Marketing Commentary- Q2 2007
What’s Been Happening? Our only major asset class that has fallen in value recently has been Real Estate, as measured by the total return on REITs. It seems likely there is a connection to the sub prime loan losses that are now being reported in the tens of billions of dollars (WSJ, 7.9.2007). Large growth stocks, especially technology, are on the rise. The total return of the S&P 500 exceeded 20% for the twelve months ending 6/30/2007. Money has continued to flow into Emerging Market Securities, driving up prices. The MSCI Emerging Market Index is up over 45% for the past twelve...
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