To Our Clients and Friends of Parthenon LLC The weight of the challenges facing the U. S. economy took a heavy toll on the equity markets in the first half of the year. The S&P 500 fell 11.92%, the weakest first half since 2002. From its October 2007 high to the low reached in July,…
To Our Clients and Friends of Parthenon LLC Although 2007 was a year of growing market volatility and economic angst, the returns for the broad market were only moderately below the long-term average. Hidden behind the broad numbers were some extremely wide divergences in business and stock performance across industries and companies. The S&P 500,…