By Vinton Fountain
January 10, 2012
We would like to wish you a Happy New Year! This time of year does provide an opportunity for reflection and thinking about opportunities for the future. We are looking forward to supporting you in the years ahead.
Last year was about what we expected. We feel as though we survived a fifteen round boxing match with geological, cultural, political, fiscal, monetary, economic and social headwinds that largely can be described as tumultuous. Investors are fatigued and that condition is understandable. The US markets ended basically flat while international markets were negative with Europe’s problems leading values downward. Bonds and gold had another strong year as investors (or speculators) headed for perceived safety. We were surprised that rates did not increase and in fact declined to historical levels. Where do we go from here?