August 2011: Thoughts on Buy and Hold

Dear Clients,

By now, most of you are accustomed to hearing from me at the beginning of each quarter.  But due to the recent market volatility and increasingly negative news, I thought I'd drop a note just to let everyone know my thoughts on the current market climate.  Although in advance, I must commend all of you on your calm demeanor over the last several weeks and months.  At this point, I have communicated with most of you via phone or e-mail, and no one has displayed any desire to abandon their investment discipline or make any type of emotional trading decisions.  I have great clients.

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