December 2011

Thoughts on 2011 & 2012

If you missed it S&P 500 index closed the year at 1257 exactly where it had closed one year earlier in 2010!  Setting aside having identical closes two years in a row which was a statistically low probability event; the meager performance on its own wasn’t too surprising considering earnings for S&P 500 companies were up just 3.2% over the last 12 months.

The views expressed in this blog reflect those of Grayeli Investment Management as of the date of the write up. Any views are subject to change at any time based on market or other conditions, and Grayeli Investment Management disclaims any responsibility to update such views. The information presented should not be considered a recommendation to purchase or sell any security and should not be relied upon as investment advice. It should not be assumed that any purchase or sale decisions will be profitable or will equal the performance of any security mentioned. Past performance is no guarantee of future results.

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