“Our clients come to us for advice on how to protect their future. We take that level of trust very seriously.”
- Dan Junkin

By the Numbers - Third Quarter, 2008

Karen Foust

Mortgages, oil, and the bailout, oh my. No matter the issue, the market is upset. The S&P finished the 3rd quarter down 8.49% and was down 19% year-to-date.

Large and small caps are both down this quarter.  But small caps still managed to out-perform large caps, -1.10% versus -9.47%.

Large value was in favor for the 3rd quarter at -6.11%. Large growth lagged at -12-57%.

Fixed income is a favorite again this quarter with a return of -0.48%. Domestic stocks (as measured by the Wilshire 5000) fell behind at -8.07%, and international reported a disappointing -21.05%.

Reuters Business & Finance reported consumer confidence at 59.8, higher than expected and higher than the 2nd quarter.  The increase was attributed to a lower expectation of inflation. However, the measure was taken on September 23rd, prior to the Dow falling 777 points on September 29th.

Newsletter Archives