Market Comment Q1 2010

Half Full? Will the U.S. economy continue to strengthen through 2010? Will hopes for another strong profit rebound be fulfilled? Will these improvements allow ongoing stock market gains? We are willing to predict that the answer to all three questions is “Yes”. Will normal economic growth patterns return and continue beyond the current year? That’s...

Read more »
 

Market Comment Q4 2009

Brave New World How optimistic should we be for 2010? Government deficits in the U.S., Europe, and Japan will remain extremely high as percentages of GDP. Unemployment in all these countries will remain in double-digit percentages. Banking systems in all these countries will continue to labor under the weight of bad loans made during the...

Read more »
 

Market Comment Q3 2009

Through a Glass, Darkly A consensus is forming among economists, policymakers, and business people generally that the worst recession since the 1930s is ending. Unfortunately, ending the recession is not fully synonymous with a resurgence of normal economic growth. The breadth and depth of this recession mean that it will likely cast a very long...

Read more »
 

Market Comment Q2 2009

Rebooting Wall Street is a short street in lower Manhattan – too short for very many businesses to call home. In public discourse,the term “Wall Street”is used generally to denote investment institutions – especially those who match investors with investment opportunities – actually located all over. In this sense, Wall Street is a synecdoche, a...

Read more »