Market Summary – Q3 2014
The quarter ending September 30th saw investment losses across a variety of asset classes, knocking recent winners off their perches and reducing one year gains down to a more modest range. The overall US Stock Market as measured by the broad Russell 3000 index managed a slim gain of 0.01% over the most recent quarter, while smaller US company stocks, international stocks and real estate investment trusts fell sharply. In his 1949 book, the Intelligent Investor, Benjamin Graham coined the term Mr. Market, a fictional character meant to represent the emotional nature of the Stock Market. The...
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