Banach Wealth Management Sept. 1, 2009 Letter
August 2009 Month End Markets Review
Coming out of an Economic Recession
Key Points
- 2009 Year to Date Total Returns
S&P 500 (1020) 15%
US 10 Yr Bond (3.40%) -19%
NASDAQ (2009) 27%
Foreign (EAFE) Stocks 16% - U.S. GDP expected contraction = -2.4%
- 2009 earnings expected decline = -12%
- Stock markets hit bottom in March
- Recession at statistical end