Wednesday, May 15 2013 10:08 AM EDT2013-05-15 14:08:44 GMT
ORLANDO (WFTV/CNN) – Hurricane season is almost here and the National Hurricane Center has released its annual list of storm names. The list alternates between boy and girl names. The list kicks off withMore >>
Hurricane season is almost here and the National Hurricane Center has released its annual list of storm names.More >>
Friday, May 17 2013 11:23 PM EDT2013-05-18 03:23:44 GMT
A Hattiesburg High School senior will soon be on his way to the U.S. Naval Academy in Annapolis, Maryland. Parker Krag has received an appointment to the academy. He got his acceptance packet Friday morning.More >>
A Hattiesburg High School senior will soon be on his way to the U.S. Naval Academy in Annapolis, Maryland.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 17 2013 4:04 PM EDT2013-05-17 20:04:23 GMT
Grant Matheny with Arinder Logging says, "Used to it was all cut down by saws and pulled up with cable skidders. It's changed a lot but its still easy to get hurt if you don't pay attention." No betterMore >>
No better start to Pinebelt Tough than its own namesake. Agriculture is the number one Mississippi industry and forestry brought in more than $1.3 billion to the state in 2012. Our story begins with the loggers.More >>
South Korea says North Korea has fired three short-range guided missiles into its eastern waters. Pyongyang routinely test-launches such missiles.More >>
North Korea fired three short-range guided missiles into its eastern waters on Saturday, a South Korean official said. It routinely tests such missiles, but the latest launches came during a period of tentative diplomacy...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.
Saturday, May 18 2013 4:16 PM EDT2013-05-18 20:16:49 GMT
The North Lamar Water Association has issued a boil water notice for all of Bellewood Subdivision until further notice. It was issued just before 3 p.m. Saturday. Officials with the association sayMore >>
Officials with the association say a break in a main water line prompted the notice.More >>
Saturday, May 18 2013 2:39 PM EDT2013-05-18 18:39:09 GMT
Former Biloxi Mayor Pete Halat, now free from prison, still says he had no part in a murder plot that led to him spending almost 16 years in federal prison. Halat said he had "absolutely nothing" to doMore >>
Former Biloxi Mayor Pete Halat, now free from prison, still says he had no part in a murder plot that led to him spending almost 16 years in federal prison.More >>
Saturday, May 18 2013 1:58 PM EDT2013-05-18 17:58:29 GMT
Officials with the Jackson County Sheriff's department say the body of Timothy Gordon, Sr. was found just after 12 p.m. Saturday on the Escatawpa River. Friday evening around 5:30, Gordon and anotherMore >>
Officials with the Jackson County Sheriff's department say the body of Timothy Gordon, Sr. was found just after 12 p.m. Saturday on the Escatawpa River.More >>