Quarterly Investment Commentary
Argent Quarterly Investment Commentary – January 2010
22 January 2010
“By early March 2009, the Dow Jones Industrial Average was down 25 percent, and 54 percent below its October 2007 highs. We were in the midst of the worst recession since the Great Depression, and anger at Wall Street had reached a crescendo. Little did we know that just at that point, during our bungee jump plunge, a record breaking snap-back would begin which would continue for the final nine months of the year.”
