Thursday, December 21, 2006

"Christmas light " gauge gives you a clear indication

December 21, 2006


First I would just like to say have a Merry Christmas and a Happy New Year,

The year end rally seems to have a hit a flat spot and degenerated into directionless trading. One would think with the prospect of a FED rate cut, continued merger and acquisition activity and loads of cash on the side lines would give Santa something to celebrate but with a bit over a week to go in 2006 looks like Santa cant find a parking spot at the mall.

Will the Voters in Iran do what the politicians in the US and Europe are failing to do and stand up to Tyranny? Meanwhile the current currency controls placed on the Tai Bot by the New Tai government later reversed and Russia’s continued consolidation of power and re-nationalization of industries are a reminder of the dangers of emerging market investing.

Many analysts seem surprised by the large increase in retail spending this Christmas season, not this blogger. One look at the age old “Christmas light “gauge gives you a clear indication that the economy is booming. The Christmas light gauge is a theory that’s says when people are flush with cash and spending they feel joy for the season, so the more out door Christmas lights you see house to house the more prosperous people feel about themselves and the economy . It seems a bit of a slow start this year but in the last few weeks people have been decking the halls with close to reckless abandon. Bottom line the more Christmas light you see the more prosperous people feel and the more they spend. Look for a big gain in Christmas retail sales.

I am pleased to announce that I am now able to offer mortgages as a value added service to my customers through Riverview Mortgage located in Rutherford New Jersey.

Loan Products

♦ Purchases
♦ Rate & Term Refinances
♦ Debt Consolidation/Cash-Out Refinances
♦ 1st Time Homebuyer/100% Financing
♦ FHA/VA Loans
♦ Construction and Commercial Loans
♦ Home Equity Lines of Credit – both variable and fixed rates


Don’t forget there isn’t much time left…..
IRA Contribution Limits
YEAR
AGE 49 & BELOW
AGE 50 & ABOVE
2002-2004
$3,000 $3,500
2005
$4,000 $4,500
2006-2007
$4,000 $5,000
2008
$5,000 $6,000

James J Foytlin
1(866)492-3959
1(201)301-2780
fax 1(201)301-2762
www.jamesfoytlin.com

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