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

Monthly Digest – December 2010

December 15th, 2010

“The pessimist sees difficulty in every opportunity. The optimist sees opportunity in every difficulty.” 

Sir Winston Churchill

As we approach the end of the year, it is useful to take a look at the stock market’s performance in 2010. It was quite a roller coaster: the S&P 500 index was up 7% through April, then tumbled 13% and was down almost 7% by the end of June. It then proceeded to rise more than 21% and is up approximately 13% year-to-date as we write this email.

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