Wednesday, November 25, 2009

Happy Thanksgiving!

In honor of tomorrow's holiday, I though I would show something that we should all be thankful for. The table below shows returns for various equity asset classes through last Friday.

We have shown this table, or ones similar, several times this year, most recently in September. I chose November 20 as the date because it was on that date last year when the market reached its bottom. I remember very clearly how we felt at this time a year ago, and it wasn't very good. If I had said at that point that we would see market returns in the 60% range over the next year, I would have been called crazy.

So I for one am thankful that we can spend the next few days focusing on family, friends, food and football, as opposed to worrying about the economy and financial markets. I hope everyone has a wonderful Thanksgiving!