| October 14, 2008
Financial Markets in Turmoil
Through September, the market downturn was rather orderly. There were a lot
of losers this year, but there were some winners too. However, since the first
of October there has been a run on the stock market that rivals what we saw in
1987.
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July 9, 2008
2nd Quarter Update
As The Mamas and the Papas sang 43 years ago, “all the leaves
are brown and the sky is grey.” Instead of California Dreamin’,
investors are longing for a nice recovery for stocks because
prices
continued to fall in the second quarter.
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April 16, 2008
2008 – First Quarter Report
After many years of easy credit, the world has suddenly changed.
While irresponsible lending to homeowners has grabbed the headlines
(hundreds of billions in losses will do that), easy money was
prevalent throughout the financial system. Look for increased
losses from a variety of sources including credit cards, home
equity lines, car loans and leveraged buyout loans.
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January 11, 2008
Year-end Thoughts
We’ll start with the obvious. There’s a lot of turmoil
in the stock market. People are
nervous. It can be frightening to open a brokerage statement and
see a decline in value.
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