27 Jan 2006

Posted at 15:03h in The Friday Brief by
The fans and dehumidifiers are gone and the office is dry, quiet, and empty.  We hope to have the walls and trim and paint restored this weekend, with our furniture soon to follow.  We are very thankful for the quick response of the building management and their contractors.  We are also delighted that our network has continued to run throughout the event without skipping a beat.  In the midst of the ruckus we installed our new website.  Please take a look – www.beaconinvest.com.

12 Dec 2003

Posted at 09:57h in The Friday Brief by
For the first part of the week market prognosticators were absorbed with the question of whether or not the Fed would remove the words “for a considerable period” from their comments indicating how long they might sustain short-term interest rates at these historic levels.  They did not.  Market watchers for the last part of the week have been focused on whether or not the Dow Jones Industrial Index would reach 10,000.   It did.

21 Dec 2001

Posted at 15:13h in The Friday Brief by
Did you really expect the U.S. Senate to come together at the last minute to craft a stimulus bill in time for Christmas?  The last target date for such an economic lifesaver was Thanksgiving.  They are further apart now than they were before Thanksgiving.  Senate Majority Leader Tom Daschle “Dr. No,” said the Senate wouldn’t take up the stimulus bill passed by the House early Thursday, or any other stimulus bill this year.  He left open the possibility that talks will resume when Congress returns in late January.  Investors took their anger to the markets yesterday as the Dow and S&P fell almost 1%.  The battered NASDAQ fell 3.25% on the failure because of its heavy dependence on an economic recovery.  Bondholders are paying attention to the bill because passage would lead to more government borrowing, while defeat would cap the supply of Treasury debt making bonds more expensive and rates lower.