Argent Quarterly Investment Commentary – October 2012
Frequently the best returns are when expectations are the lowest.
Every spring, stock market investors hear commentators repeat the famous line, “Sell in May and go away.” That is because over the past 100 years, stock market returns between May and November have been much weaker, on average, than returns from November through May. Not so this year. The average U.S. stock is up 10 percent since May, and Argent’s portfolios have performed particularly well – year-to-date all Argent stock portfolios reflect double-digit returns.