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


Monthly Digest – March 2012

March 21st, 2012

The stock market has staged a powerful rally in the last five months, crossing various round number thresholds that excite headline writers (and many investors, too). Since its recent closing low at 1,099 on October 4, 2011, the S&P 500 has rallied all the way above 1,400, a nearly 28% rise. The Dow Jones Industrial average crossed 13,000. The NASDAQ crossed 3,000. What does it all mean for long-term investors?

The good news is that the driving force behind the stock market recovery has been better news about the US economy. Job growth has resumed at a good pace and this has led to a stronger, more confident consumer. There have even been some positive signs emanating from the housing market. A stronger real economy is the best support for a rising stock market and a necessary pre-condition to address our nation’s fiscal imbalances. Read the rest of this entry »

linkedinmail
powered by  Advisor Designs - Web Designers for Financial Advisors