Monthly Archives: December 2013

“Your Financial Choices”

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“Your Financial Choices”   The show airs on WDIY
Wednesday evenings, from 6-7 p.m. The show is hosted by Valley National’s
Laurie Siebert CPA, CFP®, AEP®.  This
week, Laurie welcomes guest Benjamin M. Tenaglia, III, Vice President and Portfolio Manager at Valley National Financial Advisors to discuss what it means to be a fiduciary and fiduciary investing in a trust environment. 

This show will be broadcast at the regular time.
WDIY is broadcast on FM 88.1 for reception in most of the Lehigh Valley; and,
it is broadcast on FM 93.9 in the Easton and Phillipsburg area; and, it is
broadcast on FM 93.7 in the Fogelsville and Macungie area – or listen to it
online from anywhere on the internet.  For more information, including how
to listen to the show online, check the show’s website www.yourfinancialchoices.com
and visit www.wdiy.org. 


Personal Notes

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“And he is taking new patients”,   somewhat excitedly replied my close relative
when he described his search for a cardiologist.  This remark hit me – I suspect many U.S.
healthcare consumers in the future will be using this term (hopefully) as they
search for medical professional to handle their needs.  With the current trend in healthcare, I
reckon many in the U.S. will be searching for healthcare professional at the
same time many healthcare professionals will be closing their practice to new
patients.  Conversationally, the American
population will use the phase, “taking new patients” or “not taking new
patients” more and more frequently.

The Markets This Week

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‘Tis the season for stock-market gains.

How else can yet another all-time market high be
explained in a week lacking any obvious catalyst beyond the start last Thursday
of the holiday season, a traditionally auspicious time for equities.


Though prices
closed off highs, stocks rose 0.1% in a shortened trading week. Many pros are
looking—maybe hoping—for a sizable stock-market pullback before year end, even
a minor one, but that’s increasingly looking like a low-probability event
against the powerful upward inertia seen all year. Apart from those few
investors who remain short, few will find lumps of coal from Santa this year.


In the eighth-straight week of gains, the Dow Jones
Industrial Average rose 22 points, or 0.1%, to 16,086.41. The Standard &
Poor’s 500 index rose one point, to 1,805.81, down slightly from Wednesday’s
record close of 1,807.23.  The Nasdaq
Composite index picked up 68 points, or 1.7%, to 4,059.89.


It’s hard to see anything other than seasonal bias
and inertia behind the latest rise, says Mark Luschini, chief investment
strategist at Janney Montgomery Scott. The market has defied the ubiquitous
correction warnings, “forcing investors to commit long for fear of being
trampled” by the well-known holiday predilection, he adds (Source:  Barrons Online).