Banach Wealth Management Aug. 31, 2008
August Month End 2008 Markets Review
Market Churns; Long Shallow Recession
Key Points
- Year to Date 2008 Total Returns
S&P 500 (1282) -11%
US 10 Yr Bond (3.85%) +3%
NASDAQ (2367) -11%
Foreign (EAFE) Stocks -19% - 2008 US GDP expected growth = 1%
- No 2008 earnings growth expected
- Negative 2008 portfolio returns likely