FRIDAY SEPTEMBER 11, 2009

Let's Go Red!

Stocks are indicated higher today, hopefully extending this week’s 2.7% advance in the S&P 500. The good news driving today’s move is Communist Red China’s announcement that industrial production rose 12.3% year-over-year in August and that Chinese retail sales increased 15.4%. Both numbers were better than expected. These are encouraging numbers for the world economy, particularly the Asian economy. There is no doubt that China is helping pull the world economy out of recession. For investors, some exposure to emerging market stocks is an essential part of a diversified portfolio.


So, although I have used this phrase many times in my life, I have never uttered it in the name of China, but what the hell! Let’s Go Red!

POSTED AT 1899-12-30 08:51:00.0

KEN ENTENMANN, CFA
SENIOR VICE PRESIDENT AND
THE DIRECTOR OF INVESTMENT MANAGEMENT SERVICES

Ken is a Senior Vice President and the Director of the Trust and Investment Services at Alliance Bank, N.A. He has 23 years of investment experience and oversees the management of assets totaling $1 billion. He holds a B.S. in Applied Economics and Business Management from Cornell University and an M.B.A. from the William E. Simon Graduate School of Business Administration at the University of Rochester. He has also earned his Chartered Financial Analyst designation. He is a member of the Executive Committee of the Trust Division of the New York Banker's Association. He is also a director of the Central New York Community Foundation.

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The opinions expressed here do not represent the views of Alliance Financial Corporation and Alliance Bank, N.A. This communication is not an offer or solicitation for the purchase or sale of any security, is for general informational purposes only and does not provide personalized investment advice. When making personal investment decisions you should consult your investment adviser or rely on your own research. Copyright 2008.