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The
Robinson Report |
A quick
and simple weekly
market performance report.
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Monday,
October 29, 2007
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Week
in review:
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The Markets
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Investors took heart in strong earnings reports from
individual companies, helping markets recover some of the
ground in the Oct. 19 sell off. Despite housing lows and oil
highs, the Dow managed to gain 2.11 percent to close at
13,806.70. The S&P added 2.31 percent to finish at 1,535.28,
and the NASDAQ rose 2.90 percent to end the week at 2,804.19.
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All The Stocks
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From a total U.S. stock market capitalization
of $2.3 trillion following the losses of Oct. 19, 1987 (Black
Monday), the total value of U.S. stocks has rebounded to $18.7
trillion today, an annual growth rate of 11 percent over the
past two decades (Source: Wilshire, San Jose Mercury News, New
York Stock Exchange).
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Budget Results
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President Bush’s budget (made public on Feb. 6,
2006) for fiscal year 2007 (i.e., the 12 months ending Sept.
30, 2007) called for the government to spend $2.77 trillion
and incur a $354 billion deficit. The actual numbers were
$2.73 trillion of spending (or 1.4 percent less than
projected) and a $163 billion deficit, or 54 percent less than
originally estimated (Source: Treasury Department, White
House).
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More and More
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The combined cost of Social Security, Medicare
and Medicaid will double as a percentage of our nation’s gross
domestic product (GDP) from now through the year 2045. The
cost of the three government programs is projected to rise as
a percentage of GDP from 9 percent to 18 percent. (Source:
Center for Retirement Research,
Government Accountability Office).
ASSET
CLASS RETURNS (see disclosures below) 
Portfolio
Performance REVIEW (see disclosures below)
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"When
humor goes, there goes civilization."
--Erma Bombeck
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% change in week ending 10/26/07 |
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S&P500 |
2.31 |
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US Lg Val (Russell 1000 Value) |
1.83 |
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US Sm (Russell 2000) |
2.83 |
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Intl (EAFE) |
1.46 |
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Intl Sm (EAFE Small) |
0.63 |
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3-5yr Govt (Bloomberg) |
0.52 |
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Are you happy with your
investments?
The goal of RCM Robinson
Capital is to successfully advise public
institutions and private investors regarding
their institutional fixed income and investment
needs.
For more information, please
call 1-415-771-9421.
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Important Performance Disclosure Information
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Asset
Class returns are represented by market indexes that are
unmanaged baskets of securities. Investors cannot directly
invest in market indexes. Foreign securities involve additional
risks, including foreign currency changes, political risks,
foreign taxes and different methods
of
accounting and financial reporting.
Portfolio Performance is the total return of
seven unique asset allocation strategies that seek to fit the
distinct needs of different investor goals, risk tolerance
levels and investment time horizon. Each portfolio contains up
to 16 individual funds totaling over 4000 securities, managed by
OppenheimerFunds.
The portfolios are designed to create efficient diversification
through the selection of mutual funds that may have a low
correlation between asset classes.
The purpose of these tables and charts is for you to follow
specific market indexes, observe asset class rotation and to
compare actual portfolio returns net of management fees.
Asset allocation strategy is available
here.
Performance
quoted is past performance and cannot guarantee comparable
future results. Performance figures reflect reinvestment of
distributions and changes in net asset value (NAV). Investment
return and principal value will vary so that you may have a gain
or loss when you sell shares. The contingent deferred sales
charge (CDSC) on Class C is 1%. No CDSC will be imposed on redemptions
of Class C shares following one year from date shares were
purchased. Performance shown does not include applicable CDSC,
which would have reduced performance.
Before
investing in any of the
OppenheimerFunds, investors should
carefully consider a fund's investment objectives, risks,
charges and expenses. The fund's prospectus contains this and
other information about the fund. Read prospectuses
carefully before investing.
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| S&P 500 - Standard & Poor's 500 Index (not
including dividends) - generally considered a U.S. Large Growth
company market index. |
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Russell
1000 Value Index (US Lg Val) - generally considered a U.S.
Large Value company market index. |
Russell 2000 Index (US Sm)- generally considered a U.S.
Small company market index. |
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EAFE - EAFE Index (Intl) (not including dividends) Europe,
Australia, Far East and generally considered a large company
international market index. |
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EAFE Sm - EAFE Small Index (Intl Sm) (not including dividends)
Europe, Australia, Far East and generally considered a small company
international market index. |
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Bloomberg Silicon Valley
Index - market index of high tech companies located in the Silicon
Valley area. |
Global Hedge Fund Index - representative
of the overall composition of the hedge fund universe. It is
comprised of eight strategies:
convertible arbitrage, merger arbitrage, equity hedge, equity market
neutral, relative value arbitrage, event driven, distressed
securities, and macro. The strategies are asset weighted based on
the distribution of assets in the hedge fund industry.
See hedge
fund risks. |
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3-5yr Treas. - Bloomberg U.S. Government Treasuries
3-5 year maturities index and generally considered a intermediate
maturity U.S. Government Note index. |
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Asset Class - a group of
investments that share similar risk and return characteristics. |
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All investments involve
risk, including loss of principal. Foreign securities involve additional
risks, including foreign currency changes, political changes, foreign
taxes, and different methods of accounting and financial reporting.
The
foregoing has been prepared solely for informational purposes, and is not
an offer to buy or sell or a solicitation of an offer to buy or sell any
security or instrument or to participate in any particular trading
strategy.
The information contained herein is based on
sources and data believed reliable, but is not guaranteed. Advisory
services offered through RCM Robinson Capital Management LLC, SEC
Registered Investment Advisor. Securities offered through Securities
America, Inc., Member FINRA/SIPC. Douglas C. Robinson, Registered
Representative. RCM Robinson Capital Management LLC and Securities
America, Inc. are separate and unaffiliated.
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