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

Monthly Digest – January 2011

January 15th, 2011

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, 2011

Markets 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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