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Recovery Rallies

Soon after the market bottom of March 2009, we stated that the sharp week-long market drop in October 2008 resembled the market “crash” of October 1987.

Interest Rate Outlook – “Old Normal”

Contrary to a popular belief that interest rates are destined to rise significantly, at ICON we believe we may be re-entering the “old normal” where the U.S. Treasury 10-year yield remains between 2%-4% for an extended period of time.