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Quarterly Newsletter
2011 Q4 Newsletter
We were cautiously optimistic three months ago. Both our caution and our optimism were supported by events in the fourth quarter (Q4). Equity markets demonstrated extreme volatility, rising and falling with every ... Read More
2011 Q3 Newsletter
The third quarter (Q3) of 2011 proved to be a very difficult and negative period for equity markets. Commodity prices for oil, copper, gold as well as other metals and materials declined sharply in the face of continued ... Read More
2011 Q2 Newsletter
The second quarter (Q2) of 2011 proved to be a difficult period for equity markets. Commodity prices for oil, copper, gold as well as other metals and materials declined. While these drops represented a small retreat from very ... Read More
2011 Q1 Newsletter
After a positive start to first quarter (Q1) in equity markets, two major regional events negatively affected markets. The rise of resistance to dictators in the Middle East and Northern Africa manifested itself in Tunisia, ... Read More