Monday, April 13, 2009

Private Client Commentary - V W or L

Dear Clients,
A dozen television screens set to three different networks descend from the ceiling in the gym where I work out. The other morning I noticed real-time quotes of the Dow, the S&P 500 and the NASDAQ index futures appearing in the lower right corner of each screen. As I glanced at the TVs between every exercise (literally), I felt a subtle rush of positive energy when the futures moved higher (portending a positive open), and felt it wane as the numbers ticked lower (I know many of you can relate).
I made two observations that morning; one being that the stock market has taken center stage in virtually all corners of the media (I keep expecting a ticker to flash on Nickelodeon while my son and I watch SpongeBob), the other being how the moves of the Dow can subtly impact the very quality of our daily experience. Suffice it to say that my workouts are better when the market is better.
Now it

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