I wanted to answer a question a few of you have asked.

 

Q:           Can the markets rally like China once the worst of it has passed?

A:            Anything is possible and you know we expect one heck of a rally on the other side, but don’t forget China is NOT a free market or economy.  I would never use their data as a reference point for anything other than currency.

 

Past performance is not a guarantee of future results. Index returns are unmanaged and do not reflect the deduction of any fees or expenses.

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