Banach Wealth Management Apr. 30, 2010 Letter
April 2010 Financial Markets Review
Sell in May or Stay?
Key Points
- 2010 Year To Date Returns
S&P 500 (1186) 7%
U.S. 10 Yr. Bond (3.66%) 3%
NASDAQ (2461) 9%
Foreign (EAFE) Stocks -1% - U.S. GDP expected expansion = 3+%
- 2010 earnings expected increase = 35%
- 14 month stock market advance continues
- Solid economic recovery in process