A love triangle between global governments, consumers,
and their debt…
Securities offered through LPL Financial , Member FINRA/SIPC
The 4 Big Stories As We Enter The 2 nd Half of 2011:
3. “TWO” BIG TO FAIL?
4. U.S. HOUSING, UNEMPLOYMENT, AND CONFIDENCE
A Review of Greek History 490 BC – Defeated Persians at Marathon 404 BC – Peloponnesian Wars, disunity 327 BC – Alexander the Great conquers Persia 900-1200 AD – Byzantine economic expansion 1453 – Fall of the Greek Byzantine Empire 1829 – Greek independence achieved 1940 – Fought off Italian invasion during WW2 1980-81 – Rejoined NATO and European Union 2001 – adopted Euro as its currency But wait, there’s more………………
2010 May 2 – first bailout ($43B) May 18 – second bailout ($18.7B) September – IMF says Greek reform “ahead of schedule” 2011 January – rating agencies cut Greek debt to “junk” February – third bailout ($19.5B) April – Europe leaders urge Greece to control spending May – S&P cuts debt to B (just above Pakistan) as anti-austerity protests rise June 8 – fourth bailout ($8.5B) June 9 – GDP tumbles 5.5% June 13 – S&P downgrades to CCC July 2 – fifth bailout ($17B) approved, for disbursement July 15 A Review of Greek History
Source: Morningstar 2011’s First Half: What A Difference A Week Makes!
Depending on your time frame, the equity markets look very different.
The past 15 years resulted in what some might consider a mediocre return for the S&P 500 (6.50%). Many “experts” predict similar returns in the future. The “10% stock market return” concept is likely more myth than reality.
Stocks and bonds have been a close match over the past 15 years. Bonds will be hard pressed to replicate those returns going forward.
Past performance is no guarantee of future results. The market for all securities is subject to fluctuation such that upon sale an investor may lose principal. Indices are unmanaged and cannot be invested into directly. Name 2011 Thru June 24 2011 Thru June 30 1 Year 2 Years 3 Years 5 Years 10 Years 15 Years S&P 500 TR 1.78 6.02 30.69 22.29 3.34 2.94 2.72 6.50 MSCI World Free USD -0.10 3.99 27.84 17.51 -1.72 0.17 2.10 3.63 BarCap US Agg Bond TR USD 4.00 2.72 3.90 6.66 6.46 6.52 5.74 6.32
2011 FIRST HALF ASSET CLASS ADVANCERS INCLUDED:* Healthcare and Biotech stocks Energy stocks Silver (metal) Swiss Franc Retail stocks 2011 FIRST HALF ASSET CLASS DECLINERS INCLUDED:* Natural Gas stocks Alternative Energy stocks Gold and Silver Mining stocks India stocks Bank stocks * Source: Morningstar “ We Are All Winners” … Well, Not Really Past performance is no guarantee of future results. Each asset class has its own unique risks and may not be appropriate for all investors. The fast price swings of commodities will result in significant volatility in an investor’s holdings. International and emerging market investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors.
Thank You for Listening! Insert Logo Here Securities offered through LPL Financial , Member FINRA/SIPC The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.
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