Banach Wealth Management Apr. 01, 2009 Letter
First Quarter Markets Review
A Wild Ride
Recession Remains in Full Force
Key Points
- First Quarter 2009 Total Returns
S&P 500 (797) -11%
US 10 Yr Bond (2.68%) -11%
NASDAQ (1528) -3%
Foreign (EAFE) Stocks -16% - U.S. GDP expected contraction = -2.2%
- 2009 earnings expected decline = -20%
- Significant 1st Qtr losses; Markets &
economy continue to search for bottom