What Holiday…the Economy is HORRIBLE!!!

23 12 2009

by Mike Carignan, CRPC

I am a very reluctant shopper so it’s not going to be overly surprising to hear that I still have some last-minute Holiday shopping to do. I have been reading the newspaper articles and watching the financial news networks consistently over the last month, so I’ve been bombarded with the news that the economy is still floundering and there is no end in sight for the horrible conditions. I have also been watching the markets and continue to see them recover as normal, which seems a little strange if the doom and gloom is accurate. Then I was utterly shocked yesterday afternoon.

I decided to head over to the St. John’s Town Center to grab lunch and maybe pick up a gift card from the Apple store. WOW! Big mistake for someone who doesn’t especially like crowded shopping centers. Driving over, the roads were crowded, but I figured “The economy is struggling so no one is actually going to be in the stores buying. I’ll just pop in pay for the card and leave”

Now let’s fast forward through the next 20 minutes it took to get from the door to the checkout clerk to pay for the little plastic card sitting on the counter. The store was packed!

Now am I saying that the economy is completely recovered based on visiting one Apple store? No.

What I am saying is that keeping the longer term trend of ups and downs in mind and recognizing the overall market cycle is better than dwelling on the remaining turbulence in the market. The Holidays are about remembering the preceeding year both good and bad but, most importantly,  celebrating the good with Family and Friends. Be happy in the fact that the markets and the economy continue to improve, even if it’s a little slower than in the past.

So here’s the best advice I can give for a Happy Holiday Season…Turn off the News and spend some quality time with someone important!

 

This blog is for informational purposes only.  This is neither an offer to purchase nor sell any securities.  All investing involves the potential of loss – including invested principal.  Indices quoted are general barometers of security price movement.  You cannot invest directly in an index.  All information is obtained from sources deemed reliable but not guaranteed.  Past performance is not a guarantee of future performance.  No tax or legal advice is given nor intended.

Investment advisory services provided by PARAGON Wealth Strategies, LLC, a registered investment advisor. 

10245 Centurion Pkwy. N. Ste 105, Jacksonville FL 32256   (904) 861-0093

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