Videos

Here are two short videos on our managed account programs. They were filmed in mid-November:

http://www.etfportfolios.net/videos11/index.html

David Vomund

Economic Outlook Part II

In our August 17 blog we boldly predicted the economy would grow by at least 3% in the third quarter. Thursday's report showed growth at 3.5%. We also said when that happens stocks would be far higher. Back then the Dow was at 9135. Now it stands at 9700. I expect slower growth in the fourth quarter, but still growth nontheless.

Those who invest in the market based on today's news will once again be on the wrong side. Notice the Dow's crossing of 10,000 was not a new buy signal. It was a time of profit taking. The positive GDP number was not a new buy signal. It will likely be a time to reduce market exposure. We moved client portfolios away from fully invested on October 15.

Video Series

Here are three short videos on the market and our managed account programs:

http://www.etfportfolios.net/videos9/index.html

David Vomund