In the Rear View Mirror: Thankfully the U.S. market was closed on Thursday for Thanksgiving. On Friday, stocks continued their downward trend as investors’ concerns about the European saga continued. The three main indices suffered their biggest weekly losses in the past two months and every index we follow flashed a bright red number. There … [read more]
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Stocks have turned down since the beginning of the month, but not as severely as one might think. The Dow and the NASDAQ are off 3.8% and 6.1% respectively, and the S&P 500 has loss 5.2%. These somewhat modest declines in the face of so much disturbing news indicate that stocks have a lot of … [read more]
Read MoreIn the Rear View Mirror: Every major index that we follow took a beating last week with only the Dow and Amex staying in positive territory on a year-to-date basis. Regarding the European Debt Crisis, which remains front and center news…we found some interesting comments, and one from Yahoo Finance really zeros in on the … [read more]
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In the Rear View Mirror:Every major index that we follow surged upward on Friday, erasing their losses from earlier in the week. Greece and Italy looked like they were serious about getting their finances under control; former central banker Lucas Papademos was sworn in as interim prime minister in Greece, following a political crisis that … [read more]
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In the Rear View Mirror:The market looks like a roller coaster…down Monday, down Tuesday, up Wednesday, up Thursday and back down on Friday. It’s making us crazy. Greece’s wishy-washy government and schizoid prime minister continue to be the prime drivers for the stock market … [read more]
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