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Monthly Commentary Now Posted
posted 02.05.2008 at 4:37 p.m. by bill
Market commentary for February is now posted in the Analysis & Commentary section.
Abstract:
January 2008 will likely go down in history as one of the worst starts for the financial markets. Large write-downs by some of the most prominent banks have led those on Wall Street to grow very pessimistic about the prospects of all companies, selling them off without discretion.
It is likely that October ushered in the start of a bear market. If that is the case, we are four months into it; the average bear market lasts just eight. That could mean that better times are not that far off.
In the meantime, we are looking for opportunities to invest client cash in stock funds, which are at great values today relative to a few months back.