Flourishing Finish to a Memorable 3rd Quarter

Stocks blazed ahead in September. The Dow soared 4%, the broader S&P 500 index rose 3.6% and the tech heavy Nasdaq Composite gained 4% for the month. We rode through painful declines during the summer, however, to be in position to enjoy these September gains.

The third quarter was a roller coaster for stocks, starting with mid-summer highs followed by swift drops through mid-August when credit woes drove major indices down. Oil prices hit a high and the dollar hit a low against the Euro. The Federal Reserve helped in September with a half point cut in short-term interest rates. By quarter end, the Dow recovered to close up 3.6%, and the S&P 500 finished just 1.5% ahead.

An action-packed quarter like the one just past clearly demonstrates the value of a discipline like Upgrading, and how important it is to stick to the strategy and not react emotionally. It’s not always easy to stay invested -- particularly for new subscribers who have yet to build up significant profits -- but the discipline to follow the system is necessary if you expect to participate in Upgrading’s strong long-term performance.

Read This Important Notice:
This quarterly commentary is prepared by DAL Investment Company and excerpted from NoLoad Fund*X newsletter and represents the opinions of its investment management personnel only. As market conditions change quickly, this commentary is only a snapshot of our point of view as of the date of the commentary. Investors are cautioned not to invest based on the opinions expressed herein.