ARTICLE · 26 MARCH 1998

Market Viewpoint

Bank of Butterfield

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"Market Viewpoint is based on information which we consider to be reliable, but is not guaranteed as to accuracy nor does it purport to be complete."

Market Viewpoint
"Blame it on El Nino"
Sheree Ebanks, Senior Manager-Investment Services
Bank of Butterfield International (Cayman) Ltd.
March 13th, 1998

Why not? The poor little boy has been blamed on everything else this year, we may as well add the turbulent market we have been experiencing. For those of you who remember the article that appeared in the 2nd quarter of 1997, we likened the market to one of the rollercoaster rides at Busch Gardens. Guess what, it's not over yet. No, don't panic....not the bull market we have witnessed for the past three years, just the volatility. But, hang on, let's take a look back before glancing forward.

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