Rutherford Investment Management, LLC
Newsletter: 2nd Quarter 2006

Headwinds Strike with Vengeance

At the end of January, 2006 our portfolios were up nicely and I commented  offhandedly that we should probably take what we had and call it a year, because I didn’t think we would do any better for the year than we had already done. Indeed, the market continued to reward us up to May 10, 2006. Those of you who read my quarterly letters know that I have been warning of the headwinds caused by rising commodity prices, the falling dollar, the Federal Reserve interest rate increases and tightening of the money supply, serious budgetary deficits and geo-political/terrorist events… Download Newsletter