Market Commentaries

“People cannot stand too much reality”

April 2005

Presidents_Letter_04-26-2005


2004 U.S. Bond Market Recap

January 2005

2004_US_Bond_Market_Recap


2005/2006 Interest Rate Outlook

December 2004

2005-2006-Interest-Rate-Outlook


“Where have you gone Joe DiMaggio?”

September 2004

Presidents_Letter_Summer2004


Municipal Bond Pricing and Liquidity

April 2004

PricingLiquidity


Long-term Interest Rates will NOT spike upward…

March 2004

jeffsletter030504


“Sell When You Can, You Are Not for All Markets.”

January 2004

Presidents_Letter_Winter2004


Our 20th Year

December 2003

20thYear


What Recovery? President’s Letter

November 2003

PresLetter-031128


“Those were the days my friend, I thought they’d never end…”

September 2003

PresLetter-030717


Registered and Qualified The “Fed” & Main Street, USA

May 2002

Registered_and_Qualified


An “Old Timer’s” Look…

November 2001

Old_Timers_Look_BondMrkt


Performance Matters

October 2001

Performance_Matters_-Winter_2001


Our Challenge Ahead

November 2000

Our_Challenge_Ahead_Win2000


“To be or not to be AAA rated”

August 2000

Presidents_Letter_Fall2000