Banach Wealth Management Feb. 28, 2011 Letter
February 2011 Month-end Markets Review
Rare Secular Bull or Late Stage
Normal Cyclical Bull Stock Market?
Key Points
- 2011 year to date total returns
S&P 500 (1327) 6%
US 10 Yr Bond (3.42%) 0%
NASDAQ (2782) 5%
Foreign (EAFE) Stocks 6% - U.S. GDP expected expansion 3.3%
- 2011 expected earnings increase 15%
- Stock market price advance 6 months
- Modest jobless economic recovery