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[Bulletin] Two Explosions at Boston Marathon

Monthly ReportsApril 15th, 2013

About HERON FINANCIAL GROUP, LLC

 

Heron Financial Group is a Registered Investment Advisor serving individuals and families across the United States, Europe, Asia and Latin America.

 

Our clients are corporate executives, managing partners of law firms and consultancies, Wall Street professionals, owners of businesses, and heads of families.

 

Our purpose is to clarify and simplify the means by which our clients will achieve their financial goals.

 

Client relationships range from $500,000 to $10 million in assets.

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Greetings! 

At about 2:45 PM EST, two explosions detonated within yards of the finish line of the Boston Marathon.  The news is not official, but from the nature of the explosions and the coincidence of the proximity to the Marathon, it would seem probable that these were bombs.  Preliminary reports indicate at least two other bombs were found and deactivated.

 

So far, officials report two dead, 28 injured, and we can assume that count will rise through the night.

 

US stocks were having an off day anyway, so today's decline of about 2.3% in the major averages really has nothing to do with the explosion.  Sad but true - these events are always a human tragedy, but never an economic tragedy.  On July 7th, 2005, 4 suicide bombs in the London transport system took the lives of 52 Londoners, with no impact on stock prices beyond the initial shock.  We will NOT be buying or selling stocks on the basis of this news.

 

What is of import is that if this event was indeed a terrorist attack, it would be the first successful attack on US soil since 9/11/01.  Since 9/11, there have been 29 failed terrorist attacks in the United States.

 

As always, please call us at (347) 580-5281 with questions and concerns.

 

 

                                                        Yours sincerely,

 

                                                 DSE

 

                                                         David Edwards
 
                                                        Heron Financial Group, LLC

The HERON FINANCIAL GROUP Financial Markets Commentary is published following month end and whenever market conditions require comment. The views expressed in this letter represent HFG opinion and strategy as of the date published and can change at any time upon receipt of new information. Data quoted in this letter are from sources deemed reliable, but no guarantee of such data is implied.

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