Markets rebound to some good news

Global financial markets rebounded as news out of China, Europe and the US restored confidence in the world's economic recovery. In the US, the Dow Jones Industrial Average rose 249.76 points (2.27%) and ended a three-day drop. The rally was sparked by the encouraging economic reports from the payroll number showing private employers adding more jobs in November; manufacturing also showed a 16 month growth, and the Fed's "beige book" indicated that the US recovery is strengthening.

With these encouraging economic numbers, we continue to add more toward equities to our portfolios especially if we get a meaningful stock market pullback. We still feel that the stock market will outperform moving towards the end of the year and continue into the 1st quarter of 2011.