The Return of Volatility Could Not Stifle Returns
3Q 2007
As the third quarter began, investors seemed content watching both the Dow and the S&P 500 establish new alltime highs on the back of “merger mania”. The financial press seemed to cover this story almost point by point as major trading milestones were approached. However, by the middle of July, this attitude of passive optimism was overcome by the realization… Read More