Market News
Weekly Commentary 5/14/12
The markets mostly declined on Friday as shares ofU.S.banks slumped after J.P. Morgan Chase said it lost billions on bad trades. Gains in technology shares and increased consumer sentiment attempted to outweigh the bank losses. The Thompson Reuters/University ofMichiganpreliminary index of consumer sentiment advanced in April to its highest reading since January 2008. For the week, the Dow fell 1.50 percent to close at 12,820.60. The S&P dropped 1.06 percent to finish at 1,353.39 and the NASDAQ lost 0.76 percent to end the week at 2,933.82. Read More
Insights for Financial Planning - April 2012
How Uncle Sam Spends Your Tax Dollars
As we celebrate the end of tax season, I will soon be humming “It’s the most wonderful time of the year!” But after we put our tax returns in the mailbox, it would be wise to ask ourselves and our elected representatives, “What does the government do with our money?” Let’s follow the money trail and see where those tax dollars go... Read More
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