Market Letters
2012
January 2012 "A tough year,"
2011
October 2011 "Fear everywhere, fear as far as the eye can see"
July 2011 "Slowing"
April 2011 "News, noise, interpretation, and mendacity"
January 2011 "Connecting the dots"
 
2010
October 2010 "Progress not perfection"
July 2010 "Pendulums swing"
April 2010 "Right on target"
January 2010 "The end and the beginning"
 
2009
October 2009 "A classic recovery!"
August 2009 "Market Comment August 11, 2009"
July 2009 "Quite a good quarter!"
April 2009 "It's over!"
January 2009 "A horrible year"
 
2008
October 2008 "Shocking!"
July 2008 " Doom and gloom;"
April 2008  " Volatility is again the name of the game."
January 2008 "What a year!"
 
2007
October 2007 "Panic;"
July 2007  "So far, so good."
April 2007 "Volatility returns!"
January 2007 "A better than average year."
 
2006
October 2006 "The debate rages on."
July 2006 "Were you getting bored?"
April 2006 "On a tear!"
January 2006 "A glass half-empty"
 
2005
October 2005 "Interesting times."
July 2005 "2004 all over again?"
April 2005 "Déjà vu’ all over again."
January 2005 "So, did you think it would turn out like this?"
 
2004
October 2004 "More of the same."
July 2004 "Tug of War!"
April 2004 "In like a lion, out like a lamb"
January 2004 "Happy days are here again"
 
2003
October 2003 "Surprise, surprise!"
July 2003 "It's a Bull."
April 2003 "War"
January 2003 "Congratulations!"
 
2002
October 2002 "Capitulation?"
July 2002 "Reeling!"
April 2002 "Winter is over."
January 2002 "All's well that ends well!"
 
2001
October 2001 "Now is the winter of our discontent."
July 2001 "Recovering!"
April 2001 "These are the times that try men's souls."
January 2001 "From irrational exuberance to rationalized pessimism."
 
2000
October 2000 "The Good, the Bad and the Ugly."
July 2000 "How's your heart?"
April 2000 "What's going on here?"
January 2000 "What a year it was!"
 
1999
October 1999 "Boring, Boring, within the Boring, terror."
July 1999 "Losers became Winners!"
April 1999 "January came in like a lion!"
January 1999 "WOW!"
 
1998
October 1998 "The Market cracked!"
 
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