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DEIGHAN ASSOCIATES, INC. - REGISTERED INVESTMENT ADVISOR
455 HARLOW STREET BANGOR, MAINE 04401 - TELEPHONE 207.990.1117
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INVESTMENT QUARTERLY
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Spring 2009
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MARKET COMMENTARY
In late February, we sent a brief commentary to clients in which we asserted that this crisis too shall pass. We were hoping to calm a few nerves and provide readers with a reason to keep their white-knuckled grips wrapped firmly around the roller coaster bar. A few days later, the Dow Jones Industrial Average fell below 7,000 to its lowest level in 12 years, testing even our own resolve. Since then, the market has rallied 20% in four weeks. This doesn't say much about how right or wrong we were, but it does illustrate the extreme irrationality gripping equity markets, irrationality that can be misleading and dangerous.
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THE SECURITIES CUSTODIAN
For the second time within a ten-year span we find ourselves wrestling with an economic crisis that has impacted not only investor portfolios, but also their trust. As hard as it has been to endure the recent portfolio volatility, observing the level of fraud perpetrated by the likes of Madoff Securities and Standford Investments has been equally, if not more, unnerving. While we spend most of our business effort focused upon your investment objectives, asset allocation, and security selection, we pay careful attention to the physical safety of your securities as well. In light of the recent disturbing headlines, we thought it might be useful to address this issue.
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Full Newsletter in Adobe Acrobat© .PDF file format
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| Daily price performance for the NASDAQ, Dow Jones Indus Avg, and S&P 500
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Deighan Associates, Inc. is an SEC Registered Investment Advisor. It is neither offering nor
rendering personalized investment advice or financial planning advice through this web site.
This site is limited to dissemination of general information about the Advisor's services.
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Deighan Associates, Inc. may transact business only in states in which it is registered, or
in which it is excluded or exempted from registration. Deighan Associates, Inc. is currently
registered in Maine, New York, and Florida, and has de minimus exemption to transact business for clients
in other states.
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Deighan Associates, Inc. can only render advice after the delivery of a Disclosure Statement
and the execution of an Agreement to Provide Investment Management Services or Consultation
Agreement signed by the client and the firm.
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© 1998-2009 Deighan Associates, Inc.
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