Alhough the S&P 500 was down 3.6% in January 2010, it gained 15.1% for the whole year. In January 2009 it was down 8.4%, but rallied to gain 26.5% for the year.
The total U.S. stock market capitalization was $15.5 Trillion at the end of 2010, up $2.2 Trillion for the year.
15 Municipalities filed for bankruptcy protection in the last 2 years – A warning for holders of Muni bonds.
Financial analyst Meredith Whitney predicted on “60 minutes” that we could see 50-100 municipal bond defaults in the next 12 months.
Total U.S. spending on defense for fiscal 2011 is estimated to be $750 billion which is 19.6% of total government spending.
29.8% of home mortgages modified by lenders in the 3rd quarter of 2009 were 90 days or more delinquent 1 year later.
The Seahawks went 7-9, were outscored by 97 points during the regular season, had no Pro Bowl selections, but beat the defending Super Bowl champs in the playoffs.
0 comments:
Post a Comment