Market Commentaries

“People cannot stand too much reality”

April 2005

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2004 U.S. Bond Market Recap

January 2005

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2005/2006 Interest Rate Outlook

December 2004

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“Where have you gone Joe DiMaggio?”

September 2004

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Municipal Bond Pricing and Liquidity

April 2004

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Long-term Interest Rates will NOT spike upward…

March 2004

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“Sell When You Can, You Are Not for All Markets.”

January 2004

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Our 20th Year

December 2003

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What Recovery? President’s Letter

November 2003

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“Those were the days my friend, I thought they’d never end…”

September 2003

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Registered and Qualified The “Fed” & Main Street, USA

May 2002

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An “Old Timer’s” Look…

November 2001

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Performance Matters

October 2001

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Our Challenge Ahead

November 2000

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“To be or not to be AAA rated”

August 2000

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