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2009 Q4 - Investment Letter (Forecasting)
Yet another historical year! Alan Abelson summed up 2009 nicely: “An economy on crutches accompanied by a stock market on steroids.” (Barron’s, December 28th issue). We are glad to report that for the year 2009 our investment strategies appreciated 34.3 to 49.8 percent, compared to the S&P 500’s 26.5 percent. We are even more pleased …