Rebella Accountancy | 507 E. First Street, Suite A | Tustin, CA 92780 | Phone: 714-619-0667 | Fax: 714-544-0236




Monica Rebella, CPA

Rebella Accountancy


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- Actual vehicle expense method may help offset higher gas prices
- IRS streamlined offer-in-compromise program aims to cut red tape
- New broker-reporting rules: burden to brokers a boon to taxpayers

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Although I don't mention it often to clients, in addition to Accounting & Tax services I also provide Financial Planning & Asset Management services for those of you who have investments.  As a registered IAR (Investment Advisor Representative) I also watch the "markets" and give you my insight on what's happening and how it might affect your investments.  I hope you enjoy it!  Monica

Six Flags Magic Mountain, Lots of Roller Coasters


Six Flags Magic Mountain in Valencia, CA has quite a few roller coasters. Some are bigger than others, some are quiet, some are loud. The drops are all different sizes.


The nice thing is you know what is going to happen if you have ridden them once before. Sometimes you may forget a turn or two, but overall you know where the drops are.


The problem in the market right now is people can only remember the big last roller coaster we rode in 2008 and 2009. Well, we have all ridden this before also numerous times. 10% drops are normal for the market.


They are also normal for the month of August as we've seen today with the 500+ point drop in the DOW and now official 10% correction marks hit also for the S&P and NASDAQ.


This roller coaster has unfortunately been ridden 90 times prior. People are just worried it the same one we rode last time. The catalyst driving this forward is the fact that Washington made a mess of the debate of the so called debt ceiling.


This may sound like a broken record, but corporate earnings continue to escalate and beat their estimates as well as the quarter over quarter earnings. This is great for the market.


However, the CEO's are not ready to hire which is the main problem due to the uncertainty in Washington. It is hard to enter a double dip recession when corporate earnings are doing well.


Just because consumer spending is flat does not mean corporate earnings will fall. These profits as they continue will force the market higher as savings are picking up (supply/demand).


Our year-end estimates are still intact for the S&P to be above 1400. Based upon research it appears the third quarter will be tough and we would start coming out of it towards the end of the quarter.


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As always you can call me at 714-619-0667 if you have any questions about investing, retirement or any other tax & accounting related issues. 


Regards, Monica Rebella, CPA

President, Rebella Accountancy

Disclaimer:  The opinions contained herein are not intended to be investment advice or a solicitation to buy or sell any securities. With any investment you should carefully consider the investment objectives, potential risks, management fees, and charges and expenses before investing.  Past performance is not a guarantee of future results. The investment return and principle value of any investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

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Monica Rebella, CPA | President - Rebella Accountancy | Certified Public Accountants
507 E. First Street, Suite A | Tustin, CA 92780 | Phone: 714-619-0667 | Fax: 714-544-0236
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