Summer Roller Coaster
Economic Commentary Highlights...
- Knowing the extent of the highs and lows and when it is going to be over play a crucial role in the summertime fun of riding a metal roller coaster. Riding a market roller coaster offers no such assurances and is no fun at all.
- While last week's volatility is unprecedented, we can take some comfort that the overall moves and sentiment in the market this summer are familiar; they echo those of last summer.
- Last year, the roller coaster did not leave the track and the summer plunge turned into a steep climb as stock and bond yields rose to new post-recession highs. We continue to believe this summer's drop will end with similar results and ultimately produce a modest single-digit gain for the S&P 500 in 2011.
View the entire Economic Commentary
Lincoln Savings Bank and LSB Financial are pleased to provide the above Market Commentary for the week of August 17, 2011. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx
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