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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November 4th, 2010
October 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
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September 30th, 2010
Third Quarter 2010 Financial Markets Review
Unexpected recovery of most Second Quarter Losses
Key Points
- 2010 Year to Date Total Returns
S&P 500 (1141) 3%
US 10 Yr Bond (2.51%) 13%
NASDAQ (2368) 4%
Foreign (EAFE) Stocks -1%
- U.S. GDP expected expansion 2.7%
- 2010 earnings expected increase 40%
- Stock market small upward bias
- Jobless abnormal economic recovery
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July 30th, 2010
July 2010 Financial Markets Review
Key Points
- 2010 Year to Date Total Returns
S&P 500 (1101) 0%
U.S. 10 Yr. Bond (2.91%) 9%
NASDAQ (2254) -1%
Foreign (EAFE) Stocks -6%
- 2010 U.S. GDP expected expansion 2.9%
- 2010 earnings expected increase 34%
- Trading range bound stock market
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July 1st, 2010
First Half 2010 Weak Financial Markets Review
Expect Second Half Trading Range Bound Market
Key Points
- 2010 Year to date Total Returns
S&P 500 (1030) -7%
U.S. 10 Yr. Bond (2.94%) 8%
NASDAQ (2109) -7%
Foreign (EAFE) Stocks -16%
- U.S. GDP expected expansion = 3%
- 2010 earnings expected increase = 34%
- Stock market correction after 14 mo. advance
- Economic recovery in process
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May 31st, 2010
May 2010 Financial Markets Review
Economic & Political Events
fuel panic selling
Key Points
- 2010 Year to date Total Returns
S&P 500 (1089) -1%
U.S. 10 Yr. Bond (3.30%) 5%
NASDAQ (2257) -1%
Foreign (EAFE) Stocks -14%
- U.S. GDP expected expansion = 3+%
- 2010 earnings expected increase = 35%
- Stock market correction after 14 mo. advance
- Solid economic recovery in process
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April 30th, 2010
April 2010 Financial Markets Review
Sell in May or Stay?
Key Points
- 2010 Year To Date Returns
S&P 500 (1186) 7%
U.S. 10 Yr. Bond (3.66%) 3%
NASDAQ (2461) 9%
Foreign (EAFE) Stocks -1%
- U.S. GDP expected expansion = 3+%
- 2010 earnings expected increase = 35%
- 14 month stock market advance continues
- Solid economic recovery in process
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April 1st, 2010
First Quarter 2010 Mild Advance
Cautiously Enjoy Strong Earnings Impact
Key Points
- 2010 Year to Date Returns
S&P 500 (1168) 5%;
U.S. 10 Yr. Bond (3.83%) 1%;
NASDAQ (2397) 6%;
Foreign (EAFE) Stocks 1%
- U.S. 2010 expected growth 3%
- 2010 Expected Earnings increase 31%
- 12 month stocks advance continues
- Solid economic recovery
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January 28th, 2010
January* 2010 Markets Review
Watch Market Volatility
*written prior to last trading day (Jan. 29)
Key Points
- 2010 Year to date Returns
S&P 500 (1084) -3%
US 10 Yr Bond (3.65%) +2%
NASDAQ (2179) -4%
Foreign (EAFE) Stocks -4%
- U.S. GDP expected expansion = 2.9%
- 2010 earnings expected increase = 31%
- Stock markets advanced for 10 months
- Economic upturn strength approaching peak
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January 3rd, 2010
2009 Financial Markets Review
Extraordinary Monetary Leverage
Stabilized Private Entities Deleveraging
Mid 2010 markets likely to be volatile
Key Points
- 2009 Total Returns
S&P 500 (1115) 28%
U.S 10 Yr Bond (3.85%) -11%
NASDAQ (2269) 44%
Foreign (EAFE) Stocks 24%
- U.S. GDP likely contraction -2.3%
- 2009 earnings expected decline -5.6%
- Stock markets hit bottom in March
- Economic recovery in process
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