David Fleer
Bristlecone Value Partners, LLC
12301 Wilshire Blvd., Suite 320
Los Angeles, CA 90025 USA
Work 1-877-806-4141

Quarterly Commentary – First Quarter 2010

April 15th, 2010

Another robust quarter for stocks marks a full year now for the market’s recovery.  The length of the upturn is not so unusual, but the magnitude is, exaggerated no doubt by a very low starting point.  In fact, over the last year, the typical Bristlecone Large Cap Value portfolio returned an eye-popping 59%.  Expect no repeat performances any time soon, if ever.

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