Banach Wealth Management May 31, 2011 Letter
May 2011 Markets Review
Short Term Risky Trades Taken Off
Added Government Policy Uncertainties
Key Points
- 2011 Year to Date Total Returns
S&P 500 (1345) 8%
US 10 Yr Bond (3.05%) 3%
NASDAQ (2835) 7%
Foreign (EAFE) Stocks 6% - US GDP expected expansion 2.8%
- 2011 expected earnings growth 14%
- Modest economic recovery