visit.
 
I hope you have a great week.

Market Commentary

 
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President Obama traveled to New York City on Thursday (4/22/10) to do a little bit of cheerleading for financial regulatory reform, a little bit of scolding of Wall Street, and a whole lot of pounding on the bully pulpit that only the White House can provide.  Obama called the pending legislation as containing "updated, commonsense" regulations that are necessary to avoid a repeat of the failings of Wall Street in 2008.  Senate Democrats need just a single Republican vote (they need 60 votes in total) to move forward and bring the bill to debate on the floor of the Senate.  The key sticking point is a $50 billion industry-funded pot that would be used when necessary to pay for the orderly break-up of failing financial companies.  Republicans have argued that the creation of such a fund reinforces (rather than diminish) the concept of "too big to fail" (source: Senate).    
 
The S&P 500 closed at 1217 last Friday (4/23/10), a calendar year 2010 high.  The stock index is up +9.8% YTD (total return).  29 of the last 50 calendar years have produced at least a +10% total return for the S&P 500 (source: BTN Research). 
 
Beginning this Thursday (4/29/10), any airline that keeps flying passengers sitting on an airport tarmac for more than 3 hours face a maximum $27,500 per person fine.  The new government rule also requires the airlines to provide workable bathrooms, medical care, food and water after just 2 hours of waiting.  Critics of the rule predict that airlines will cancel more flights in the future than in the past to avoid monetary penalties (source: Transportation Department).

Notable Numbers

 
1.     BULL MARKET DURATION - The bottom of the bear market (and thus the start of a bull market) for the S&P 500 occurred 13 ½ months ago on 3/09/09.  In the last 50 years (i.e., since 1960), the average bull market for the S&P 500 has lasted 55 months.  The shortest bull market in the last half century stretched over a 26-month period during 1966-68.  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).            
 
2.     VERY RARE - There are 306 Americans worth at least $1.4 billion.  There are 309 million American citizens.  Thus, 1 out of every 1 million Americans is worth at least $1.4 billion (source: Forbes).  
 
3.     TWICE AS MUCH - For the 17 years from 1965-1981, the top individual marginal tax bracket paid by American taxpayers was 70%, double the 35% top rate for 2010 (source: Internal Revenue Service).   
 
4.     PROGRESS - 45,000 manufacturing jobs were created in the USA during the 1st quarter of 2010.  606,000 manufacturing jobs were eliminated during the 1st quarter of 2009 (source: Department of Labor).

Client  Spotlight - April 2010

Joe Ruggiero, Dom & Vinnie's Restaurant
 
Butch GilbertOur client in the "Spotlight" for April is Joe Ruggiero. Joe is the Co-Owner of Dom & Vinnie's Restaurant in Yonkers, NY Joe & his wife, Ann, live in Westchester and have three beautiful children.
Q. What type of restaurant is Dom & Vinnie's?
A. An authentic family style Italian pizzeria/restaurant.
 
Q. Where is the restaurant located?
A. 351 Saw Mill River Rd, Yonkers, NY 10701
 
Q. What hours are you open?
A. We're open 7 days a week for lunch and dinner.
 
Q. What is the Phone #?
A. (914) 476-6666
 
Q. Do you have a Website/ Email?
A. Yes, www.DomNVinnie.com / DomNVinnie@yahoo.com 
Q. Has the restaurant won any awards?
A. Yes, several including Westchester Magazines "Voters Choice Award" for best Pizza.
 
Q. Are reservations needed/ suggested?
A. Not usually, if there is a group of 6 or more it would be a good idea. We always do our best to get our customers seated right away.
 
Q. Can you accommodate Catering/ Parties/ Events?
A. Absolutely, we have a second dining room that accommodates up to 40 people or we can supply catering at offsite events.
 
Q. What are a few of your most popular dishes?
A. There are several.
·         Rigatoni Napolitano (W/ moms small meatballs and sauce)
·         Penne Montemara (Shrimp & Arugula in a pink sauce)
·         Chicken Scarparello
·         Veal Chop W/ Cherry peppers  & Potatoes
·         Mom's Homemade Cheesecake
·         Daily Specials are listed on our website along with our regular menus.
 
Q. Sounds like you have a wide variety to choose from?
A. Oh yes, and if there's something a customer wants and it's not on our menu, we'll happily prepare it for them.
 
Q. How did the restaurant get started?
A. My father Dom & my uncle Vinnie opened a pizzeria/restaurant in Ardsley in 1971. Ardsley Pizzeria served pizza in the front and had a small restaurant in the back. My Mom, Maria and Aunt, Ida, ran the kitchen in the back while Dom & Vinnie made pizza in the front. They sold in 1985 and set up shop in the current location in Yonkers.  I took over my father's share of the restaurant around 1996 after finishing Law School at Fordham University. I was only supposed to be here on a temporary basis but I absolutely fell in love with the customers and the business. Although my partner (and cousin) Mike and I run the business now, we keep our parents involved. They're great to turn to for "old fashioned guidance and advice". They also come in every morning and help. My father comes in and bakes all of the breads while my mother makes the pastries every morning.
 
Q. What changes are you most proud of?
A. Keeping the quality and flavor of our foods while modernizing the behind the scenes operations, such as adding a website and delivery on the weekends.
Joe has made this gracious offer to you or any one you refer to his restaurant.
Please go see him. Enjoy!
 
 Enjoy a complementary dessert with the purchase of any dinner entree. (dine-in only)
 
Save 20% off of Dine-in Catering with 15 or more guests.
 
Save 15% off of Take-out Catering purchases of $200.00 or more.  
 
 print this coupon and present to your server         JP Bio Pic  J. Pink Associates.
Offer Expires: 5/31/2010                     Can not combined with any other offers                  
 
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
 
 
At J. Pink Associates, we do comprehansive 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.
 
 
This material represents as assessment of the market and economic environment as a specific point in time and is not intended to be a forecast of future events, or a guarantee of future events, or a guaranteew 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 notpurport 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.  Part performance does not guarantee future results.  The S&P 500 is an unmanaged index of 600 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 Registerd 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.