Posts made in October, 2002

Marketing Commentary- Q3 2002

Posted by on Oct 1, 2002 in MFA Quarterly Commentaries

A (final?) surge in bond prices accompanied a record drop in the broader stock market over the past three months.  Most major stock indices now show negative returns over the past five years.  These returns (see below) are extremely beneath long-term trends, setting up another regression to the mean (this time to the upside).  Sentiment has collapsed with concern over the war in Iraq adding one more element to the Bear Market Perfect Storm string of events that have market the past two and a half years. Trends to be Aware of For the first time ever, a bond fund (Pimco Total Return) is the...

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