Q4 2010 Client Letter

2010 was a year initially marked by wild swings NHCO H Logoin the global stock markets based on worrisome economic news.  A roller coaster ride in the first quarter was followed by a significant sell off in the second quarter that had most investors seriously concerned that the US economy was headed for a double dip recession.  Headlines were full of talk about a crisis that was meant to culminate in a “predicted” sell off of global stock markets in September 2010.  With attention grabbing forecasts such as these, it’s little wonder that investors’ long term commitment to the markets was continually challenged.

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