Banach Wealth Management Nov. 3, 2010 Letter
Thursday, November 4th, 2010October 2010 Financial Markets Review
U.S. citizens vote for political change again!
Key Points
- 2010 Year to date Total Returns
S&P 500 (1183) 7.5%
U.S. 10 Yr Bond (2.61%) 12%
NASDAQ (2507) 10.5%
Foreign (EAFE) Stocks 4% - U.S. GDP expected expansion 2.6%
- 2010 earnings expected increase 42%
- Stock market small upward bias
- Jobless abnormal economic recovery