My apologies for the tardiness of this letter, but I have been in Europe for a few weeks, sojourning, but also gathering information. I did not have any high level meetings, it wasn’t that kind of trip. One can get the flavor of macro thinking almost daily from news reports, not that I think they [...]
...read moreMarket and economy continue in uptrend
For the first quarter of 2012, markets showed strong growth. The S&P returned 12.6% for the quarter, 8.5% from the same time a year ago. The Dow was up 8.1% for the quarter, 7.2% from a year ago, and the NASDAQ up 18.7%, 11.2% from a year earlier. Volumes however, [...]
Calendar Year 2011
This past year severely tested investors’ patience. The year started well, with economic optimism emerging. The first quarter of the year the S&P index finished up 5% in spite of enormous headwinds. However, even more unpredictable events appeared which dashed optimism. A severe earthquake and resultant Tsunami rocked Japan, disrupting supply chains and economics throughout [...]
