There are a lot of headwinds that both the market and the economy face. We came into this year thinking that this year was going to be more challenging than most investors and strategists thought. So far it has.
Sean Clark
With what we saw with Hurricane Katrina and the rising price of gas and oil, that's just not an area we feel comfortable investing any dollars in. The economy is slowing and that's going to be a significant impact on those types of companies.
feel impact economy price rising oil investing comfortable
Historically, the markets have responded very positively to crisis-like events.
events
thought market thinking face economy challenging
We feel that the traditional accounting measures designed to capture physical assets are deficient in capturing the full value of a firm.
feel physical
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