The second quarter began with investors hoping that the worst of the credit crunch was over and earnings growth would resume in the second half of 2008. The major indices all bounced in April and May only to continue their decline in June (worst June in 78 years according to Dow Jones). The lingering credit crisis coupled with soaring oil prices left the markets with their worst first half since 1970 and essentially testing their 52 week lows.
Read the rest of the Summer 2008 JAM Newsletter
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