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| Tuesday, January 31, 2012 |
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Quarterly Review and Outlook – Fourth Quarter 2011
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| As we entered 2011, we believed we would continue to face numerous challenges and headwinds for the markets and our economy. This view was not at all unique, but it focused us on the fact that investment returns would prove challenging. We believed that the situation provided an environment where we needed to “grind out returns” for our clients and grind we did. Market volatility was a significant influencer that made earning returns all the more difficult. One of our managers illustrated this volatility by pointing out that the S&P 500 traveled 3,240 points during 2011, but ultimately ended right where it started. |
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Admin |
©2012 BT Wealth Management LLC.
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