Monday, March 12, 2007

Quick Re-cap of February 2007


Sorry for the lack of posts. Tax season and the market have been keeping me busy. I promise to make up for the lack of posts in the next few days. Here is a quick summary of February's market performance.


Domestic equities lost ground in February with larger-caps down about 2% and smaller-caps down almost 1%. International equities were flat, but domestic investment-grade bonds and emerging markets local-currency short-term bonds performed better, gaining 1.5% and 1%, respectively. Commodity futures held up the best of all the asset classes we own, returning more than 3%. Current valuations are attractive, which should limit further downside; if stocks materially decline from this point,
I would consider it as a buying opportunity.
The Financial Pragmatist
Libby Mihalka

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