Pursuing a Better Investment Experience with Capital Associates
1st Quarter 2009 Powerpoint
1. Taylor Financial Group First Quarter 2009 Review & Outlook April 2009 THIS PRESENTATION INCLUDES MATERIAL COPYRIGHTED BY LITMAN/GREGORY ANALYTICS, LLC, A RESEARCH SERVICE UTILIZED BY YOUR COMPANY
15. Investors Typically Become More Risk-Averse After Major Bear Markets Rolling Five-Year P/E Ratios Lower P/E multiples following bad bear markets reflect periods of risk aversion (remember that because each point reflects the trailing five years there is a lag relative to the dates shown).
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18. Quarterly Performance of High-Yield vs. Equities Since 2007 Market Peak The credit crisis and forced selling drove high-yield bond prices to compelling levels when we first added them in the fourth quarter.