Banach Wealth Management Apr. 30, 2011 Letter
April 2011 Markets Review
Helicopter Ben, Earnings, Speculation, and Debt
Extremely Stimulative Monetary Policy
continues to boost earnings and speculation
Key Points
- 2011 Year to Date Total Returns
S&P 500 (1363) 9%
US 10 Yr. Bond (3.30%) 1%
NASDAQ (2873) 8%
Foreign (EAFE) Stocks 9% - U.S. GDP expected expansion = 2.9%
- 2011 expected earnings growth = 16%
- Stock market - trend remains positive
- Modest economic expansion