Banach Wealth Management Oct. 1, 2008 Letter
Third Quarter 2008 Markets Review
Chaotic Credit Markets
A September To Remember
Key Points
- Year To Date 2008 Total Returns
S&P 500 (1164) -19%
US 10 Yr Bond (3.84%) +2%
NASDAQ (2082) -22%
Foreign (EAFE) Stocks -27% - 2008 US GDP expected growth = 1%
- 2008 earnings expected decline =-4%
- Negative 2008 portfolio returns