Dear Clients and Friends:
There’s no shortage of writing material for the third quarter leading into the fourth quarter. What better topics than the elections, the fiscal cliffhanger (as others have referred to it) and, of course, the equity markets? As is generally the case, the stock market leads the headlines. So, true to form, we’ll start with a review of the markets for the third quarter, followed by what we are calling “throwing spaghetti at the wall” (better known as QE3).
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