Friday, May 24 2013 9:35 AM EDT2013-05-24 13:35:10 GMT
According to Biloxi police, a gun went off inside the downtown Biloxi Waffle House early Friday morning. The bullet shattered one of the restaurant's windows. Moments later, the gun's owner was takenMore >>
According to Biloxi police, a gun went off inside the downtown Biloxi Waffle House early Friday morning. The bullet shattered one of the restaurant's windows. Moments later, the gun's owner was taken to jail. Police say Sam Edward Yu is charged with attempted aggravated assault with a deadly weapon. The 21-year-old is from Montgomery, Alabama.More >>
Monday, May 13 2013 12:24 PM EDT2013-05-13 16:24:04 GMT
MARION COUNTY, MS (WDAM) - A weekend-long drug raid left 22 individuals behind bars, and more arrests to come. According to Marion County Sheriff Berkley Hall, the drug raid is the result of severalMore >>
A weekend-long drug raid left 22 individuals behind bars, and more arrests to come.More >>
Friday, May 24 2013 6:49 AM EDT2013-05-24 10:49:03 GMT
It's a voyage that helps introduce tourists to those small waterfront towns that they may not ordinarily think to visit. A cruise ship docked in Biloxi on Wednesday night. Then on Thursday, passengersMore >>
It's a voyage that helps introduce tourists to those small waterfront towns that they may not ordinarily think to visit. A cruise ship docked in Biloxi on Wednesday night. Then on Thursday, passengers visited several attractions including the Biloxi lighthouse and the visitors center. The Grande Caribe set sail from New Orleans and will continue on until it reaches St. Petersburg. Crew members said it's the stops along the way that makes these small cruises stand out.More >>
Friday, May 24 2013 1:16 PM EDT2013-05-24 17:16:06 GMT
Throughout the weekend there are several locales on the Gulf Coast offering plenty in honor of Memorial Day. 12th Annual St. Ann's Catfish Festival The Lizana Community's very own St. Ann's CatholicMore >>
Throughout the weekend there are several locales on the Gulf Coast offering plenty in honor of Memorial Day.More >>
An 87-year-old grandmother took on billionaire Donald Trump. And on Thursday - she lost.More >>
An 87-year-old grandmother took on billionaire Donald Trump. And on Thursday, she lost.More >>
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Optimism on future of the economy rises dramatically
NEW YORK, Feb. 28, 2013 /PRNewswire/ -- Penton's WealthManagement.com Advisor Confidence Index (ACI), a benchmark of financial advisors' views on the U.S. economy and the stock market, rose by 8.4% in February 2013 to end at 109.7, the highest level it has been since April 2012.
WealthManagement.com's Advisor Confidence Index (ACI) is a monthly benchmark with an eight-year history that gauges registered investment advisor (RIA) views on the U. S economy and the stock market. ACI data is compiled from a survey 300+ panel members that work at leading RIA firms who are prequalified for their industry experience and assets under management. The survey asks advisors for their views on the outlook for the economy now, in six months, in twelve months, and on the stock market.
February marks the third month in a row that the index has climbed higher, since suffering an 11% decline in November, reflecting uncertainty surrounding the election and the resolution of the fiscal cliff. Since then, markets have climbed 10% and advisor confidence has rebounded.
"Clearly, the U.S. economy is mending," says ACI panelist William Green of GL Capital Partners. "Home sales, employment and confidence all look stronger. Expect a few bumps or flare ups along the way, but the U.S. economy is forming a positive base. My outlook for 2013 and 2014 remains quite positive."
All four components of the ACI experienced an increase in confidence over the prior month:
Current economic outlook + 5.2%
Six-month economic outlook + 7.0%
12-month economic outlook + 18.0%
Stock market outlook + 4.3%
Survey participants are clearly optimistic about the near-term future of the economy, but many think the recent market boom is being fueled more by federal stimulus spending than economic fundamentals. And while the near term may look positive, dangers lurk further out.
"As long as the Fed is artificially suppressing interest rates and treasury rates have seemed to hit bottom, money will flow to equities as it searches for yield," says ACI panelist Rick Horton of WealthPlan Advisors. "Once governments start down the road of printing money, they are like an addict and have a hard time giving it up. When the Fed announces that they no longer will suppress rates, then we should see a bubble of some sort in both the bond and equity markets. Probably won't happen for twenty four to thirty six months."
As the digital resource of REP. and Trusts & Estates, www.WealthManagement.com provides everything wealth professionals need to know to stay knowledgeable about the industry, build stronger relationships, improve their practice, and grow their business-all from one site. It boasts more than 60 editorial contributors who provide content for the more than 645,000 members of our wealth management community.
For millions of business owners and decision-makers, Penton makes the difference every day. We engage our professional users by providing actionable ideas and insights, data and workflow tools, community and networking, both in person and virtually, all with deep relevance to their specific industries. We then activate this engagement by connecting users with tens of thousands of targeted providers of products and services to help drive business growth. Learn more about our company at www.penton.com.
Penton is a privately held company owned by MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP.
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