And That’s The Quarter That Was: Sept. ‘07

October 3, 2007 |

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Attached (linked) please find And That’s The ‘Quarter’ That Was…the Brounes & Associates market/economic commentary for the period just ended September 30, 2007.  Investors can be such a fickle bunch.  After pushing into record territory early in the quarter, equities nosedived (or, is it nosedove?) as the subprime (and related) woes led to cries of “no housing stocks” which became “no mortgage-related stocks” which became “no financial stocks” and, ultimately, “no stocks period.”  And just when it looked like all investors were left running for cover (or the safe haven of treasuries), enter the Fed to save the day with a few sneaky moves of their own.  (Can you say bailout?)  Suddenly the sky was no longer falling and investors were more than willing to dip their toes back into the deep end of the equity pool.  The major indexes (sans small-cap) have their sights set on double-digit annual returns with three months left in the year.

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