2011 1st Quarter Commentary

“He that can have patience can have what he will.” Benjamin Franklin Overview The first quarter of 2011 closed with an upward trend in stock prices. A rally that began in December continued through March with the final day of trading in the quarter testing the highs set on February 5th. This type of behavior shows the extreme resilience of investors; that despite the prevalence of intense “noise,” the fundamentals that drive investing currently rule the Street. The following paragraphs detail our observations on the overall economy and financial [...]