Argent Quarterly Investment Commentary – March 2013
“Patience is more important than market timing.” – Old Wall Street Adage
Evidence of the long-awaited rebound in the housing market, as well as an improvement in the U.S. jobs market, pushed consumer confidence higher in the first quarter of 2013. The result was new all-time highs for the S&P 500® Index and the Dow Jones Industrial Average. Overall, it was the best first quarter in 15 years.