Let It Snow!

Let It Snow!

by Santa Ben (aka Ben Bernanke)

Oh the economy outside is frightful,

But the printing press is so delightful,

And since no one can tell us no,

Let It Snow! Let It Snow! Let It Snow!

We won't show any signs of stopping,

And we'll blow some bubbles for popping,

The rates are set way down low,

Let It Snow! Let It Snow! Let It Snow!

When we finally turn the press off at night,

How I'll hate going out in the storm!

But if you'll hold me and tell me I'm right,

All the way home I'll be warm.

Our currency is slowly dying,

And, my dear, we're still trying,

But as long as consumers say no,

Let It Snow! Let It Snow! Let It Snow!

Wishing you a Christmas & New Year filled with delight,

The Wiles Family

As we enter the year-end stretch, we do so on a high note. Since 1928, December has been one of the most profitable months of the year, up 1.8% on average. And December 2010 is turning out to be one of the best Decembers for equities in the last 82 years. The S&P 500 is up about 6% month-to-date, and 14% year-to-date. 

This bullishness and increasing bullish sentiment is setting us up to enter 2011 a tad over-bought, which naturally makes us nervous, but I guess over-bought is better than over-sold. 

So, in the Spirit of Christmas, I'll accept Ben's money falling from the sky, and not worry about the consequences until next year.

Be careful out there, and keep the lights on,

Chris Wiles, CFA

412-260-7917

www.rockhavencapital.com

For prior Rockhaven Views visit:

www.rockhavencapmgmt.blogspot.com

This article contains the current opinions of the author but not necessarily those of the Rockhaven Capital Management.  The author’s opinions are subject to change without notice. This article is distributed for informational purposes only. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed.