Investment Recap

Fourth Quarter 2004

The final quarter of last year represented a much welcomed, and to some, a surprisingly strong market recovery. In fact, all of last year’s gains occurred in the period beginning one week prior to the November election. Once again, our...

Third Quarter 2004

The stock market averages corrected in the third quarter with small cap stocks performing worse than large cap. This calendar year has seen stocks trade in one of the tightest trading ranges in history (+/-4%). The market has truly been a...

Second Quarter 2004

In the second quarter, stock market averages showed slight improvement (less than 2%), while interest rates rose and bonds declined in value. Our performance continued to track better than the averages. The questions about the election,...

First Quarter 2004

The broader stock market began 2004 with modest gains, and once again, we outperformed.   The recent back up in the bond market gave credence to the idea that the economy is gaining strength and that the Federal Reserve will raise interest...

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