President’s Letter (Q4 2009)
As we close the year 2009, all of us at Goelzer can look back over the years with pride having achieved or surpassed many of the goals and expectations we had set. As we look ahead to a new decade, we rededicate ourselves to the pursuit of quality and perfection in serving the needs of [...]
President’s Letter (Q3 2009)
As we reflect on the turmoil within the financial markets over the past year and the challenges that we as a nation and investors have faced, the fact that this year marks our firm’s 40th anniversary serves as a valuable reminder – that volatile periods in the market and economy have happened before and will [...]
President’s Letter (Q2 2009)
After a challenging start to the year, the quarter ended June 30 marking a welcome respite from the turmoil in the financial markets. Investors enjoyed the best returns for a three month period in over a decade, as U.S. stocks advanced by over 15%. Please refer to the enclosed Market Review for our current thinking [...]
President’s Letter (Q1 2009)
If a “Bear Market” is defined as a 20% decrease in stock prices and a “Bull Market” is defined as a 20% increase, then over the past six months we have experienced two of each. As of the close on Thursday, March 26th the Dow Jones Industrial Average had surged over 20% in a few [...]