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Davidson Investment Advisors Market Commentary for Q3 2011
October 10, 2011

Equity markets, down over 14% (as measured by the S&P500 Price Index) during the third quarter of 2011, delivered their worst quarterly performance since the first quarter of 2009 when markets were at the depths of the financial crisis in the U.S. The third quarter of 2011 also marks one of the worst calendar year third quarters on record since the great depression. Furthermore, many market watchers are beginning to draw parallels to Japan and the prospect of “lost decades” for the U.S. ahead. Is all this pessimism warranted? Are we destined to a fate similar to Japan?......Read Full Report

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