Banach Wealth Management Jan. 02, 2011 Letter
2010 Financial Markets Year End Review
It was a good year
from euro adjustments to tax rate extensions
Profits flowed and investors cheered
It was a good year
- to paraphrase Frank Sinatra
Key Points
- 2010 Total Returns
S&P 500 (1257) 15%
U.S. 10 Yr Bond (3.29%) 6%
NASDAQ (2652) 17%
Foreign (EAFE) Stocks 5% - U.S. GDP expected expansion 2.6%
- 2010 expected earnings growth 43%
- Stock market price advance 4 months
- Jobless abnormal economic recovery