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Weekly Commentary – June 13, 2011

Posted in Uncategorized, tagged atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, estate planning, find a financial advisor in atlanta, income planning, Investing Advice, retirement, safe money, Your Financial Life on June 16, 2011 | Leave a Comment »

THE MARKETS:

With hiring at a crawl, home prices at a low, consumer and business spending slowing, and the stock market logging its sixth straight week of losses, headlines continue to declare doom and gloom.[i] As is frequently the case, all this negative press has caused investor sentiment to swing wildly. The latest American Association of Individual Investors (AAII) survey shows that bearish sentiment jumped 14.2% last week alone.[ii] Despite the bearish sentiment though, there are positive markers that bode well for a slow-growth recovery.

While leading economists have trimmed their forecast for 2011 GDP growth to 2.7% from 3% a month ago, they are still predicting stronger growth for the second half of the year. 2.7% isn’t that far off the 2.9% growth we saw in 2010.[iii] Additionally, manufacturing continues to expand and the ISM Non-Manufacturing Index for May reported that economic activity grew in May for the 18th consecutive month, providing a pleasant surprise last Friday.[iv] And while U.S. supply was significantly reduced in the auto and technology sector as a result of the earthquake in Japan, the problems are being steadily resolved.[v]

Lower commodity prices are also a positive side effect of slowed growth. All things being equal, as commodity prices fall, growth prospects improve. In fact, Goldman Sachs Group recently turned bullish on commodities, making the case that dropping prices will stimulate growth and send commodity prices rising again.[vi] This aptly illustrates the cyclical nature of our economy.

Strong corporate earnings have allowed for cheaper stocks. Interest rates remain extremely low and aren’t expected to start rising until at least a year from now. [vii] U.S. exports climbed to an all-time high on Thursday, increasing to $175.6 billion in April,[viii] and now comprise 13% of the GDP.[ix] As you can see, there is still a lot of positive information out there.

Market sentiment and media reports often go hand-in-hand. When circumstances seem glum, the good news tends to get buried behind fearful forecasts. And while it can be tempting to go with the flow and join the ranks of anxious investors, we urge you to examine every part of the economic picture before drawing conclusions.

ECONOMIC CALENDAR: Tuesday – Producer Price Index, Retail Sales, Business Inventories Wednesday – Consumer Price Index, Empire State Mfg Survey, Industrial Production, Housing Market Index, EIA Petroleum Status Report
Thursday – Housing Starts, Jobless Claims, Philadelphia Fed Survey Friday – Consumer Sentiment

Data as of 06/10/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	-2.24	1.06	16.9	0.30	0.05
Dow	-1.64	3.23	17.5	1.95	0.89
NASDAQ	-3.26	-0.34	19.2	4.76	1.94
MSCI EAFE	-2.95	1.56	24.6	1.48	2.36
10-year Treasury Note (Yield Only)	3.00	NA	3.32	4.98	5.33

Notes: All index returns exclude reinvested dividends, and the 5-year and 10-year returns are annualized.
Sources: Yahoo! Finance, MSCI Barra. Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. NA means not available.

HEADLINES:

Oil prices fell 2.5% Friday on reports that Saudi Arabia plans to increase production 13% to 10 million barrels per day. The increased production is expected to slow this year’s 26% rise in oil prices and the 2% increase in gasoline.[x]

The Fed will buy $50 billion of Treasury’s in the final series of government bond purchases that marks the last phase of QE2. Launched in November 2010, the purchases will end June 30, though the stimulus will continue with the Fed reinvesting maturing securities.[xi]

The White House confirmed that it is considering cutting the payroll taxes that businesses pay. In December employees began paying 4.2% of their wages, two percentage points less than usual, while employers continue to pay the standard 6.2%. The potential policy change hopes to improve employment numbers by promoting hiring.[xii]

Paying a total of $2,626,411, an anonymous donor has won lunch with Warren Buffett. Already winning the eBay auction, the bidder topped their previous offer by $100. Proceeds from the auction benefit Glide, an organization that benefits poverty-stricken residents of the San Francisco Bay area.[xiii]

QUOTE OF THE WEEK:

Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude. – Thomas Jefferson
RECIPE OF THE WEEK:

Strawberry Bruschetta

From: Better Homes and Gardens
Makes 24 servings.

Ingredients:
1 8-ounce loaf baguette-style French bread

1 8-ounce tub cream cheese

1 tablespoon honey

2 cups strawberries, sliced

1/4 cup strawberry jelly

Directions:

1. Heat oven to 375 degree F. Cut bread into 24 slices about 1/4-inch thick. Place in a single layer on an ungreased cookie sheet. Bake about 10 minutes or until lightly brown, turning once.

2. Stir together cream cheese and honey; spread on one side of each bread slice. Arrange strawberry slices on the cheese. Heat jelly in a custard cup in a microwave oven on high power for 30 seconds; stir (or heat and stir in a small saucepan until melted). Brush jelly over strawberries. Makes 24 servings.

Make-Ahead Tip:

Toast the bread and store in a covered container at room temperature up to 2 days or freeze up to 1 month. Stir together the cream cheese and honey; cover and refrigerate up to 2 days.

GOLF TIP OF THE WEEK:

Focus on the Finish

A good finish is the bookend to a good swing. While practicing, one of the best ways to develop a proper finish is to start at the address position and slowly take your club to the finished position with no back swing. Pose in a perfect follow-through, hold the pose, and feel it. Once you sense what a good finish position feels like, make a slow, short swing such as a chip or pitch that concludes in that exact position and pay no attention to your back swing for the moment. Just make a swing that finishes in this balanced follow-through position. Repeat the drill several times, and slowly work your way back up to a full swing.

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Investment advisory services offered through Calandra Wealth Management, LLC. – A Georgia Registered Investment Advisor.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets as represented by 21 major MSCI indexes from Europe, Australia and Southeast Asia.

The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.

These are the views of Platinum Advisor Marketing Strategies, LLC, and not necessarily those of the named representative or named Broker dealer, and should not be construed as investment advice. Neither the named representative nor the named Broker dealer gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial advisor for further information.

By clicking on these links, you will leave our server as they are located on another server. We have not independently verified the information available through this link. The link is provided to you as a matter of interest. Please click on the links below to leave and proceed to the selected site.

[i] http://money.cnn.com/2011/06/10/news/economy/recession_economic_survey/index.htm?iid=EL

[ii] http://www.aaii.com/sentimentsurvey

[iii] http://money.cnn.com/2011/06/10/news/economy/recession_economic_survey/index.htm?iid=HP_LN

[iv] http://www.ism.ws/ISMReport/nonmfgROB.cfm

[v] http://www.smartmoney.com/invest/stocks/why-the-market-worrywarts-are-wrong-1307117379674/

[vi] http://www.smartmoney.com/invest/stocks/why-the-market-worrywarts-are-wrong-1307117379674/

[vii] http://www.smartmoney.com/invest/stocks/why-the-market-worrywarts-are-wrong-1307117379674/

[viii] http://www.nytimes.com/2011/06/10/business/10markets.html

[ix] http://online.wsj.com/article/BT-CO-20110609-708605.html

[x] http://www.businessweek.com/ap/financialnews/D9NP4RCG1.htm

[xi] http://www.cnbc.com/id/43356436

[xii] http://blogs.marketwatch.com/election/2011/06/10/employer-payroll-tax-proposal-panned/

[xiii] http://money.cnn.com/2011/06/10/news/companies/buffett_lunch/index.htm?iid=HP_LN

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Weekly Commentary – May 23, 2011

Posted in Uncategorized, tagged atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, estate planning, financial advisor, Investing Advice, safe money, Your Financial Life on May 23, 2011 | Leave a Comment »

THE MARKETS:

The sovereign debt situation in Europe and particularly in the PIIGS (Portugal, Italy, Ireland, Greece, and Spain) has been a feature in the news since early last year. In recent days though, additional attention has been drawn to this issue as international ratings agency, Fitch, lowered Greece’s credit rating further into junk status Friday. They also warned that any attempt to extend the maturities of Greek sovereign debt would be treated as a default.[i]

Likewise illuminating the significance of this problem, eighty-five percent of international investors surveyed by Bloomberg last week said Greece will probably default on its debt, with majorities predicting the same fate for Ireland and Portugal. The European Commission said on May 13 that Greece’s debt will reach 166 percent of gross domestic product next year, the highest for any country in the euro’s history.[ii]

Perhaps you are wondering why debt problems on the other side of the world matter here in the U.S. Admittedly, Greece’s annual output is only about one-half of one percent of the world’s output and less than three percent of Europe’s GDP[iii]. But if the problems extend into other Eurozone countries, triggering additional defaults, a slowdown in European growth could occur, creating further drag on the world economy.

To bring matters closer to home, with U.S. debt projected to grow more than 275 percent by 2035[iv], the U.S. has financial problems too. American political leaders disagree on how to solve these problems just as Greece’s leaders do. This is another reason why many people are watching Europe so closely – they recognize that important lessons can be learned by evaluating how debt problems abroad are resolved.

No one can say with certainty how the sovereign debt crisis will be resolved. Regardless of what happens though, rest assured that we will continue to monitor the situation both domestically and abroad, and will keep you informed about anything with the potential to affect your finances.

ECONOMIC CALENDAR:
Tuesday: New Home Sales
Wednesday: Durable Goods Orders, EIA Petroleum Status Report
Thursday: GDP, Jobless Claims, Corporate Profits
Friday: Personal Income and Outlays, Consumer Sentiment, Pending Home Sales Index

Data as of 05/20/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	-0.34	6.01	24.4	1.05	0.32
Dow	-0.66	8.07	24.3	2.46	1.07
NASDAQ	-0.89	5.67	27.2	5.56	2.75
MSCI EAFE	-0.21	3.88	28.6	0.21	2.25
10-year Treasury Note (Yield Only)	3.19	NA	3.26	5.05	5.39

HEADLINES:

The average U.S. price of a gallon of gasoline has dropped about 9 cents over the past two weeks bringing the national average for a gallon of mid-grade to $4.05. For premium it’s $4.16 a gallon.[v]

With the effects of the earthquake in Japan rippling through the auto industry and causing shortages, prices are rising for both new and used cars. It is also anticipated that fewer models and options will be available come summer, especially for the hybrids and fuel-efficient vehicles that Japan produces.[vi]

Oil slid to its lowest price in almost three months last week as a stronger dollar, increasing crude-oil stockpiles, and decreasing demand all took a toll on prices. Crude oil for June delivery dropped 46 cents to $96.91 a barrel on the New York Mercantile Exchange, the lowest settlement since Feb. 22.[vii]

The number of American households behind on mortgage payments hovered at its lowest level in nearly two years during the first quarter, but the number of borrowers in foreclosure stayed near record high levels, the Mortgage Bankers Association said on Thursday.[viii]

QUOTE OF THE WEEK:

“Don’t find fault, find a remedy.” – Henry Ford

RECIPE OF THE WEEK:

Berry-Lemon Trifle

From: Better Homes and Gardens

Ingredients:

2 cups cubed angel food cake

1 8-ounce carton lemon low-fat yogurt

1/4 of an 8-ounce container frozen light whipped dessert topping, thawed

1 cup mixed berries

Fresh mint (optional)

Directions:

Divide angel food cake cubes among 4 dessert dishes. In a small mixing bowl fold together the yogurt and whipped topping. Dollop yogurt mixture atop cake cubes. Sprinkle with berries. If desired, garnish with fresh mint. Makes 4 servings. Total preparation time is 15 minutes.

GOLF TIP OF THE WEEK:

Take a Deep Breath

Taking a deep breath before you swing will help put oxygen in your system and keep your head clear. It gives your cells energy to allow your muscles to perform their best. Put simply, deep breathing helps you hit better shots. Why do you think most basketball players precede their free throws by taking a few good, deep breaths? Many bad swings are made during moments when we are short of breath. Why do you think they call it choking? So take a deep, relaxed breath before you swing.

Insert your broker/dealer disclosures here. i.e. Securities offered through “Your B/D Name Here,” Member FINRA/SIPC.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[i] http://www.marketwatch.com/story/fitch-cuts-greece-warns-against-re-profiling-2011-05-20

[ii] http://www.bloomberg.com/apps/news?pid=20601087%20&sid=aV6fzL4vHVrQ

[iii] https://www.cia.gov/library/publications/the-world-factbook/geos/gr.html

[iv] http://www.cbo.gov/ftpdocs/108xx/doc10871/frontmatter.shtml

[v] http://www.chicagotribune.com/news/local/chi-ap-us-gasprices,0,2189289.story

[vi] http://www.latimes.com/business/autos/la-fi-autos-buying-20110522,0,5320016.story?track=rss

[vii] http://www.bloomberg.com/news/2011-05-17/oil-falls-as-u-s-housing-starts-decline-damping-economic-growth-optimism.html

[viii] http://online.wsj.com/article/SB10001424052748704816604576333222700445278.html?mod=googlenews_wsj

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Weekly Market Commentary – April 18, 2011

Posted in Uncategorized, tagged atlanta financial advisor, atlanta wealth manager, financial advisor, Financial Planner, find a financial advisor in atlanta, Investing Advice, Money Advice, Phil Calandra, Wealth Management, Your Financial Life on April 20, 2011 | Leave a Comment »

Weekly Market Update
Week of April 18, 2011

THE MARKETS:

In spite of a rocky start to earnings season, promising economic news helped reassure investors this week. Stocks even managed to post modest gains on Friday in response to the hopeful signs.

Aside from food and gas prices, the Labor Department reported that consumer prices rose just 0.1% in March, lower than the predicted 0.2%.[i] With prices inflating slower than expected, Americans got a break. And in today’s economy, consumers need every break they can get. When prices are lower, people tend to feel better and spend more – good news since consumer spending accounts for about 70% of the total U.S. economy.[ii]

Signs show that Americans are also feeling more optimistic. The U.S. consumer sentiment index rose from 67.5 in March to 69.6 in April, beating expectations.[iii] This increase could be partially attributed to the addition of jobs for six straight months and an unemployment rate sitting at a two-year low.[iv] These positive numbers indicate job gains are helping Americans manage rising fuel costs and maintain a positive outlook.[v]

Industrial production increased for the ninth straight month in a row, rising 0.8% in March, and factory production increased 9.1% in the first quarter.[vi] Total industrial production was 5.9% above its year-earlier level.[vii] These numbers are all higher than forecast last month, and are a good sign that factories will keep driving the U.S. economy.[viii]

These indicators show that prices are down, optimism is up, and factories are producing at higher levels than last year; all signs that our economy is still making progress. Earnings season will kick into high gear this week as Wall Street gets quarterly results from 110 members of the S&P 500, giving us a broad view of how Corporate America is doing.

ECONOMIC CALENDAR: Monday – Housing Market Index Tuesday – Housing Starts, Redbook Wednesday – Existing Home Sales, EIA Petroleum Status Report
Thursday – Jobless Claims, Philadelphia Fed Survey, Leading Indicators Friday – U.S. Market Holiday: Good Friday Observed

Data as of 04/15/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	-0.36	4.93	10.7	0.19	0.66
Dow	-0.32	6.60	12.0	1.90	1.63
NASDAQ	-0.25	4.21	11.4	3.47	3.30
MSCI EAFE	-0.34	4.69	8.47	0.12	2.65
10-year Treasury Note (Yield Only)	3.57	N/A	3.77	4.97	5.12

HEADLINES:

Congress sent President Barack Obama legislation cutting a record $38 billion from federal spending on Thursday. This measure will finance the government through the September 30^th end of the budget year.[ix]

Bank of America’s first-quarter income fell 39% on higher costs related to its mortgage business and litigation. The bank also settled a claim over faulty mortgage investments and set aside less money to cover bad loans. The earnings fell short of the 28 cents a share estimated by analysts surveyed by FactSet and revenue fell to $26.9 billion from $32 billion in the same period last year.[x]

The first settlement with the Securities and Exchange Commission (SEC) could be reached as soon as next week. The securities regulator is in talks with major Wall Street banks to settle fraud allegations relating to the sale of toxic mortgage bonds to various investors that helped unleash the financial crisis.[xi]

QUOTE OF THE WEEK:

It is hard to fail, but it is worse never to have tried to succeed. – Theodore Roosevelt

RECIPE OF THE WEEK:

Goat Cheese Pastry Rounds

From: Better Homes and Gardens

Ingredients:

1/2 of a 17.3-ounce package frozen puff pastry (1 sheet), thawed

Tomato preserves or favorite fruit preserves* (about 3 tablespoons)

3 2- to 2-1/2-inch diameter rounds goat cheese (3 to 4 oz. each)

1 egg, beaten

Fresh figs or grapes (optional)

Directions:

1. Preheat oven to 400 degree F. Line a baking sheet with foil; grease foil. Set aside.

2. Unfold pastry on a lightly floured surface; roll into a 12-inch square. Cut pastry into four 6-inch squares. Place 1 tablespoon preserves in center of 3 of the pastry squares. Place goat cheese atop preserves. Bring edges of pastry up and over cheese rounds, pleating and pinching edges to cover. Sea; trim excess pastry. Invert and place on prepared baking sheet, smooth side up. Brush pastry with egg. Cut small slits in pastry for steam to escape. Cut remaining pastry square into decorative leaves; place atop brushed pastry and brush with additional egg.

3. Bake for 20 to 22 minutes or until pastry is golden brown. Let stand 15 to 20 minutes before serving. If desired, serve with fresh figs. Makes 12 servings.

GOLF TIP OF THE WEEK:

What the Perfect Swing Looks Like
By Michael Lopuszynski

The Problem:
You’re hitting too many slices and your swing just never feels right.

The Solution:
Most of us are taught to swing down the target line, which actually causes your arms to fly away from your body. The result is inconsistent contact and a swing you can’t repeat. The only time your clubface should point down the target line is when you contact the ball. The swing path should start inside and intersect the target line only just before impact and then start back inside right after impact. This circular swing keeps your body and arms connected, which helps you strike the ball with power.

Try This:
On the range, stop your arms at impact and allow your body rotation to bring the club back inside on your follow-through. This will ingrain the proper clubhead path after impact.

Insert your broker/dealer disclosures here. i.e. Securities offered through “Your B/D Name Here,” Member FINRA/SIPC.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[i] http://www.msnbc.msn.com/id/42605261/ns/business-eye_on_the_economy/

[ii] http://www.bloomberg.com/news/2011-04-15/consumer-sentiment-in-u-s-rises-more-than-forecast-in-third-monthly-gain.html

[iii] http://money.cnn.com/2011/04/15/markets/markets_newyork/index.htm

[iv] http://money.cnn.com/2011/04/15/markets/markets_newyork/index.htm

[v] http://www.bloomberg.com/news/2011-04-15/consumer-sentiment-in-u-s-rises-more-than-forecast-in-third-monthly-gain.html

[vi] http://www.msnbc.msn.com/id/42605261/ns/business-eye_on_the_economy/

[vii] http://www.bloomberg.com/news/2011-04-15/u-s-march-industrial-production-and-capacity-report-text-.html

[viii] http://www.bloomberg.com/news/2011-04-15/u-s-industrial-production-increased-0-8-in-march-fed-says.html

[ix] http://www.msnbc.msn.com/id/42587459/ns/politics-capitol_hill/

[x] http://www.msnbc.msn.com/id/42607719/ns/business-eye_on_the_economy/

[xi] http://www.msnbc.msn.com/id/42605827/ns/business-eye_on_the_economy/

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Weekly Market Commentary – April 11, 2011

Posted in Uncategorized, tagged atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, estate planning, find a financial advisor in atlanta, income planning, investing, Investing Advice, Money, Phil Calandra, planning, retirement, tax planning, Wealth Management, Your Financial Life on April 14, 2011 | Leave a Comment »

Weekly Market Update
Week of April 11, 2011

THE MARKETS:

Fears of a government shutdown loomed large last Friday night. With less than an hour to spare, Congress pushed through a last-minute spending bill – the seventh in the past six months – which cut $2 billion and allows agencies to spend money through April 15. By that time, lawmakers expect to determine a budget for the remaining six months of the fiscal year.[1] It is interesting to note how awareness of the potential shutdown affected investors.

As a result of the budget impasse, a sharply weaker dollar led investors into oil and commodities, while U.S. stocks fell.[2] As we’ve mentioned before, equity markets don’t like uncertainty, and the exodus we saw on Friday is a classic example of this fact. At a time when concerns regarding the Middle East situation has sent oil prices surging, and the Japanese disaster has impacted supply chains,[3] reaching a deal was extremely important. The last-minute agreement keeps 800,000 government workers on the job and a variety of services, from passport issuing to tax collecting, up and running. It also allows the military to continue receiving their paychecks.[4]

“Both sides had to make tough decisions and give ground on issues that were important to them,” President Obama said. “But beginning to live within our means is the only way to protect those investments that will help America compete for new jobs.” Despite budget concerns, consumer confidence rose for a second consecutive week as an improving job market helped ease the burden of higher fuel costs.[5]

As in the past, both international and domestic politics will continue to play a part in peoples investing decisions. The week ahead will likely be no exception as the new budget is voted on. Also next week, a series of labor reports are released and earnings season begins. We’ll let you know how things turn out in our commentary next week.

ECONOMIC CALENDAR: Tuesday – International Trade, Import and Export Prices, Bank of Canada Announcement, Treasury Budget Wednesday – Retail Sales, Business Inventories, EIA Petroleum Status Report, Beige Book
Thursday – Producer Price Index, Jobless Claims Friday – Consumer Price Index, Empire State Mfg, Treasury International Capital, Industrial Production, Consumer Sentiment

Data as of 04/08/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	-0.32	5.61	12.0	0.50	1.77
Dow	0.03	6.93	13.3	2.27	2.64
NASDAQ	-0.33	4.81	14.1	3.77	6.16
MSCI EAFE	1.04	5.26	9.66	0.59	2.95
10-year Treasury Note (Yield Only)	3.45	N/A	3.90	4.96	4.87

HEADLINES:

Crude oil advanced 2.3% Friday, settling at $112 a barrel – its highest price in more than 30 months.[6] In addition to sparking fears about a slowdown in the global economy, investors are also concerned about Libya’s civil war and the country’s 80% drop in production.[7]

On April 6 Portugal asked for international assistance, joining Greece and Ireland in receiving bailouts from the European Union and the International Monetary Fund. The country faces around €4.3 billion ($6.2 billion) of bond redemptions in April, followed by a repayment of €4.9 billion in June.[8]

The quarterly earnings season begins next week. Gas and commodity prices have surged this year, and could spell trouble for the rebound in consumer spending and sales growth. Overall, earnings for the companies in the S&P 500 are expected to be up 11.5% over last year. Revenues are expected to rise 8%, remaining unchanged from the fourth quarter.[9]

QUOTE OF THE WEEK:

“Patience and fortitude conquer all things.” – Ralph Waldo Emerson

RECIPE OF THE WEEK:

Strawberry Bruschetta

From: Better Homes and Gardens
Serve this as an appetizer or dessert when strawberries are in season.

Servings: 24 servings

Total: 25 mins

Ingredients:

1 8-ounce loaf baguette-style French bread

1 8-ounce tub cream cheese

1 tablespoon honey

2 cups strawberries, sliced

¼ cup strawberry jelly

Directions:

1. Heat oven to 375 degree F. Cut bread into 24 slices about 1/4-inch thick. Place in a single layer on an ungreased cookie sheet. Bake about 10 minutes or until lightly brown, turning once.

Make-Ahead Tip
Toast the bread and store in a covered container at room temperature up to 2 days or freeze up to 1 month. Stir together the cream cheese and honey; cover and refrigerate up to 2 days.

GOLF TIP OF THE WEEK:

Can You Wiggle Your Toes?

With the proper setup, your weight should be distributed evenly on your feet. Many golfers have a tendency to stretch out towards the ball too much. This causes their weight to be too far forward. How can you tell if your weight distribution is proper? Easy! Just make sure you can wiggle your toes freely.

Share the Wealth of Knowledge!
Please share this market update with family, friends, or colleagues. If you would like us to add them to our list, simply click on the “Forward email” link below. We love being introduced!
Insert your broker/dealer disclosures here. i.e. Securities offered through “Your B/D Name Here,” Member FINRA/SIPC.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[1]http://money.cnn.com/2011/04/08/news/economy/budget_deal/index.htm

[2] http://money.cnn.com/2011/04/08/markets/markets_newyork/index.htm

[3] http://www.marketwatch.com/story/government-shutdown-looms-at-midnight-2011-04-08

[4] http://www.marketwatch.com/story/government-shutdown-looms-at-midnight-2011-04-08

[5] http://www.bloomberg.com/news/2011-04-09/obama-says-goverment-will-be-open-for-business-after-deal.html

[6] http://www.marketwatch.com/story/crude-oil-rallies-to-almost-112-a-barrel-2011-04-08

[7] http://www.cnbc.com/id/42483704

[8] http://www.marketwatch.com/story/portugal-pays-nearly-6-to-borrow-12-months-2011-04-06

[9] http://money.cnn.com/2011/04/09/markets/first_quarter_corporate_earnings/index.htm

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Weekly Market Commentary – March 14, 2011

Posted in Uncategorized, tagged ACCUMULATION, Adviser, atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, DISTRIBUTION, estate planning, find a financial advisor in atlanta, Kennesaw financial planner, Money, Phil Calandra, tax planning, The Calandra Group, Your Financial Life on March 15, 2011 | Leave a Comment »

Weekly Market Update
Week of March 14, 2011

THE MARKETS:

On Friday, an 8.9 earthquake rocked Japan and generated a 30-foot-high tsunami that devastated the northeastern coast. In consideration of the widespread destruction, human suffering is the issue of primary concern at this time. Simultaneously though, it is crucial to consider the economic impact of this natural disaster. What affects are we already experiencing?

Though Japan’s recession-burdened stock markets dropped,[1] the expected scope of the rebuilding effort sent U.S. stocks climbing on expectations for increased demand for materials.[2] Interestingly, we also saw a $3 a barrel drop in oil prices inspired by anticipation of decreased Japanese demand.[3] At the same time, some speculate that the probable increase in Japan’s spending has the potential to propel their already strong currency, the yen, higher as Japanese money invested abroad is applied to rebuilding.[4] How long and to what extent such factors will influence the world economy remains to be seen.

The earthquake also took a heavy toll on the nation’s industries, forcing Toyota, Honda and Nissan to halt operations at most of their domestic plants.[5] These shutdowns come at a time of strong recovery in global consumption (U.S. auto sales clocked their strongest pace in 18 months in February[6]). Also suspending operations are Panasonic, Sony, and Toshiba.[7] A bigger impact will likely come in the weeks ahead as the disruptions make their way through the global supply chain.

In today’s world, we exist as part of a connected, global community. And although it is fitting to discuss how international situations can have an impact domestically, we should also remember that such analysis cannot diminish Japan’s catastrophic losses. While the weeks and months ahead will gradually reveal the extent of the disaster, it will also give us a chance to demonstrate our humanity and generosity.

SPECIAL NOTE: While we do not want to discourage you from donating toward relief efforts in Japan, we urge you to exercise caution. Whenever a natural disaster strikes, there are always unscrupulous individuals who will attempt to take advantage of the generosity of those who wish to give. Many reputable sources warn donors to be cautious when making contributions to relief agencies and charities. Please visit the Better Business Bureau’s Wise Giving Alliance for more information about how to donate safely. See www.bbb.org/charity.

ECONOMIC CALENDAR: Tuesday – Empire State Mfg Survey, Import and Export Prices, Treasury International Capital, Housing Market Index, FOMC Meeting Announcement Wednesday – Housing Starts, Producer Price Index, EIA Petroleum Status Report
Thursday – Consumer Price Index, BOE Announcement, International Trade, Jobless Claims, Industrial Production, Leading Indicators, Philadelphia Fed Survey

Data as of 03/11/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	-1.28	3.71	13.4	0.36	0.57
Dow	-1.03	4.03	13.5	1.75	1.32
NASDAQ	-2.48	2.36	14.6	4.01	3.23
MSCI EAFE	-3.09	1.68	7.85	-0.88	2.02
10-year Treasury Note (Yield Only)	3.49	N/A	3.72	4.76	4.93

HEADLINES:

Professional-football players disbanded their union and filed a lawsuit against the NFL and team owners on Friday. The collapse of the talks makes it likely that NFL owners will bar their players from turning up to work and withholding their paychecks. The players filed suit for the right to be allowed to work.[8]

U.S. consumer sentiment fell to its lowest level since October 2010 as gasoline prices rose. The preliminary March reading on the overall index on consumer sentiment came in at 68.2, down from 77.5 in February. The numbers were in contrast to the retail sales report earlier Friday, which showed sales posted their largest gain in four months in February.[9]

House Republicans are preparing another stopgap-spending bill that would cut $6 billion from current levels and keep the government running for three more weeks. The stopgap-spending bill would buy lawmakers more time after existing funding authority expires on March 18 to agree on final spending levels for the 2011 fiscal year, which ends September 30. The Senate would have to approve it as well before it could be sent to President Obama to sign into law.[10]

Forbes 2011 Billionaires List breaks two records: total number of listees (1,210) and combined wealth ($4.5 trillion). Mexico’s Carlos Slim Helu, added $20.5 billion to his fortune, and is now worth $74 billion. Bill Gates (#2) and Warren Buffett (#3) both added a more modest $3 billion to their piles and are now worth $56 billion and $50 billion, respectively.[11]

QUOTE OF THE WEEK:

“In separateness lies the world’s great misery, in compassion lies the world’s true strength.” – Buddha
RECIPE OF THE WEEK:

Maple Ricotta Flan

From: Better Homes and Gardens
This 5-ingredient dessert can be pulled together in just 15 minutes.

Servings: Makes 6 servings.

Prep: 15 mins

Total: 45 mins

Ingredients:

1/4 cup plus 1 tsp. pure maple syrup

4 beaten eggs

1 15-oz. container ricotta cheese

1/4 cup sugar

1 tsp. vanilla

Ground nutmeg or cinnamon (optional)

Directions:

1. Preheat oven to 325 degrees F. Divide the 1/4 cup maple syrup among six 6-ounce custard cups; tilt custard cups to coat bottoms evenly.

2. In a bowl combine eggs, cheese, sugar, vanilla, and remaining teaspoon maple syrup. Mix until well combined but not foamy. Place the custard cups in a 3-quart rectangular baking dish. Divide egg mixture among custard cups. Sprinkle with nutmeg. Place the baking dish on an oven rack. Pour boiling water into the baking dish around custard cups to a depth of 1 inch. Bake for 40 to 45 minutes or until a knife inserted near the centers comes out clean.|

3. Remove cups from water. Cool completely in custard cups. Cover and chill until serving time. To unmold flans, loosen edges with a knife, slipping point of knife down sides to let air in. Invert a dessert plate over each flan; turn custard cup and plate over together.

GOLF TIP OF THE WEEK:

Putting Yips?

Once fear gets a hold on your nervous system, it can seem like it will never end. Goodbye confidence. What can you do? Solve the problem by taking two actions:

1) Spot the fear early. When spotted, step back, take a breath, and restart your routine. Once your body/mind learns you won’t give in to your nerves, it actually gets the message.

2) Put your mind on the present, not the future. Don’t think about everything that can go wrong with your shot. Just focus on your movement.

Following this routines brings you into the “now.” Use this to combat fear.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[1] http://finance.fortune.cnn.com/2011/03/11/japans-fiscal-fix-deepens/

[2]http://online.wsj.com/article/SB10001424052748703597804576194130989423722.html?mod=WSJ_hp_LEFTWhatsNewsCollection

[3] http://online.wsj.com/article/SB10001424052748703597804576194452970557580.html?mod=googlenews_wsj

[4] http://www.cnbc.com/id/42045635

[5] http://online.wsj.com/article/SB10001424052748704296604576196140410967916.html?mod=WSJ_hp_MIDDLTopStories

[6] http://online.wsj.com/article/SB10001424052748703597804576194101663283550.html?mod=WSJ_hp_MIDDLTopStories

[7] http://online.wsj.com/article/SB10001424052748704296604576196140410967916.html?mod=WSJ_hp_MIDDLTopStories

[8] http://www.marketwatch.com/story/nfl-players-union-to-disband-court-case-follows-2011-03-11

[9] http://www.cnbc.com/id/42028477

[10] http://www.reuters.com/article/2011/03/11/us-usa-congress-spending-idUSTRE7205MS20110311

[11] http://www.msnbc.msn.com/id/41989924/ns/business-forbescom/

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Weekly Market Commentary – 2/14/2011

Posted in Uncategorized, tagged ACCUMULATION, Adviser, Atlanta, atlanta wealth manager, Calandra, Calandra Financial Group, DISTRIBUTION, estate planning, financial advisor, Financial Planner, income planning, investing, Investing Advice, Kennesaw financial planner, Money, Phil Calandra, tax planning, Wealth Management, Your Financial Life on February 15, 2011 | Leave a Comment »

Weekly Market Update
Week of February 14, 2011

THE MARKETS:

Wall Street started last week holding its breath while waiting to see whether Hosni Mubarak would step down as Egypt’s president. Bowing to pro-democracy protests, Mubarak resigned on Friday, ending 30 years of authoritarian rule in the Middle East’s most populous country.[1]

As fireworks burst over Cairo’s Tahrir Square, there was a collective sigh of relief on Wall Street, while the benchmark averages rose to finish Friday’s session with weekly gains. U.S. stocks climbed to fresh 2 1/2-year closing highs after the resignation of Mubarak removed a layer of uncertainty from global markets.[2] The Dow had a weekly advance of 1.5%, while the S&P 500 rose 1.4% and the Nasdaq added 1.5%.

Analysts and investors agree that Mubarak’s resignation dramatically reduces geopolitical risk and uncertainty from the region.[3] Reflecting this, oil prices fell following the news in Egypt, with crude dropping to $85.16 a barrel in midday trading Friday. Other dollar-denominated commodities, including gold and silver, also drifted lower following Mubarak’s resignation. Gold prices slid $5.30, settling at $1,357.20 an ounce.[4]

On another topic, how does starting a new week on St. Valentine’s Day traditionally affect the markets? Interestingly, the “day of love” hasn’t customarily shown much “love” to investors; at least when using the S&P 500 index as a gauge. According to Howard Silverblatt, a senior index analyst at S&P Indices, going back to 1928, February 14 trading days only notched gains on the S&P 38.7% of the time against a historical daily rate of 52.03%. Here’s an interesting caveat though – in looking at the 11 Valentine’s Days that occurred on the first trading day of the week, the S&P 500 logged a gain 63.4% of the time.[5] While we’re certainly not trying to make a prediction, it is interesting to see what history can teach us about market behaviors.

From war and peace one week, to love and chocolates the next, it just goes to show that almost any world event has potential to affect people’s investments. Like everything in life, weathering all the little ups and downs requires intelligence, patience, and a cool head.

ECONOMIC CALENDAR:
Tuesday – Retail Sales, Empire State Mfg. Survey, Import and Export Prices, Redbook, Treasury International Capital, Business Inventories, Housing Market Index Wednesday – Housing Starts, Producer Price Index, Industrial Production, EIA Petroleum Status Report, FOMC Minutes
Thursday – Consumer Price Index, Jobless Claims, Industrial Production, Leading Indicators, Philadelphia Fed Survey

Data as of 02/11/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	1.39	5.69	23.2	0.98	0.11
Dow	1.50	6.01	20.9	2.48	1.38
NASDAQ	1.45	5.90	29.0	4.84	1.37
MSCI EAFE	0.07	4.48	17.6	1.71	N/A
10-year Treasury Note (Yield Only)	3.65	N/A	3.73	4.58	5.02

HEADLINES:
Pandora Media Inc., filed papers Friday to raise as much as $100 million in an initial public offering of stock. Pandora offers an Internet service that creates playlists of songs based on user feedback. The Oakland, Calif.-based company said it now has more than 80 million registered users, and “a more than 50% share of all Internet radio listening time among the top 20 stations and networks in the United States.”[6]

The euro fell to a three-week low against the dollar as speculation increased that Portugal will follow Ireland in tapping the European Financial Stability Facility. Yields on 10-year Portuguese debt climbed on Feb. 10 to 7.64 percent, the highest level since the introduction of the euro in 1999.[7]

U.S. consumer sentiment rose to its highest level in eight months in early February, boosted by recent tax cuts and optimism about the economy. The preliminary February reading for the overall index on consumer sentiment came in at 75.1, up from 74.2 in January, the highest level since June 2010.[8]

The Commerce Department says the deficit in December increased 5.9% to $40.6 billion. It grew because the 2.6% gain in imports outpaced the 1.8% rise in exports. For 2010, the U.S. trade deficit rose to $497.8 billion, a 32.8% surge and the biggest annual percentage gain since 2000.[9]

QUOTE OF THE WEEK:

“A loving heart is the beginning of all knowledge.” – Thomas Carlyle

RECIPE OF THE WEEK:

Six-Layer Brownie Bars

From: Betty Crocker

Layers of decadence over easy-mix brownie batter create this ultimate brownie bar.

Servings: 36 bars

Prep: 20 mins

Total: 3 hrs 10 mins

Ingredients:

1 box Betty Crocker® Original Supreme brownie mix (1 pound 6.5 ounces)

1/3 cup butter or margarine, melted

1 egg

1 cup coconut

1 cup toffee bits

1 cup semisweet chocolate chips

1 cup chopped pecans

1 can sweetened condensed milk (not evaporated, 14 ounces)

Directions:

1. Heat oven to 350 degrees F. Grease bottom only of 13×9-inch pan with cooking spray or shortening. (For easier cutting, line pan with foil, then grease foil on bottom only of pan.)

2. In large bowl, stir brownie mix, pouch of chocolate syrup, butter and egg until well blended. Press into pan. Bake 10 minutes.

3. Top with coconut, toffee bits, chocolate chips and pecans. Drizzle evenly with condensed milk. Bake 35 to 40 minutes longer or until edges are bubbly and center is set. Cool completely, about 2 hours. For bars, cut into 9 rows by 4 rows.

GOLF TIP OF THE WEEK:

SET YOUR ALIGNMENT

Many shots that are hit to the right or left get blamed on the swing when they are actually a product of poor alignment. In order to hit the ball at a target, you must line up correctly.

Before hitting, stand behind your ball about 3 to 5 feet so it is between you and your intended target. Now pick an object on the ground no more than two feet in front of the ball, (a golf tee, blade of grass, leaf, or anything else) that lies on the imaginary line that goes from your ball to your intended target.

Walk up and address the ball while pretending the object on the ground is your target. Align the lines on your club face so they are perpendicular to the object. Do not even look at your real target until you have established your address, and then be sure not to change your stance.

*Stock investing involves market risk including loss of principal. The fast price swings of commodities will result in significant volatility in an investor’s holdings. Government bonds and Treasury Bills are guaranteed by the US Government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[1] http://www.marketwatch.com/story/wall-street-looks-to-less-anxious-week-2011-02-12

[2] http://www.bloomberg.com/news/2011-02-12/dollar-advances-as-egypt-european-debt-stoke-demand-for-safety.html

[3] http://money.cnn.com/2011/02/11/markets/markets_newyork/index.htm

[4] http://money.cnn.com/2011/02/11/markets/food_prices_commodities/index.htm

[5] http://www.marketwatch.com/story/wall-street-looks-to-less-anxious-week-2011-02-12

[6] http://www.marketwatch.com/story/internet-music-firm-pandora-files-for-ipo-2011-02-11

[7] http://www.bloomberg.com/news/2011-02-12/dollar-advances-as-egypt-european-debt-stoke-demand-for-safety.html

[8] http://www.cnbc.com/id/41530980

[9] http://www.cnbc.com/id/41529859

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Weekly Market Commentary – Jannuary 24, 2011

Posted in Uncategorized, tagged ACCUMULATION, advice, Adviser, advisor, Atlanta, Calandra, Calandra Financial Group, estate planning, financial advisor, Financial Planner, income planning, investing, Investing Advice, Money, preparation, retirement, tax, Wealth Management, Your Financial Life on January 31, 2011 | Leave a Comment »

Weekly Market Update
Week of January 24, 2011

THE MARKETS:

While the recovery continues to burn brighter, it’s no thanks to the rising cost of gasoline. Most consumers are cringing over prices at the pump and, as a nationwide economic marker, it affects nearly everyone.

Gas prices hit almost $3.12/gallon on Friday, less than a dollar below the all-time high of about $4.11/gallon in July 2008.[1] Current prices have risen 12 cents a gallon (4%) in the last month alone and 39 cents (14%) over the last year. Crude oil has risen on a similar track and is currently trading at just under $90 a barrel.[2]

Though American consumers are paying the price, international oil demand and lack of supply are primarily responsible for the rising cost. Last year, worldwide demand hit a record of more than 87 million barrels a day, largely driven by strong growth in India, China, and the Middle East. Simultaneously, supply was constricted by the drilling moratorium in the Gulf of Mexico following the BP disaster, slow production growth in non-OPEC countries, and OPEC production controls.[3]

Gas prices are proving to be a critical, but unpredictable element in the economic recovery. Analysts are predicting prices to range from $3.20 to $3.75/gallon by spring, just when Americans typically hit the road.[4] Just as positive consumer sentiment can be tempered by the daily reminders of rising prices, there is also an unknown tipping point for when those prices take a toll on spending.[5]

While all this talk about rising gas prices may have you feeling less than enthusiastic, the overall economic outlook is still positive and the stock market is performing well. While some indexes fell slightly for the week, the Dow climbed 0.72%, continuing its longest winning streak since April of last year.[6] At least for now, rising gas prices aren’t creating a significant drag on the economic recovery.

ECONOMIC CALENDAR:
Tuesday – Redbook, S&P Case Shiller HPI, Consumer Confidence
Wednesday – New Home Sales, EIA Petroleum Status Report
Thursday – Durable Goods Orders, Jobless Claims, Pending Home Sales Friday – GDP, Employment Cost Index, Consumer Sentiment

Data as of 01/21/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	-0.76	2.04	14.9	0.35	-0.44
Dow	0.72	2.54	14.3	2.26	1.21
NASDAQ	-2.39	1.38	18.7	3.93	-0.29
MSCI EAFE	-0.35	1.83	7.12	-0.43	1.32
10-year Treasury Note (Yield Only)	3.33	N/A	3.61	4.36	5.17

HEADLINES:

Facebook raised $1.5 billion from Goldman Sachs and Digital Sky Technologies, giving the company an estimated value of $50 billion. Facebook confirmed that it will begin filing public financial reports by April 2012, a move likely indicative of an IPO.[7]

A 1963 Pontiac ambulance that supposedly carried the body of President John F. Kennedy after his assassination was sold at a Scottsdale, Ariz., auction Saturday night for $132,000.[8]

Existing home sales jumped 12% in December, the fifth month of gains in the past six months. While the rates are higher than expected, the median price of homes has fallen by 1% and is still down 2.9% from a year ago.[9]

Thirty-second advertising spots for 2011’s Super Bowl XLV will cost about $3 million each. This year’s ads contain a record number from the auto industry, while the largest advertisers include Anheuser-Busch and Dot-com firms. Many will include online features with contest components.[10]

QUOTE OF THE WEEK:

“There is no such thing in anyone’s life as an unimportant day.” – Alexander Woollcott
RECIPE OF THE WEEK:

Gorgonzola and Toasted Walnut Spread

From: Betty Crocker
The fabulous flavor of toasted walnuts infuses every bite of this rich and creamy spread.

Servings: 16 servings (2 tablespoons spread and 2 bread or fruit slices each).

Total: 10 mins

Ingredients:

1 cup crumbled Gorgonzola cheese

1 package cream cheese, softened (8 ounce)

3 tablespoons half-and-half

1/4 teaspoon freshly ground pepper

1/2 cup chopped walnuts, toasted

1 tablespoon chopped fresh parsley

French bread slices

Apple and pear slices
Directions:

1. Reserve 1 tablespoon of the Gorgonzola cheese for garnish. In food processor, place cream cheese, remaining Gorgonzola cheese, half-and-half and pepper. Cover and process until blended.

2. Reserve 1 tablespoon of the walnuts for garnish. Stir remaining walnuts into cheese mixture. Spoon into shallow serving bowl. Sprinkle with reserved Gorgonzola cheese, walnuts and the parsley. Serve with bread slices and apple slices.

GOLF TIP OF THE WEEK:

Cut the Tension

Tension in your golf swing can cause you to lose distance and accuracy. By executing certain fundamentals correctly, tension is avoided.

At a basic level you can decrease tension by working on a proper grip. A grip that has proper tension is achieved by doing the following: Place the grip in the fingers of both hands. With the bottom hand, start the grip in the middle of the fingers. Avoid the palm. Also, place the thumb of the top hand off to the side, away from the target, and place the bottom thumb on the other side of the grip, closest to the target. The thumbs have many nerves at the tips. If the thumbs run directly down the center of the grip, you trigger those nerves. The arms tense up and you now have tension.

Your goal should be to achieve a light grip. If you maintain a light grip during the swing, you will avoid any swing characteristics that cause tension. If you use a tight grip then you also tense your forearm muscles, and this automatically opens the face of the club causing pushed shots.

Parting thought… RELAX.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[1] www.money.cnn.com/2011/01/21/news/economy/thebuzz/index.htm

[2] www.money.cnn.com/2011/01/21/markets/gasoline_prices_rising/index.htm

[3] www.money.cnn.com/2011/01/21/markets/gasoline_prices_rising/index.htm

[4] www.abcnews.go.com/Business/t/story?id=12731383

[5] www.cbsnews.com/stories/2011/01/22/earlyshow/saturday/main7271761.shtml

[6] http://blogs.wsj.com/marketbeat/2011/01/21/data-points-us-markets-340/

[7] www.money.cnn.com/2011/01/21/technology/facebook_funding/

[8] http://money.cnn.com/2011/01/23/autos/jfk_ambulance_sale/index.htm

[9] www.money.cnn.com/2011/01/20/real_estate/existing_home_sales/index.htm

[10] www.independent.co.uk/arts-entertainment/tv/super-bowl-2011-ads-expand-into-social-media-2191378.html

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Weekly Market Commentary – 12/20/2010

Posted in Uncategorized, tagged ACCUMULATION, advice, Adviser, advisor, analyst, Atlanta, Calandra, Calandra Financial Group, estate planning, Financial, financial advisor, Financial Planner, income planning, investing, Investing Advice, Kennesaw financial planner, Money, Phil, Phil Calandra, Planner, Wealth Management, Your Financial Life on December 22, 2010 | Leave a Comment »

Weekly Market Update
Week of December 20, 2010

THE MARKETS:

After months of speculation about the future of Bush era tax cuts, closure finally came late Thursday when the House of Representatives approved an $858 billion tax package to extend them through 2012. The approval of the plan has been marked by an optimistic attitude in the markets and positive speculation about the future of the economic recovery. While the S&P 500 only edged up one point this week, it has gained nearly 6% since Obama agreed to compromise with Republicans on the tax plan[i], and all major indexes either closed at or touched 52-week highs at some point during the last five trading days.[ii]

The economy is also showing signs of gaining ground, as a slew of upbeat statistics – from rising retail sales to falling unemployment claims – indicate. The economy grew at an annualized pace of 2.5% in the third quarter, and expanded growth is expected into next year. In an interview late Friday, Former Federal Reserve Chairman Alan Greenspan told Bloomberg: “The U.S. economy unquestionably has some momentum. The fourth quarter looks good. The growth rate could be 3.5 percent or more.”[iii] He later expressed this pick up in the economy should lead to increased hiring, and that the unemployment rate should drop next year. This would certainly be a welcome development!

It will be interesting to see what affect the new tax bill has on stock market performance in the shortened trading week ahead. Regardless of how things go, we hope you will relax and enjoy some quality time off with your family and friends.

NOTE: We will be providing more information on the new Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 soon. Stay tuned.

ECONOMIC CALENDAR:[iv]
Tuesday – Redbook
Wednesday – GDP, Corporate Profits, Existing Home Sales, EIA Petroleum Status
Thursday – Durable Goods Orders, Personal Income and Outlays, Jobless Claims, Consumer Sentiment, New Home Sales, EIA Natural Gas
Friday – U.S. Holiday: Christmas Observed

Data as of 12/17/2010	1-Week	Y-T-D	1-Year	5-Year	10-Year
Standard & Poor’s 500	0.28	11.5	13.5	-0.37	-0.52
Dow	0.72	10.2	11.5	1.13	1.01
NASDAQ	0.21	16.5	21.2	3.47	-0.04
MSCI EAFE	-0.10	2.58	4.69	-0.71	1.02
10-year Treasury Note (Yield Only)	3.30	N/A	3.49	4.45	5.18

HEADLINES:
The largest forfeiture settlement in U.S. history has recovered about half of Bernard Madoff’s stolen money. Barbara Picower returned $7.2 billion from her deceased husband’s estate. Jeffry Picower was a Florida businessman who had been the single-largest beneficiary of the fraud.[v]

Bank of America said it will not process payments intended for WikiLeaks despite threats from the group that their next large documents release will be bank information. In related news, WikiLeaks founder, Julian Assange was released on bail this week from a jail in Britain, where he is fighting extradition to Sweden over alleged sexual offenses.[vi]

Americans spent $942 million online December 17, 61% more than they spent the same day last year, thanks to the more than 1,500 online merchants who participated in Free Shipping Day.[vii]

EU leaders outlined a plan for a new fund to fight future crises. Intended to take effect in 2013, the plan will replace the existing 750 billion euro ($998.8 billion) European Financial Stability Facility (EFSF). The meeting failed to create measures to limit borrowing costs which have forced rescues of Greece and Ireland and threaten other high-debt countries on the euro-zone periphery.[viii]

QUOTE OF THE WEEK:

“Keep steadily before you the fact that all true success depends at last upon yourself.” – Theodore T. Hunger

RECIPE OF THE WEEK:

Candy Crunch White Bark

From: Better Homes and Gardens

Servings: 1 pound
Prep: 20 mins
Total: 20 mins

Ingredients:
1 pound vanilla-flavor candy coating, cut up
3/4 cup crushed fruit-flavor candy canes

Directions:
1. Line a baking sheet with foil; set aside. Heat candy coating in a heavy medium saucepan over low heat, stirring constantly until candy is melted and smooth. Remove from heat.

2. Stir in 1/2 cup of the crushed candy canes. Pour mixture onto the prepared baking sheet. Spread mixture to about 3/8-inch thickness. Sprinkle with the remaining crushed candies.

3. Chill candy about 30 minutes or until firm. (Or, let candy stand at room temperature for several hours until firm.) Use foil to lift firm candy from the baking sheet; carefully break candy into pieces.

Store tightly covered up to 2 weeks. Makes 1 pound.

GOLF TIP OF THE WEEK:

BALL BELOW YOUR FEET

The ball-below-your-feet on a side hill lie is the most difficult of all sloping lies. The biggest mistake made when faced with this type of shot is bending the knees too much to reach the ball. With the knees bent too far you will have the tendency to rise up as you swing through, causing you to top the ball. To correct this tendency, try these steps:

Keep your normal knee flex, but bend a little more from the waist.
Keep the back swing short – if you try to swing to your normal position there will be a tendency to rise up.
Take one more club (use an 8 if you normally hit a 9 from that distance)
Aim to the left as the ball will have a tendency to fade or go to the right (for right handed golfers).

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[i] http://money.cnn.com/2010/12/17/markets/markets_newyork/index.htm

[ii] http://www.cnbc.com/id/40722779

[iii] http://www.bloomberg.com/news/2010-12-17/greenspan-says-u-s-economy-picking-up-may-grow-as-much-as-3-5-next-year.html

[iv] http://online.barrons.com/public/page/barrons_econoday.html

[v] http://www.msnbc.msn.com/id/40716871/ns/business/

[vi] http://www.msnbc.msn.com/id/40728284/ns/business/

[vii] http://tech.fortune.cnn.com/2010/12/19/free-shipping-and-apples-ipad-help-spark-record-online-holiday-sales/

[viii] http://www.marketwatch.com/story/eu-leaders-offer-little-relief-from-bond-turmoil-2010-12-17

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Weekly Market Commentary – 12/13/2010

Posted in Uncategorized, tagged 3 Phases, 30144, ACCUMULATION, advice, analyst, Atlanta, Calandra, Calandra Financial Group, DISTRIBUTION, Financial, Financial Planner, GA, investing, Kennesaw financial planner, Money, Phil, Phil Calandra, tax, tax preparation, Wealth Management, Your Financial Life on December 14, 2010 | Leave a Comment »

THE MARKETS:

Many economic indicators have shown gradual improvement in recent months, and this seems to be reflected by a growing sense of optimism on Wall Street.

Despite an unusually flat stretch for the markets, stocks gained on Friday and the S&P 500 closed at its highest level since September 2008.[1] Gains came after newly released government data showed a narrowing U.S. trade deficit, thus boosting hopefulness about further economic growth early in 2011. A separate report on consumer sentiment also came in better than expected, helping the Dow lock in a gain of 0.4%, the S&P 500 add 1.3%, and the Nasdaq rise 1.5% for the week.[2]

If things continue as they are, the Dow and S&P 500 are on track to finish 2010 with 10% gains each, while the Nasdaq is up 16% year to date. Alec Young, equity strategist at Standard & Poor’s, was quoted by CNN Money on Sunday and said, “The market has been doing pretty well. The recovery continues nice and steady in the U.S. and the market looks like it could go higher if that stays intact.”[3] And regarding the economy, John Canally, chief economist at LPL Financial was quoted by MarketWatch as saying, “Long term, the economy has turned the corner.”[4] Hopefully these gentlemen are right, but of course, this paragraph did start with the word “if”. And when it comes to the stock market, few things are certain.

With the holiday shopping season well under way, much attention will be focused on retail sales figures due this Tuesday. Many analysts predict they will confirm a strong start to the post-Thanksgiving shopping season, and since consumer spending represents the single biggest component of U.S. economic growth, positive sales figures bode well for the overall health of the economy.

Also this week, eyes will be turned to Washington for signs a compromise has been reached regarding extending Bush-era tax cuts. The final outcome of the tax debate has been a major source of uncertainty for the markets, and putting the issue to bed is likely to have a stabilizing effect.

Each week, it may seem this commentary introduces new factors that affect the stock market, the economy, and our perception of how well things are going in the world. But regardless of what we report to you, rest assured that our goal is always the same – to educate you and to remain ever alert to the various challenges and opportunities that exist in the framework of working toward your goals. We hope you have a great week!

ECONOMIC CALENDAR:[5]
Tuesday – Producer Price Index, Retail Sales, Business Inventories, FOMC Meeting Announcement
Wednesday – Consumer Price Index, Empire State Manufacturing Survey, Industrial Production
Thursday – Housing Starts, Jobless Claims, Philadelphia Fed Survey
Friday – Leading Indicators

Data as of 12/10/2010	1-Week	Y-T-D	1-Year	5-Year	10-Year
Standard & Poor’s 500	1.28	11.2	12.5	-0.30	-0.95
Dow	0.25	9.42	9.65	1.17	0.65
NASDAQ	1.78	16.2	20.4	3.37	-0.96
MSCI EAFE	0.38	2.68	3.81	-0.31	0.92
10-year Treasury Note (Yield Only)	3.02	N/A	3.48	4.54	5.34

HEADLINES:

Higher food prices continue to be the main driver of inflation in China, raising the likelihood of an imminent interest rate hike as the country tries to reel in its red-hot economy.[6]

American homes are expected to be worth $1.7 trillion less in 2010 than they were worth last year, according to a report released Thursday by real estate website Zillow. This year’s drop in home values is 63% bigger than the $1 trillion dip in 2009, and brings the total value lost since the housing market’s peak in 2006 to a whopping $9 trillion.[7]

Sadly, Mark Madoff, the oldest son of convicted swindler Bernard Madoff, committed suicide on Saturday, two years to the day after his father’s arrest.[8]

A powerful, gusty storm dumped mounds of snow across the upper Midwest on Sunday, closing major highways in several states, canceling more than 1,600 flights in Chicago and collapsing the roof of the Minnesota Vikings’ stadium.[9]

Credit card offers are surging again after a three-year slowdown, as banks seek to revive a business that brought them huge profits before the financial crisis wrecked the credit scores of so many Americans. HSBC mailed more than 16 million card offers to this group in the third quarter of this year, Citigroup 14 million and Discover 10 million, all roughly tenfold increases over the same period last year, according to Synovate Mail Monitor, a market research firm. Capital One’s rate rose fiftyfold, to 22 million.[10]
QUOTE OF THE WEEK:

“The best use of life is to spend it for something that outlasts life.” – William James

RECIPE OF THE WEEK:

Perfect Cranberry Spread

Prep time for this delicious recipe is only 10 minutes.

Ingredients:
1 package (8 oz.) cream cheese, softened*
2 tablespoons frozen orange juice concentrate, thawed
1 tablespoon sugar
2 teaspoons grated orange peel
1/8 teaspoon cinnamon
1/4 cup finely chopped dried cranberries
1/4 cup finely chopped pecans
Keebler® Town House® Original Crackers

Directions:
1. In a small mixing bowl, beat cream cheese, orange juice concentrate, sugar, orange peel and cinnamon on medium speed of electric mixer until fluffy.

2. Stir in cranberries and pecans. Refrigerate at least 1 hour. Garnish as desired. Serve with crackers.

*Soften cream cheese in microwave at high for 15 to 20 seconds.

GOLF TIP OF THE WEEK:

Golf Ball Temperature Can Affect Your Shots

In order to get maximum distance from a golf ball, you must compress it fully. It is generally accepted that a fully compressed golf ball is one that is half flattened at impact. To get full distance with any golf ball, the golfer must supply enough force to half flatten the ball they are using.

In the cold, golf balls don’t compress as easily, and thus won’t travel as far as they would in warmer weather. An easy way to avoid losing distance is to keep a ball in your pocket and alternate playing holes with that one and another ball in play. This way, your ball stays warm until it’s time to hit it on the next hole, enabling you to get more distance. This is especially important when the temperature drops below 50 degrees.

Share the Wealth of Knowledge!
Please share this market update with family, friends, or colleagues. If you would like us to add them to our list, simply click on the “Forward email” link below. We love being introduced!.
Insert your broker/dealer disclosures here. i.e. Securities offered through “Your B/D Name Here,” Member FINRA/SIPC.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[1] http://www.marketwatch.com/story/us-stocks-rise-as-trade-deficit-narrows-2010-12-10

[2] http://money.cnn.com/2010/12/10/markets/markets_newyork/index.htm?iid=EL

[3] http://money.cnn.com/2010/12/12/markets/lookahead_sunday/index.htm

[4] http://www.marketwatch.com/story/us-economy-still-in-slow-but-steady-mode-2010-12-12

[5] http://www.econoday.com/

[6] http://money.cnn.com/2010/12/10/news/international/china_cpi_inflation/index.htm

[7] http://money.cnn.com/2010/12/09/real_estate/home_value/index.htm

[8] http://www.bloomberg.com/news/2010-12-11/bernard-madoff-s-son-takes-own-life-on-anniversary-of-his-father-s-arrest.html

[9] http://www.google.com/hostednews/ap/article/ALeqM5j_WKeazwUZOymPd2wc56eUrFIAlg?docId=eb3eaf367e3547f49b7ff59f8889c4cc

[10] http://www.nytimes.com/2010/12/13/business/13credit.html?src=busln

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Weekly Market Update – 12/06/2010

Posted in Uncategorized, tagged 30144, ACCUMULATION, advice, Adviser, Atlanta, Calandra, Calandra Financial Group, DISTRIBUTION, GA, Group, investing, Investing Advice, Money, Phil, Phil Calandra, Planner, Wealth Management, Your Financial Life on December 7, 2010 | Leave a Comment »

Weekly Market Update
Week of December 06, 2010

THE MARKETS:

Does it ever seem to you that news headlines possess a split personality? That everything is always rosy or doom and gloom with no middle ground? This perception scares many people out of investing leading them to conclude that such unpredictability is a risk they can do without. Is this a recent phenomenon?

While it may be obvious that sensational headlines are designed to get an audience’s attention, media influence over public opinion is a long-held tradition. Consider a few headlines from years past:[i]

Can Capitalism Survive? – 1975
Is There Light at the End of the Tunnel? – 1992
Awash in Troubles – 1984

Do any of these headlines sound familiar, even recent? If the years weren’t printed next to them, would you conclude that two of them are over 25 years old? Often, such dire predictions leave something out. In many cases, even as the news is inundated with pessimistic headlines, positive long-term trends are in development.

Just this Sunday, Fed Chairman Ben Bernanke appeared on CBS’ 60 Minutes. Included among his comments were positive statements such as, “I have every confidence that this economy will recover, and recover in a strong and sustained way. The American people are among the most productive in the world. We have the best technologies. We have great universities. We have entrepreneurs. I just have every confidence that as we get through this crisis, that our economy will begin to grow again, and it will remain the most powerful and dynamic economy in the world.”[ii]

To our point, just an hour after the Fed Chairman’s interview, CNN lead with this headline: Bernanke on ’60 Minutes’: Grim Outlook.[iii] Granted, not everything Bernanke said was positive, but why did CNN choose to highlight the negative? Because sensational headlines sell. Remembering this fact can help you avoid making rash, emotional decisions, and may even help you sleep better at night.

Data as of 12/03/2010	1-Week	Y-T-D	1-Year	5-Year	10-Year
Standard & Poor’s 500	2.97	9.83	11.4	-0.64	-0.69
Dow	2.62	9.15	9.80	0.93	0.97
NASDAQ	2.24	14.2	19.3	2.80	-0.20
MSCI EAFE	3.68	2.32	0.30	-0.19	1.01
10-year Treasury Note (Yield Only)	2.86	N/A	3.38	4.52	5.51

ECONOMIC CALENDAR: [iv]

Tuesday – Consumer Credit
Wednesday – EIA Petroleum Status Report
Thursday – Jobless Claims, EIA Natural Gas Report
Friday – International Trade, Consumer Sentiment, Treasury Budget

HEADLINES:

The U.S. Senate on Saturday defeated two attempts by Democrats to extend the Bush-era tax cuts for the middle class permanently. After the Senate voted, President Barack Obama told Democratic congressional leaders he would be open to a temporary extension of the Bush-era tax cuts for the affluent, but he would demand concessions from the GOP.[v]

The United States has reached a tentative free trade agreement with South Korea, the White House said Friday. The agreement, which must be ratified by Congress, strengthens economic ties between Washington and Seoul at a time when the longtime U.S. ally faces an increasingly hostile northern neighbor. If ratified, the agreement would eliminate tariffs on over 95% of industrial and consumer goods within five years.[vi]

A surprising increase in the number of unemployed Americans wasn’t enough to stall oil’s momentum Friday as it cruised to a 26-month high. Benchmark oil settled up $1.19 at $89.19 a barrel on the New York Mercantile Exchange. It’s the second time in less than a month that oil has reached the level where it was in the fall of 2008. There are widespread expectations that the price will hit $90 a barrel by year’s end and head toward $100 a barrel by next spring when traders begin looking ahead to the summer driving season.[vii]

Nonfarm payrolls rose by 39,000 in November, far lower than the 155,000 gain expected by economists surveyed by MarketWatch and the upwardly revised figure of 172,000 jobs gained in October.[viii]
QUOTE OF THE WEEK:

There are always flowers for those who want to see them. – Henri Matisse

RECIPE OF THE WEEK:

Chocolate Mint Divinity

From: Better Homes and Gardens

This milk chocolate divinity candy recipe is spread with additional chocolate and sprinkled with crushed peppermint candies.

Servings: 81 pieces

Ingredients:
2 7-ounce bars milk chocolate
2-1/2 cups sugar
1/2 cup light-colored corn syrup
1/2 cup water
2 egg whites
2 squares (2 ounces) unsweetened chocolate, melted and cooled
1/2 teaspoon peppermint extract
1/4 cup crushed peppermint candies

Directions:
1. Line a 9x9x2-inch baking pan with foil, extending foil over edges of pan. Butter foil; line with chocolate bars. Set pan aside.

2. In a heavy 2-quart saucepan combine sugar, corn syrup, and water. Cook over medium-high heat to boiling, stirring constantly with a wooden spoon to dissolve sugar. This should take five to seven minutes. Avoid splashing mixture on sides of pan. Carefully clip candy thermometer to pan. Cook over medium heat, without stirring, to 260 degree F, hard-ball stage. Mixture should boil at moderate, steady rate over entire surface. Reaching hard-ball stage should take about 15 minutes.

3. Remove pan from heat; remove thermometer. In a large mixer bowl, immediately beat egg whites with a sturdy, freestanding electric mixer until stiff peaks form (tips stand straight).

4. Gradually pour hot mixture in a thin stream (slightly less than 1/8inch diameter) over egg whites, beating on high speed and scraping bowl occasionally. This should take about three minutes. (Add mixture slowly to ensure proper blending.) Add unsweetened chocolate and peppermint extract. Continue beating on high speed, scraping bowl occasionally, just until candy starts to lose its gloss. When beaters are lifted, mixture should fall in a ribbon, but mound on itself and not disappear into remaining mixture. Final beating should take five to six minutes.

5. Immediately spread over chocolate bars in prepared pan. Sprinkle with crushed candies. When firm, lift out of pan; cut into 1-inch squares. Store tightly covered.

Make-Ahead Tip:

Up to three days ahead prepare divinity. Store at room temperature in a tightly covered container.

GOLF TIP OF THE WEEK:

Get Rhythm

In a golf swing, the rhythm describes the total time it takes to complete the swing among its three main parts: backswing, downswing and forwardswing. If you treat the golf swing like a simple pendulum and divide it into equal beats or counts, the backswing should take two beats, and the combined downswing and forwardswing two beats. For example, you should be able to count “one-two” to the top of your backswing, and “three-four” to impact and finish. This 2:1:1 ratio is the golf swing rhythm. Like tempo, it’s critical that you have the same rhythm for every club and every swing.

Insert your broker/dealer disclosures here. i.e. Securities offered through “Your B/D Name Here,” Member FINRA/SIPC.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[i] http://www.time.com/time/archive/

[ii] http://www.cbsnews.com/stories/2010/12/03/60minutes/main7114229.shtml

[iii] http://money.cnn.com/

[iv] http://www.econoday.com/

[v] http://online.wsj.com/article/SB10001424052748704767804575654713979746760.html

[vi] http://money.cnn.com/2010/12/03/news/international/south_korea_free_trade/index.htm

[vii] http://www.businessweek.com/ap/financialnews/D9JSM3C83.htm