fortress investing  

Market Commentary

      Archives:     2019    2017    2016    2015    2014    2013    2012    2011    2010    2009    2008    2007  Oct  Aug  Jul  Feb    2005  
Mon, 17 July 2006
Going Nowhere Fast
This is turning out to be a summer of discontent for stocks. Since mid-May, the Dow Jones Industrial Average is down 8%, giving up nearly all the gains for 2006. The Nasdaq has fared even worse, declining nearly 15% from its highs and now down over 7% for 2006.  
Fortress has moved to a more cautious investment approach, raising cash in money market funds by reducing exposure to stocks. Protecting client assets is one of the primary goals of Fortress, to preserve investment dollars for the next market advance.  
Posted: 2:08 CST

Ask a Question
independent financial advice
Fortress Investment Services, Ltd.
John A. Urbanski
18828 Nature Lane
Eden Prairie, MN   55346