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News Archive
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November 24, 2009
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Global Equities...peak or pause
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view more...
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2nd year of recovery
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April 21, 2010
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The best 2nd year recoveries would be those that had a combination of solid/improving growth, steady/low/declining inflation, low/steady Fed funds and reasonable valuations.
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Valuation starting points such as the current level (19) have been associated with average like returns in the 2nd year of recovery.
Those average 2nd year performances were also associated with GDP recovering to 4-5% from 1-2%, ISM remaining above 50 and inflation and interest rates changing plus/minus 2ppts.
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