Market Summary – Q3 2010
What’s Been Happening? US stocks have been trading within a fairly wide range over the last year. Peaks and troughs were created by hope that the economy was finally recovering to fear that a double dip recession was imminent. Despite the volatility, US stocks were up about 10% over the last twelve months while international emerging market stocks appreciated about 20%. Stocks in international developed markets suffered declines earlier in the year due to sovereign debt concerns [Portugal, Ireland and Greece] holding back their annual results to around 3%. Dow Jones Industrial Average –...
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