Quote of the week. "Imagination is the eye of the soul."- Joseph Joubert

Joblessness at 10.0%. This November figure is improved from October's 10.2%

mark. Another bright spot: payrolls slimmed by just 11,000 jobs last month.

(Analysts expected a reduction of around 125,000.) Are we on the verge of

adding jobs to the economy? The number of employed people rose by 227,000

last month, the first increase since April.¹

ISM indexes retreat a bit. The Institute for Supply Management's services

sector index went from 50.6 in October to 48.7 in November (read: contraction).

While ISM's manufacturing index went from 55.7 to 53.6 for November, a number

above 50 means growth.²

House says no to 0% estate taxes. By a vote of 225-200, the House of

Representatives voted to sustain current estate tax levels into 2010. With the

other house of Congress challenged for time and focused on healthcare reform

legislation, Senate aides told the Washington Post that the Senate may simply pass

a one-year extension of present estate tax law.³

Pending home sales up again. They rose 3.7% in October, as buyers raced to

qualify for federal credits. This is the ninth straight monthly increase.⁴

Factory orders increase 0.6%. The Commerce Department reported a healthy

October gain, the sixth advance in seven months. Economists expected orders to

stay flat.⁵

Stocks advance. The unexpectedly mild jobless numbers from the Labor

Department helped the NASDAQ, DJIA and S&P 500 gain more ground Friday. On

the week, the S&P 500 gained 1.32% to 1,105.89, the NASDAQ 2.61% to 2,194.35,

and the Dow 0.76% to 10,388.90.⁶

(Source: CNNMoney.com, ustreas.gov, bls.gov, 12/4/09)^7,8,9

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This was prepared by Peter Montoya Inc., and not the presenting Representative

or the Representative's Broker/Dealer, and should not be construed as investment advice.

The Dow Jones Industrial Average is a price-weighted index of 30 actively traded

blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index

of all over-the-counter common stocks traded on the National Association of

Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is

an unmanaged group of securities considered to be representative of the stock market in

general. It is not possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX)

operates two securities exchanges: the New York Stock Exchange (the "NYSE") and NYSE

Arca (formerly known as the Archipelago Exchange, or ArcaEx^®, and the Pacific

Exchange). NYSE Group is a leading provider of securities listing, trading and market

data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the

world's largest physical commodity futures exchange and the preeminent trading forum

 for energy and precious metals, with trading conducted through two divisions - the

NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX

Division, on which all other metals trade. All information is believed to be from reliable

sources; however we make no representation as to its completeness or accuracy. All

economic and performance data is historical and not indicative of future results. The

market indices discussed are unmanaged. Investors cannot invest in unmanaged

indices. The publisher is not engaged in rendering legal, accounting or other professional

services. If other expert assistance is needed, the reader is advised to engage the

services of a competent professional. Please consult your Financial Advisor for further

information. Additional risks are associated with international investing, such as

currency fluctuations, political and economic instability and differences in accounting

standards.

Citations.

1 news.briefing.com/GeneralContent/Investor/Active/ArticlePopup/ArticlePopup.aspx

?ArticleId=NS20091204092343HeadlineHits [12/4/09]

2 biz.yahoo.com/c/e.html [12/4/09]

3 washingtonpost.com/wp-dyn/content/article/2009/12/03/AR2009120304433.

html?hpid=topnews [12/3/09]

4 bloomberg.com/apps/news?pid=20601087&sid=aCpsPN33fa1E&pos=3 [12/1/09]

5 cnbc.com/id/34273280/ [12/4/09]

6 cnbc.com/id/34279490 [12/4/09]

7 money.cnn.com/data/markets/dow/ [12/4/09]

7 money.cnn.com/data/markets/nasdaq/ [12/4/09]

7 money.cnn.com/data/markets/sandp/? [12/4/09]

7 money.cnn.com/quote/historical/historical.html?pg=hi&close_date=12%2F4%2F08&mode

=add&symb=DJIA [12/4/09]

7 money.cnn.com/quote/historical/historical.html?pg=hi&close_date=12%2F3%2F04&mode

=add&symb=DJIA [12/4/09]

7 money.cnn.com/quote/historical/historical.html?pg=hi&close_date=12%2F3%2F99&mode

=add&symb=DJIA [12/4/09]

7 money.cnn.com/quote/historical/historical.html?pg=hi&close_date=12%2F4%2F08&mode

=add&symb=COMP [12/4/09]

7 money.cnn.com/quote/historical/historical.html?pg=hi&close_date=12%2F3%2F04&mode

=add&symb=COMP [12/4/09]

7 money.cnn.com/quote/historical/historical.html?pg=hi&close_date=12%2F3%2F99&mode

=add&symb=COMP [12/4/09]

7 money.cnn.com/quote/historical/historical.html?pg=hi&close_date=12%2F4%2F08&mode

=add&symb=SPX [12/4/09]

7 money.cnn.com/quote/historical/historical.html?pg=hi&close_date=12%2F3%2F04&mode

=add&symb=SPX [12/4/09]

7 money.cnn.com/quote/historical/historical.html?pg=hi&close_date=12%2F3%2F99&mode

=add&symb=SPX [12/4/09]

8 ustreas.gov/offices/domestic-finance/debt-management/interest-rate/real

_yield.shtml [12/4/09]

8 ustreas.gov/offices/domestic-finance/debt-management/interest-rate/real_yield_

historical.shtml [12/4/09]

9 treasurydirect.gov/instit/annceresult/press/preanre/1999/ofn100699.pdf [10/6/99]