Perspectives Newsletter: Q2, 2011
The emerging pattern of investor behavior in 2011 is one of the sudden sprints towards and away from risk. In May, world markets began an abrupt shift from the pattern of the previous seven months, signaling another retreat from risk. As political events created mounting unease, stocks were sold in favor of bonds and gold. The result was a quarter reminiscent of the same period in 2010, when a growth scare initiated a 15% market decline from April to Agust before a strong year-end rebound.
