Archive for October, 2011

October 2011

October 31, 2011  |   Monthly Commentary   |     |   0 Comment

Investors continued to grapple with exogenous events as volatility in the capital markets remained elevated throughout October. For much of the month, greed ruled as investors moved to buy equities amid a growing perception that the European Union had reached consensus to support the fiscally challenged members of the common currency. Indeed, approval of fiscal restraint by the Greek parliament was the catalyst for the 3.25% rally in the S&P 500 on October 27th. Unfortunately, ...