We all are aware that the second half of 2008 brought severe financial challenges. The credit crisis, struggling economy and erratic equity markets shook up almost every American household. Based on the fact that it was the worst year for the stock market since 1931, it is fair to assume that it may be the worst financial crisis you’ll experience in your lifetime.

Turning the corner, however, things look much brighter. You’ve probably noticed that even the press is beginning to post positive headlines. Yahoo! Could it be that the New Year’s optimism will turn things around? Probably not on its own, but when you couple the New Year’s positive sentiment with new leadership, a tax cut (now expected to reach $300 billion) and the likelihood that most of the recession is behind us, things sure look better.

While we believe 2009 will be a positive year for investors we still encourage you to communicate with us frequently. Any question is a good question, all concerns need to be addressed and changes in your life, career or goals can impact how we managed your money. Think of us as your financial doctor and when something we are not privy to arises, let us know.

On behalf of everyone at Colgan Capital I would like to extend our sincere appreciation for your business, friendship and trust. We are likewise committed and look forward to a prosperous New Year.

On a personal note, I would like to share with you a recent picture of Christopher and Emily. They really enjoyed Christmas this year and I must say that Kathy and I had more fun than we have ever had. We hope you also enjoyed the holidays.