Archive for August, 2011

August 2011

August 30, 2011  |   Monthly Commentary   |     |   0 Comment

Echoes of October 2008 were evident in the capital markets through much of August, as investors reacted harshly to ongoing deficit bickering in Washington and the downgrade of U.S. Government debt by Standard and Poor’s. While volatility was not near the level witnessed in the fall of 2008, the performance of the capital markets certainly felt similar in many ways. The aggressive price-insensitive buying of Treasury notes continued and volatility in the equity market as ...