Government Actions to end the Banking Crisis

Posted March 20, 2009 by admin. tags:Tags: , ,

We thought you would enjoy this short 2 1/2 minute video from Forbes.com. If you can't see the video, visit this link http://video.forbes.com/fvn/talkback/rk_vlog031709.

Feel free to leave comments.

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Shannon Golladay
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shannon at paragonwealth.com

Letter from Congress in reply to a blog post

Posted March 11, 2009 by admin. tags:Tags: , , ,
Letter from Representative Jason Chaffetz

A couple weeks ago we gave Congressman Jason Chaffetz a copy of a blog post that Dave Young wrote for Utah Business Magazine’s blog titled, “Stimulus for Utah?” This was his reply. We thought you might find it interesting. It is also written below to make it easier to read.

Dear Dave,

I agree with the points made in your blog post entitled “Stimulus for Utah? Thank you for giving a copy of the article to my staff during our recent ribbon-cutting ceremony at our Provo office. It is heartening to see citizens with an acute awareness of our current economic problems and dedication to solving those problems.

I assure you that no one is more dedicated than I to getting America back on the right track, economically and otherwise. In order to do that something needed to be done, but I have maintained since its inception that the American Recovery and Reinvestment Act of 2009 was not what we needed. This pork-laden bill may end up only putting us in the worse situation.

Your point about the return on investment for Utahans is particularly adept, as is your observation that this bill is hardly a bipartisan one. Our hope now lies in the American people; we have risen from difficulty in the past despite the oft-obstructing attempts of our too-big government to solve our problems from us. Now that the bill is passed it is my hope that Americans like you and me, can collectively solve our current difficulties and usher America into a more stable, prosperous, and responsible economic future.

Sincerely,
Jason Chaffetz
Member of Congress

Paragon Wealth Management Webinar/Seminar Schedule
Are you worried about the stock market and economy? Listen to our free webinars online or at our office.

Thursday, March 19 (12:30-1:30 p.m. MST)
Wednesday, April 8 (6:00-7:00 p.m. MST)
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Tuesday, May 5 (5:00-6:00 p.m. MST)

R.S.V.P.
Shannon Golladay
801-375-2500
shannon at paragonwealth.com

Watch Tech…

Posted March 4, 2009 by admin. tags:Tags: , , ,
The S&P 500 Watch

Written by Nathan White, CFA

One of the areas in the market that looks attractive right now is the Tech sector. In the fourth quarter of 2008 the Tech sector was down 26%, which was about 3.4% worse than the S&P 500. Recently as many sectors and broad indexes have broken their November lows the Tech sector has not reached new lows and is showing good relative strength.

This sector has a good record of leading the market during rallies and is an area that we monitor for clues as to when the market might turn. Many bear market studies show that defensive sectors perform well before a market bottom is reached and the higher beta sectors, such as Technology, perform best after a bottom.

Does the Tech out-performance signal that we’ve hit a bottom? In the short-term it is too hard to tell, but since Tech usually leads on the upside and downside it is interesting to see it holding up as many sectors have continued to break down. The forward PE of the sector is 13.4 — a number not seen since before the late 90’s tech boom. We currently hold a position in the sector and like the signs it is showing that indicate a good rally could be near.

Stay tuned…

Paragon Wealth Management Webinar/Seminar Schedule
Are you worried about the stock market and economy? Listen to our free webinars online or at our office.

Thursday, March 19 (12:30-1:30 p.m. MST)
Wednesday, April 8 (6:00-7:00 p.m. MST)
Thursday, April 23 (12:30-1:30 p.m. MST)
Tuesday, May 5 (5:00-6:00 p.m. MST)

R.S.V.P.
Shannon Golladay
801-375-2500
shannon at paragonwealth.com

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