2010 ended on a high note, with a so-called “Santa Claus Rally” boosting the S&P 500 nearly 7% in the month of December. Following a nervous summer, investors’ confidence improved late in the year with signs of stabilization on several fronts.
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Quarterly Commentary – Fourth Quarter 2010
January 15th, 2011Markets rallied in the fourth quarter as fears of a double-dip recession receded (disappeared?), Europe muddled on through its sovereign debt crisis, and corporations continued to report very strong earnings results.
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