Banach Wealth Management Mar. 01, 2009 Letter
February 2009 Markets Review
Economic & Market Uncertainties Continue
Key Points
- Year to date Total Returns
S&P 500 (735) -18%
US 10 Yr Bond (3.04%) -13%
NASDAQ (1378) -12%
Foreign (EAFE) Stocks -23% - U.S. GDP expected contraction = -1.2%
- 2009 earnings expected decline = -12%
- Large year to date losses; First Half 2009
partial recovery uncertain