The stock market recovery that began in March ’09, came to an abrupt halt in the second quarter. Stock indexes are down about 15% from their highs of early April and off about 7% year to date. Keeping with our long term history of not participating in all of the market’s downside, our equity portfolio is down about 3% for the year.
Investment Outlook – 2nd Quarter 2010
The stock market recovery that began in March ’09, came to an abrupt halt in the second quarter. Stock indexes are down about 15% from their highs of early April and off about 7% year to date. Keeping with our long term history of not participating in all of the market’s downside, our equity portfolio is down about 3% for the year.
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