|
 J. 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 - 2/28/2011 |
|
|
|
|
|
| Greetings! |
A colleague of mine mentioned to me that, while calling our office this week, he felt it was difficult to get through to my extension. In an effort to make contacting us easier, I want to make you aware that you can dial our extensions any time after the auto attendant picks up.
For example, once you hear our general greeting, if you dial "111" you will automatically get routed to my extension.
I hope this makes it a bit easier to get in touch whenever you wish to speak with us. |
|
|
|
|
Market Commentary |
 Even though just 5% of Libya's oil exports are shipped to the USA, the brutal civil war that has broken out in this North African country has impacted the price of gas that Americans pay at the pumps. In just the last 7 days, the average price of unleaded gasoline nationwide has risen 18 ½ cents, reaching $3.35 a gallon yesterday (2/27/11). Economists fear that our economic recovery could stall if the rising price of oil (which closed at $97.88 a barrel last week) fuels inflation domestically (source: BTN Research). Famous stock investor Warren Buffett has played the role of cheerleader before. On 10/16/08 Buffet wrote his "Buy America, I Am" op-ed article in the New York Times, encouraging investors to "be fearful when others are greedy, and be greedy when others are fearful." Since Buffett penned his letter, the S&P 500 has gained +47.4% (total return) through the close of trading last Friday 2/25/11. Over this last weekend, Buffett released his annual letter to his firm's shareholders, telling nervous equity investors that he still believes America's best days are ahead. Buffett's oftentimes folksy humor typically contains the core of his contrarian discipline. He warns Americans that "no matter how serene today may be, tomorrow is always uncertain. Don't let that reality spook you" (source: Berkshire Hathaway). The countdown to the first federal government shutdown in 15 years is just 4 days away (3/04/11). Republicans want spending cuts for the current 2011 fiscal year, while Democrats favor a short-term 2-week extension at current spending levels so that further negotiations can take place (source: Congress). |
|
Notable Numbers | |
1. BAD DAY - The S&P 500 lost 2.1% (total return) last Tuesday (2/22/11), its worst 1-day performance this year. There were only 10 trading days in 2010 (out of 252 total trading days) when the S&P 500 had a larger decline for the day, most recently on 8/11/10. 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. BORROWING MAXIMUM - The US debt ceiling is currently $14.3 trillion. This self-imposed limit on our country's ability to borrow funds has been increased by Congress 80 times since 1940, most recently in February 2010 (source: Congress).
3. OWN vs. RENT - There are twice as many households that own homes (74.8 million) as there are households that rent a home or an apartment (37.7 million) as of 12/31/10 (source: HUD).
4. THE BIG APPLE - Under current law, a New York City firefighter or police officer can collect a full pension after 20 years on the job regardless of age (source: New York Times). |
Client Spotlight - Februrary 2011
Marc Ensign, Sound-n-Vision | |
Our client in the "Spotlight" for Februrary is Marc Ensign, CEO of Sound-n-Vision. Marc & his wife Aimee, live in Emerson, NJ with their two children.
Q. What is Sound-n-Vision? A. We are a full service Internet marketing company that specializes in professional website design and results driven search engine optimization. Our purpose is to give anyone with a dream the ability to succeed online! Q. What makes you different from your competitors? A. We give our clients goals and dreams the respect they deserve and we get them the results they need. We care more about our clients business than any other web design company out there will. We get to know their companies inside and out and do everything possible to assure they succeed. We are not just their web designer we are their partner and their family. Q. What is search engine optimization and is it necessary? A. Search engine optimization is consistant work that is done to improve the visibility of your website on the search engines. Our search engine programs have gotten our clients in the top 10 of all of the major search engines on hundreds and in some cases thousands of different keywords. Mark Twain wrote that there is no difference between a person that can't read and a person that can but doesn't. The same holds true for your website...there is no difference between having a website that is not properly optimized and showing up on the search engines and not having a website at all. Yes, it's necessary! Q. Are there any industries or companies that you aren't able to work with? A. Only ones that are not interested in growing. Our clients range from local roofing companies to fortune 500 companies to musicians and artists to ice cream manufactures to state run organizations and everything in between. We even have a client that sells Prawns! That's right, PRAWNS! Q. Where can we see some of your work? A. You can see our portfolio and other information on our services by going to www.sound-n-vision.com Q. What is your contact info? A. Marc D. Ensign Sound-n-Vision
19 Spear Road
Suite 107
Ramsey, NJ 07446 Phone: 201.773.4953 Ext. 301
Fax: 201.773.4133
E-mail: marc@sound-n-vision.com
Website: www.sound-n-vision.com
|
|
|
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.
NFP Securities, Inc. does not provide legal or tax advice.
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. |
|
|
