Commentary

Each month, the BCWM Portfolio Management team publishes an Investment Commentary that examines the latest developments in financial markets and the economy. We filter out the noise and present the information most relevant to our investment strategies and management of our clients’ portfolios.

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Stimulus or Austerity?

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After getting off to an optimistic start, the stock market ended the first half of 2010 with an ugly finish. The first four months of the year continued the rally which began March 9th of 2009, but the market declined over 7% in May and over 5% in June, completely wiping out the gains of…
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Volatility is Back

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Thursday, May 6th the stock market began like most days. Since it hit the panic bottom in March, 2009, it steadily climbed each month with very little volatility. The 12-month period ending April 30th realized a 38%+ gain. However, recent market increases have been accompanied by worries of how several European countries are going to…
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Goldman Accused and Greece Refused

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Last week’s Senate hearings regarding alleged improprieties at Goldman Sachs provided some of the best daytime television since the late 80’s when the Senate grilled Oliver North regarding his role in the Iran-Contra scandal.  North was a member of the National Security Council which was secretly selling weapons to Iran in order to encourage the…
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Health Care Reform and Investor Behavior

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Health care reform is here. Whether you are looking forward to it or whether you are dreading the changes it will bring to your life, it is here. Barring constitutional challenges from Republicans regarding the Administration’s legal ability to mandate the purchase of anything (in this case, the purchase of health insurance) to the legitimacy…
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Greek Tragedy

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You may intrinsically have an idea of when a recession begins (when your neighbors lose their jobs) or when a depression begins (when you lose your job). You might even feel like you know when it has finally ended (when your 401K has returned to the value it was 2 years ago). But did you know that…
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