Out of Mourning

Well, it has been a week and one day since that cold day in Lambeau. I am pretty much out of mourning and mildly interested in the outcome of this Sunday's Super Bowl. Never in my sports spectating life have I witnessed the change in emotion that I witnessed in Lambeau that day. If you have not seen the Rep play, "Musky Love" you need to go. In it the love for our Packers is acted out in a fun and humorous way.

It won't be long and the Brewers will be in action!!

Stocks May Be On Sale

It's interesting that when department stores have sales, people flock to the store to find bargains. I happen to feel stocks may be on sale right now. In looking at recessions in the U. S. going back to 1953, the average recession lasts about 10 months. During these recessions (nine of them) the S&P 500 dropped an average of 25.6% from its peak prior to each downturn to its trough during the recession. It is down 9.8% already in January. According to the January 21, 2008 edition of "Barron's", a feeling that a full-fledged recession is now priced into the bond market and is increasingly priced into stocks is being expressed by investment strategists.

So it might be a good time to go shopping!

Economic Concerns

One of the problems with living in Dane County is that we are quite insulated from the real economic world. Our steady and growing employment base is one of the best in the nation. And while one gets unduly pessimistic if you get all your news from the electronic media, I do feel there are some concerns about 2008. Rising energy and healthcare costs could result in reduced customer spending. However, one thing I think we often forget is how powerful the international economies are to us. Bottom line: there may be lots of opportunities in the equity market right now.