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2nd Quarter 2005

Rutherford Investment Management, LLC
Newsletter: 2nd Quarter 2005

The Road Ahead (Under Construction)

It now appears that the economy grew at the rate of about 3% in the first half of the year. Not a bad showing. Retail sales are strong, non-manufacturing index shows growth, but job growth is weak… Download Newsletter

June 12th, 2005|Categories: Quarterly Client Newsletters|Comments Off on 2nd Quarter 2005

1st Quarter 2005

Rutherford Investment Management, LLC
Newsletter: 1st Quarter 2005

Bubble, Bubble Oil and Trouble

In my recent letters I have said that rising oil prices, and rising interest rates would make it difficult for the markets to make much progress. In addition to these known concerns, the Federal Reserve decided to shrink the money supply… Download Newsletter

March 12th, 2005|Categories: Quarterly Client Newsletters|Comments Off on 1st Quarter 2005

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

December 12th, 2004|Categories: Quarterly Client Newsletters|Comments Off on 4th Quarter 2004

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

September 12th, 2004|Categories: Quarterly Client Newsletters|Comments Off on 3rd Quarter 2004

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

June 12th, 2004|Categories: Quarterly Client Newsletters|Comments Off on 2nd Quarter 2004

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

March 12th, 2004|Categories: Quarterly Client Newsletters|Comments Off on 1st Quarter 2004

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

December 12th, 2003|Categories: Quarterly Client Newsletters|Comments Off on 4th Quarter 2003
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