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Oh, What a Quarter!


Oh, What A Year! was the title of our Q4, 2012 commentary. The events of the summer and the fall were the cause of the exclamation. Phrases like “Arab Spring,” Congressional Gridlock,” and “stock market volatility” were on our minds at the time. Yet, 2011 was a bland year when the stock market indices were considered. The Dow Industrials were up a mere 5.53%, the S&P500 was essentially flat, and the NASDAQ was actually down 1.80%.

We are inclined to use the same title for Q1, 2012: Oh, What A Quarter! This time our exclamation is driven by strong performance of the same indices mentioned above. This time the Dow Industrials were the weakest year-to-date of the three, however…

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