TUESDAY JUNE 1, 2010

More Good News

Manufacturing grew faster than forecast in the month of May.  Factories added workers in the month.  Export demand was near a two decade high.  And construction spending rose in April by most since the year 2000.  The result?  Dow down 112!

Irrational pessimism has taken over the market.  No matter what the news, the market is stuck in a hyper-negative mood for the moment.   Greek contagion, the Euro and the oil spill dominate the headlines.  Meanwhile, the strong economic news continues to flow and no one seems to notice.  For the brave at heart, this should prove to be a great opportunity.

POSTED AT 1899-12-30 16:09:00.0

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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