High Yield CD's

COLUMBIA COMMUNITY BANK

6 Months
196912BC2
FIXED
4.950
10/04/2007




MORGAN STANLEY BANK

6 Months
61747MKM2
FIXED
5.000
10/04/2007




LASALLE BANK, NA

9 Months
51804LDY7
FIXED
5.000
01/04/2008




WESTERNBANK PUERTO RICO

1 Year
95989PN88
FIXED
5.050
04/04/2008




COMMERCEBANK, NA

2 Years
20084SAD7
FIXED
5.150
04/11/2009
07/11/2007




CITIZENS NATIONAL BANK,

4.5 Years
17476NBT4
FIXED
5.300
10/07/2011
07/09/2007



For further information



Contact James Foytlin



Toll free 1(866)492-3959

Its about Oil again ....

The reemergence of the Middle Eastern premium …yes that’s the ticket; it seems that it won’t be long before the advance in oil prices will begin to take its toll on global markets and cut short the current rebound rally.

It time for the TALK again ,the Fund Manager Full Employment Act (Asset Allocation theory)

Another hole in the Fund Manager Full Employment Act (Asset Allocation theory) has popped up in recent months, according to Bloomberg News, ”The average daily correlation of returns for Morgan Stanley Capital International's World and Emerging Markets Indexes has climbed to the highest since at least 1988. The S&P 500 and Japan's Nikkei 225 Stock Average, along with the Nikkei and Europe's Dow Jones Stoxx 600 Index, are tracking each other's daily returns by the most since at least 1987, data compiled by Bloomberg show. Shares in the U.S. and Europe have the second- highest correlation in 20 years.” Also according to the same source this year, the average daily correlation between the MSCI World gauge tracking developed markets and MSCI's measure of emerging markets increased to 0.87, according to Bloomberg data, which dates back to 1988 for that comparison. A correlation of 1 means stocks are in lockstep, while minus 1 indicates stocks are moving in opposite directions. So it seems proof that global markets are more correlated than ever before. As I have said many times when your broker gives you the talk (Asset Allocation Theory) better take a walk.

Out of the Office Next Week

I will be out of the office Tuesday the 20th till Monday the 26th on business if you need me give my cell a buzz at 1(201)966-7788. I can carry on a full range of business.

lender of last resort

March 13,2007

Hello,
The Sub prime mortgage market continues to be the point of contention. The issue now is to gauge the depth of how far reaching into the over all financial system. At this juncture with interest rates still very low and many of the defaults concentrated I am not sure we will see the contagion that many fear. The structure of mortgage companies suggest to me that the net of effect of the current sub prime debacle will be to slow down the real estate business even more as lenders raise credit standards and perhaps hurt some of the providers of capital to sub prime lenders or lenders of last resort. This should provide investors with many opportunities to pick up financials and some backs at discounts, but do your home work !

Ok so you didn’t panic .Weather you stayed cool or are just in plain denial now is the time to reposition your portfolio for the next move. Investors need to have an action plan. Rank your holdings into one of four groups,

The stocks you want to buy no matter what.
The Stocks you'd buy if they dropped in price.
The stocks you'd sell if they moved higher.
The stocks you want to sell. Period

Now is the time to sell stocks you want to sell, period and use that cash to reconfigure your portfolio.

James Foytlin
Investment Representative
Horwitz and Associates
1(866)492-3959

geez its the weather silly

The Market is down a bit early today apparently being done in by the continued deterioration in sub prime lending and the fact that economists continue to be surprised that retail sales were slow in the seasonable slow and very cold and stromy February . The late day sell off looks like the market didn’t make a true low and is still searching for a bottom, perhaps somewhere under 12000.

in the news

Russia warned Iran Monday to expect delays in launching the country's first atomic power station, adding to mounting pressure on Tehran to compromise with the international community over its controversial nuclear programme. Amid signs of frustration in Moscow over Iran's combative stance, state contractor Atomstroiexport announced that Iranian financial problems mean a probable set-back in completing the power station at Bushehr in southern Iran. "Insufficient financing of the project means that there is a real delay in the timetable. The delay will probably be two months, according to experts," Atomstroiexport spokeswoman Irina Yesipova told AFP.

MINNEAPOLIS - A North Pole expedition meant to bring attention to global warming was called off after one of the explorers got frostbite. The explorers, Ann Bancroft and Liv Arnesen, on Saturday called off what was intended to be a 530-mile trek across the Arctic Ocean after Arnesen suffered frostbite in three of her toes, and extreme cold temperatures drained the batteries in some of their electronic equipment. (YHOO NEWS)

Hollywood has a thing for Al Gore and his three-alarm film on global warming, “An Inconvenient Truth,” which won an Academy Award for best documentary. So do many environmentalists, who praise him as a visionary, and many scientists, who laud him for raising public awareness of climate change.But part of his scientific audience is uneasy. In talks, articles and blog entries that have appeared since his film and accompanying book came out last year, these scientists argue that some of Mr. Gore’s central points are exaggerated and erroneous. They are alarmed, some say, at what they call his alarmism. (NYT)

GENEVA (Reuters) - The Internet's key site identity system is in mounting danger from new techniques that could cause havoc by turning it into a free-for-all market, the World Intellectual Property Organization WIPO warned on Monday.

Federal Deficit Down Sharply This Period

Mar 12 09:29 PM US/EasternBy MARTIN CRUTSINGER
The deficit for the first five months of the budget year is down sharply from a year ago as the growth in government tax collections continues to outpace growth in spending.
The Treasury Department reported that the deficit from October through February totaled $162.2 billion, down 25.5 percent from the same period last year.
That improvement came even though the deficit in February hit $120 billion, up 0.6 percent from last February's deficit of $119.2 billion.
The government had larger-than-expected surpluses in December and January.
For the budget year that began Oct. 1, revenues are up by 9.3 percent to a record $954.4 billion.
Spending for the period also set a record at $1.117 trillion, but that 2.3 percent rise was slower than the growth in revenues, resulting in a lower deficit.
The Bush administration is forecasting that the deficit for this year will total $244 billion, a slight improvement from the $248.2 billion actual deficit for the 20006.
However, the Congressional Budget Office is more optimistic, forecasting that the deficit for the current budget year should decline to $214 billion. That forecast assumes that Congress will approve President Bush's supplemental spending request for the war in Iraq.
The $248.2 billion deficit for 2006 was the smallest deficit in four years and down significantly from the all-time high, in dollar terms, of $413 billion in 2004.

some interseting quotes and interesting news

BAGHDAD (AP) -- The leader of the al-Qaida-affiliated Islamic State of Iraq has been captured in a raid west of Baghdad, an Iraqi military spokesman said Friday. Abu Omar al-Baghdadi was captured Friday in a raid in Abu Ghraib on the western outskirts of Baghdad, said Brig. Gen. Qassim al-Moussawi, spokesman of the Baghdad security operation. U.S. officials had no confirmation of the capture.

“The Bolsheviks are already in Congress and could storm the White House," (Jim) Cramer (of CNBC) said in reference to Democrats.

WASHINGTON, March 9 (UPI) -- Environmentalism is a religion that is based more on political ambitions than science, the president of the Czech Republic warned Friday.

March 7 (Bloomberg) -- Nick Leeson, the rogue trader whose wrong-way bets on Japanese stocks ruined Britain's oldest merchant bank, said he may go back to trading full-time with only his own money at stake.

March 7 (Bloomberg) -- An Eastern European crime ring netted at least $733,000 in illegal profit using trading accounts at TD Ameritrade Holding Corp. and six other firms, in the biggest fraud yet uncovered by a U.S. probe of online stock manipulation.

Goldman Sachs partner Duncan Niederauer, slated to join the Big Board as president and co-chief operating officer early next month, has floor traders ticked off over a remark he made several years ago in which he said in effect that he didn't want his stock trades completed by "five guys named Vinnie." (NEW YORK POST)

March 9, 2007 -- Those e-mails clogging inboxes with stock picks that promise instant wealth aren't just annoying, but in fact may be illegal, Securities and Exchange Commission officials said yesterday after announcing a massive crackdown on so-called Internet spam. (NEW YORK POST)

The role of nuclear power in Europe received an unexpected boost yesterday as EU leaders hailed a landmark climate change deal to reduce greenhouse gas emissions and switch to renewable fuels. (TIMES ON LINE)

"We're getting results back that indicate we're getting very strong immune responses in these individuals these people who received our (AIDS)vaccine," said Don Hildebrand, the president and CEO of GeoVax Inc., the company spearheading the research in collaboration with Emory, the Centers for Disease Control, and the National Institutes of Health.

perhaps there is just too much bull?

Ok I’ll admit it yes I got a buy signal and yes I was aware of the low volatility and investor apathy toward risk ,but what I thought out weighs all was the sheer fact that the US market has so significantly under performed since 2000 and has by my measurements not even keep up with inflation ,while the economy has steamed along very nicely. What do I think now ,well I think that we will come roaring out of this correction when its finished .The DOW looks like it needs to go a bit under 1200 and the S&P looks to go a bit under 1320. As for NASDQ the jury is still out for me but my first guess is 2300 then as low as 2150-2100. My biggest issue again is there is just way to much bullishness especially by Wall Street firms…

Darkest be fore the dawn or just too bullish ?

Again I would pint out that I have been very hesitant on emerging markets for some time and simply couldn’t understand the continued out sized gains in this sector. With much of the emerging world being captivated by the creeping red disease it has been very hard to justify the recent level of activity. So China gets a margin call and Ka-boom .Meanwhile the USA is still waiting for the other shoe to drop and given the last several years the darkest hours are always a precursor to large gains I would suggest that once this is over the market may make a significant move up ward .Remember better to buy low and sell high than buy high hoping to sell higher. The one thing that continues to haunt me is the level of optimism, people are just too bullish and it scares me.