Sage Advice Quarterly Market Review 3Q2009

The recovery rally, which began early in the second quarter and continued throughout the third, exhibits continuing signs of an economic rebound, with high cash balances and low interest rates providing a powerful mix for risk assets. Global equity markets added to gains with most Major market indices experiencing double digit returns for the second quarter in row, the MSCI World Index returned 17.57% for the quarter! Emerging market and REIT indices outperformed for the quarter as the recovery mindset dominated investor sentiment.