4th Quarter 2004
Rutherford Investment Management, LLC
Newsletter: 4th Quarter 2004
Turning a Corner
Last quarter I wrote of the persistent headwinds facing the market. We had the continuing terrorism threat, high oil prices, Iraq war, presidential election and rising interest rates. Any one of these factors alone could be a problem for the market, but together they made progress very difficult… Download Newsletter
3rd Quarter 2004
Rutherford Investment Management, LLC
Newsletter: 3rd Quarter 2004
Persistent Headwinds
In my previous letters, I have written of the headwinds facing the markets. Those winds have persisted, and we continue in one of Alan Greenspan’s famous “soft patches.” The economy is still growing, but at a slower pace… Download Newsletter
2nd Quarter 2004
Rutherford Investment Management, LLC
Newsletter: 2nd Quarter 2004
Geopolitical Risks Weigh On Market
Since the beginning of this year the markets have traded essentially sideways. The S&P and NASDAQ are both up just over 2%, and the Blue chip Dow average in negative territory. The explanation for this sideways movement in the face of the rosy economic data out of the government can be found in several factors… Download Newsletter
1st Quarter 2004
Rutherford Investment Management, LLC
Newsletter: 1st Quarter 2004
Waiting and Watching, Watching and Waiting
In the first quarter of this year, the markets took a breather in response to the torrid increase of last year. This was not surprising after the 29% run-up of last year, and the Federal Reserve’s curtailment of the money supply even though they have maintained interest rates at a low level not seen since 1958… Download Newsletter
4th Quarter 2003
Rutherford Investment Management, LLC
Newsletter: 4th Quarter 2003
Turning the Corner
After three down years, the market was finally able to end its losing streak. This year saw the Dow up 25%, the S&P up 26% and the NASDAQ up 50%. All of this is refreshing after the beating of the last three years in which the market took one of its worst pummeling on record… Download Newsletter