Tools & Resources
Newsletter
Each issue of our quarterly newsletter, Vantage Point, is written in plain English so that any investor, from the beginner to the pro, can make sense of the current market.
Download current issue:2nd Quarter 2010 (PDF)
Commentary & Market Analysis
July 1, 2010
It is safe to say that a cyclical (short-term) bull market commenced in March 2009. Bull markets are formed when all pullbacks inside the bull are contained at a higher price than the previous pullback. We saw pullbacks during the summer and fall of 2009, and on February 5, 2010 when the S&P 500 Index was at a low price of 1045. Most recently on June 7th, the S&P 500 Index tested this level successfully, meaning that buyers bid-up the price of underlying securities.