Uncertain economic future


While much about our economic future remains uncertain, we view the historic drop in the markets in 2008 as an opportunity to achieve much better returns in the broad equity markets over the coming decade than the past decade.  As you can see below, that should be a fairly low hurdle to overcome.  It is much more difficult to know what will happen in the next year or two.  Given the expected weakness in the economy, we expect the markets to remain quite volatile for at least the coming year.