Stock markets worldwide have been rallying for nearly two years now. The Standard & Poor’s 500 Index hit a low of 676 on March 9, 2009 and has risen ever since. In late February it was in the 1330 range. Yet the average investor doesn’t seem to trust the trend, and plenty of professionals are skeptical as well. Worries over […]
Year: 2011
Client Letter – Q4 2010
Over the past year, worldwide markets continued the strong recovery that started in 2009. US stocks turned in pleasing results with investors earning significant rewards for the equity, small cap and value risk factors. But capturing the market rate of return required plenty of patience: eight months into the year, the S&P 500 Index was still down 5.8% and the […]