” we are confident in saying that someday, all that money that has found its way into bond funds will be looking for the exit door, likely all at the same time…” Click the link below to read our full comments. 4TH Quarter Outlook
“…we want the stock market to be able to stand on its own two feet, without the help of the Federal Reserve, so companies need to continue to record strong earnings, even in the face of a slumping economy.” Click the link below to read our full comments: 3rd...
“…we will soon have to determine what reasonable valuation will be when the Fed is no longer a tailwind to prices.” Click the link below to read our full comments: 2nd Quarter 2012
“Years from now, when market historians look back at the year just passed, it will be easy to say that “nothing much happened” in 2011 as the S&P 500 ended up almost exactly flat for the year (not counting dividends). For those of us who lived through it, we...
“Getting the direction of stock prices right for the next 6 months will be directly tied to whether we go into a recession or not.” 4th Quarter 2011
“Housing news continues to be difficult, the employment picture remains cloudy at best, auto sales have lagged, industrial production numbers are slipping and the retail environment is mixed at best.” 3rd Quarter 2011 Outlook
“In an environment that might have been devastating for markets globally, domestic equities enjoyed a better than 5.5% gain.” 2nd Quarter 2011 Outlook
“The major theme that we feel is developing as we enter 2011 is the flow of investable assets from bonds to stocks.” 1st Quarter 2011 Outlook
“With the economy continuing to struggle and interest rates lingering at all-time lows, investors are clamoring for any kind of yield.” 4th Quarter 2010 Outlook