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Mostly Sunny With a Chance of Showers

Written by Jere Estes | 02 October 2009
Posted in Commentary

The action of the U.S. stock market indexes since March 2009 suggests that last year’s problems are just that, last year’s problems. That is not to say that the issues have been solved but rather that we have a pretty good idea as to what they are. The title of this quarter’s report suggests that we have weathered the worst of the storm, but we are not quite in the clear.

While each of our quarterly reviews for the last year has detailed the circumstances of the financial meltdown, a quick summary will set the stage for how we got to this point in the economic recovery. The problems in the economy became readily apparent in the third quarter of 2008. That was when…

 

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