Banach Wealth Management Apr. 01, 2010 Letter
First Quarter 2010 Mild Advance
Cautiously Enjoy Strong Earnings Impact
Key Points
- 2010 Year to Date Returns
S&P 500 (1168) 5%;
U.S. 10 Yr. Bond (3.83%) 1%;
NASDAQ (2397) 6%;
Foreign (EAFE) Stocks 1% - U.S. 2010 expected growth 3%
- 2010 Expected Earnings increase 31%
- 12 month stocks advance continues
- Solid economic recovery