Friday, October 21, 2011

Third Quarter 2011 Investor Letter

Correlations were high in the strongly negative performing third quarter for most equity markets. So far in October though, the market has rallied strongly off the lows resulting in one of the best performing Octobers since 2000 with one week remaining. Europe's efforts to come up with a solution to their sovereign debt issues and Washington's Deficit Panel or Gang of 12 outcome could create headwinds for the market. Our 3rd Quarter Investor Letter contains our prospective views on the market for the balance of the year and into 2012.

HORAN Capital Advisors' complete Investor Letter can be accessed at the following link: 3rd Quarter Investor Letter

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