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Banach Wealth Management Aug. 31, 2011 Letter

Thursday, September 1st, 2011

Global and U.S. equity markets decline amid
uncertainty. Are markets pricing a recession?

Key Points

  • August, 2011 YTD Total Returns
    S&P 500 (1218)                      -2%
    US 10 YR Bond (2.23%)          10%
    NASDAQ (2579)                     -3%
    Foreign (EAFE) Stocks            -8%
  • U.S. GDP expected expansion     1.8%
  • 2011 expected earnings increase 16%
  • Stock market - negative correction
  • Questionable economic recovery

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Banach Wealth Management Aug. 1, 2011 Letter

Thursday, August 25th, 2011

U.S. government debt limit uncertainties
dominated July financial markets while
generally good Q2 earnings were reported

Key Points

  • July, 2011 YTD Total Returns
    S&P 500 (1292)                    4%
    US 10 Yr Bond (2.82%)         5%
    NASDAQ (2756)                    4%
    Foreign (EAFE) Stocks           1%
  • U.S. GDP expected expansion     2.5%
  • 2011 expected earnings increase 16%
  • Stock market prices - cautious decline
  • Jobless abnormal economic recovery

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Banach Wealth Management June 30, 2011 Letter

Thursday, June 30th, 2011
2011 First Half Financial Markets Review
Earnings Growth continues to lead
Employment Growth;
U.S. Debt Ceiling and Deficit Agreements
Are Critical for Future U.S. Prosperity
Key Points
  • 2011 First Half Total Returns

    S&P 500 (1320)                          6%
    U.S. 10 Yr Bond (3.16%)             2%
    NASDAQ (2773)                          5%
    Foreign (EAFE) Stocks                 3%

  • U.S. GDP expected expansion = 2.6%
  • 2011 expected earnings increase 16%
  • Stock market prices = trend less
  • Abnormal jobless economic recovery

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Banach Wealth Management May 31, 2011 Letter

Wednesday, June 1st, 2011
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

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Banach Wealth Management Apr. 30, 2011 Letter

Saturday, April 30th, 2011
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

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Banach Wealth Management Apr. 01, 2011 Letter

Saturday, April 2nd, 2011
First Quarter, 2011 Financial Markets Review
Extremely stimulative monetary policy
continues to boost earnings
in moderately growing economy
Watch the Net Profit Margins!
Key Points
  • 2011 1st Qtr Total Returns
    S&P 500 (1328)                        6%
    US 10 Yr T Bond (3.46%)          0%
    NASDAQ (2777)                        5%
    Foreign (EAFE) Stocks               3%
  • US GDP expected expansion      3.3%
  • 2011 expected earnings increase 14%
  • Stock market trend remains positive
  • Modest economic expansion

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Banach Wealth Management Feb. 28, 2011 Letter

Tuesday, March 1st, 2011
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

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Banach Wealth Management Jan. 31, 2011 Letter

Tuesday, February 1st, 2011
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

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Banach Wealth Management Jan. 02, 2011 Letter

Monday, January 3rd, 2011
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

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Banach Wealth Management Nov. 30, 2010 Letter

Wednesday, December 1st, 2010
November 2010 Financial Markets Review
Is Investor Confidence justified?
Key Points
  • 2010 Year to date Total Returns
    S&P 500 (1180)                    7%
    US 10 Yr Bond (2.80%)       10%
    NASDAQ (2498)                  12%
    Foreign (EAFE) Stocks         -1%
  • U.S. GDP expected expansion  2.6%
  • 2010 expected earning growth 42%
  • Stock market is trendless
  • Jobless abnormal economic recovery

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