“…the current level of the stock market represents an attractive investment opportunity…in relation to short-term interest rates, these prices represent the most attractive values investors have seen since the early 1980’s.”

– David Ackerman, ACM Quarterly Commentary, October 22, 2002

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THE S&P 500 RECORDED ITS BEAR MARKET LOW THAT SAME MONTH AND WENT ON TO DELIVER A TOTAL RETURN OF MORE THAN 100% OVER THE NEXT FIVE YEARS.     

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