Banach Wealth Management May 31, 2010 Letter
May 2010 Financial Markets Review
Economic & Political Events
fuel panic selling
Key Points
- 2010 Year to date Total Returns
S&P 500 (1089) -1%
U.S. 10 Yr. Bond (3.30%) 5%
NASDAQ (2257) -1%
Foreign (EAFE) Stocks -14% - U.S. GDP expected expansion = 3+%
- 2010 earnings expected increase = 35%
- Stock market correction after 14 mo. advance
- Solid economic recovery in process