Banach Wealth Management Sept. 30, 2009 Letter
Third Quarter 2009 Markets Review
Economic Recovery in process
How will it likely unfold?
Key Points
- 2009 Year to Date Total Returns
S&P 500 (1057) 19%
US 10 Yr Bond (3.31%) -17%
NASDAQ (2122) 34%
Foreign (EAFE) Stocks 22% - U.S. GDP expected contraction -2.3%
- 2009 earnings expected decline -11.7%
- Stock markets hit bottom in March
- Economic recovery started