October 2009: What a Difference a Year Makes

WHAT A DIFFERENCE A YEAR MAKES

The end of the third quarter marked the first anniversary of the cataclysmic failure of Lehman Brothers and the collapse of the credit markets. There are a number of significant dates in everyone’s life that warrant reflection, renewal, and often resolution. New Years, Anniversaries, Birthdays, and major historical events have typically been the most common. Investment professionals will add September 15th to the list. It is not our intention to use this commentary to provide a summation of what occurred. Much has already been written on this topic and we have spent hours understanding, debating, and learning from the crisis (for more reading see “Eight Days” by James B. Stewart in the 9-21-09 New Yorker). Now we look ahead at the changing global economy and its impact on future investment opportunities.



IMPORTANT DISCLOSURE
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Greenwood Gearhart Inc. (“GGI”), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from GGI. Please remember to contact GGI, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services. GGI is neither a law firm nor a certified public accounting firm and no portion of the newsletter content should be construed as legal or accounting advice. A copy of the GGI’s current written disclosure statement discussing our advisory services and fees continues to remain available upon request.