Market Commentary

Why the Sell-off?

February 12, 2010

The S&P 500 has now declined over 7% from the recent peak on January 19th. This drop has come despite a round of corporate earnings that were largely ahead of [...]

Buy and Hold Works!

December 11, 2009

Following a rare decade in which bonds outperformed stocks, many of the talking heads are declaring dead the tried-and-true strategy of buying quality companies and holding [...]