720 E. Hyman Ave.

Suite 201

Aspen, CO 81611

970.429.1100
NEWSLETTER
July 2010 From Recovery to Austerity - Probably Both Too Extreme
June 2010 It's' a Greece-y, Oil-y Mess Out There
April 2010 Equities Resume Rally into 2nd Quarter
March 2010 US Equities Resume Rally - Europe Still Weak
February 2010 Global Equities Start Downtrend (~ -4%) in January - Caution
January 2010 2010 - Recovered Markets Need Confirmation of Economic Recovery
December 2009 Markets Stall Awaiting Economic Recovery
November 2009 Borrowing to Buy a Car is Not Growth
October 2009 Rally Based on V-Shaped Recovery. But It's Not Happening.
September 2009 5-Month Green Shoots Rally is Ending
August 2009 Market Rally has Priced In a V-shaped Recovery.