Banach Wealth Management Oct. 31, 2009 Letter
October 2009 Month End Markets Review
Normal Market Correction in process
Key Points
- 2009 Year to Date Total Returns
S&P 500 (1036) 17%
U.S. 10 Yr. Bond (3.38%) -18%
NASDAQ (2045) 29%
Foreign (EAFE) Stocks 19% - U.S. GDP expected contraction = -2.3%
- 2009 earnings expected decline = -7.1%
- Stock markets hit bottom in March
- Economic recovery in process