The other day, someone remarked that the market was doing so well he didn't expect to see a major setback for quite some time. While indeed there is something  to be said about market momentum (the tenancy for an up market to keep moving up), that's just what things looked like before the financial crisis. In the 50 trading days up to the start of the market slide on October 9, 2007, fully 12 of them were days where the market was up over 1% (which is big). Let's just say that momentum works until it doesn't.

 

This is okay news. That's better than not-okay news: 

At the end of May the number of people employed in America finally got above its pre-crisis high. We were at 138 million jobs January 31, 2008, dropped to 130 million 25 months later, and are now back again. However, the unemployment rate is still higher as there are more people in the potential workforce now than then, and even that doesn't include those who gave up trying to find a job.
   

©2014 Personal Money Planning . All rights reserved by Personal Money Planning and content may not be reproduced, disseminated, or transferred in any form or by any means, except with the prior written permission of Personal Money Planning unless specifically noted. (Permission is not difficult to obtain.) The one exception is for downloading and printing information from this newsletter for general education by the original recipient.

DISCLOSURE

This newsletter is produced by Gary Silverman, dba Personal Money Planning, a registered investment advisor located in Wichita Falls, Texas.

Information in this newsletter is believed to provide accurate and authoritative information in regards to the subject matter covered. However, the accuracy, timeliness, or applicability of the information is not guaranteed and is provided with the understanding that we are not rendering legal, accounting, tax, or other professional advice or services.

This publication should not be construed by any consumer and/or prospective client as Personal Money Planning's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Nor should links provided to other sites be construed as the recommendation of the services or products mentioned on those sites. If such services are required, the help of a competent professional should be sought.Remember that past performance may not be indicative of future results. Therefore, you should not assume that the future performance of any specific investment, investment strategy, or product made reference to (directly or indirectly) on this Website will be profitable or equal to indicated performance levels. Different types of investment involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for your investment portfolio.

Historical performance results for investment indexes and categories generally do not reflect the deduction of transaction or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results.

A copy of Personal Money Planning's current written disclosure statement discussing Personal Money Planning's business operations, services, and fees (known as an ADV Part II) is available from Personal Money Planning upon written request (and can be downloaded from our web site).