Banach Wealth Management Jan. 31, 2011 Letter
January 2011 Month-end Markets Review
Earnings and economy are growing as expected
Key Points
- 2011 month to date total returns
S&P 500 (1286) 2%
U.S. 10 Yr Bond (3.37%) 0%
NASDAQ (2700) 2%
Foreign (EAFE) Stocks 2% - 2011 U.S. GDP expected expansion 3.4%
- 2011 expected earnings increase 15%
- Stock market price advance 5 months
- Modest jobless economic recovery