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UCS Morning Update

Good morning everyone. I hope the week is off to a great start for everyone. The confirmation hearing of Supreme Court nominee Sonia Sotomayer continues for a third day. I am able to watch the hearings on public television throughout the day and they seem to be going well. Republicans senators are really trying to push the envelope, trying to trip the nominee up and force her to make a mistake, but the nominee is having none of it. Expect fireworks today. I can feel the tension oozing out of the TV screen. Go Sotomayer, Go!

On a financial markets note, expect a little action in the markets today. I think there is a feeling that although unemployment will continue to rise, the recession has basically ended and the job losses that we are continuing to see is more a matter of businesses repositioning and transforming to compete in a drastically changed competitive environment. Again, I have been touting technology stocks as a good investment because many tech companies, especially the larger caps had pretty good balance sheets to start with- lots of cash and have been able to weather the down-turn pretty well. In my next post I will try to post three technology ETF funds that I think will do well going forward.

July 15,2009 9:23 AM
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