In the Rear View Mirror: The U.S. markets rang up their best week in two years even though Friday was basically unchanged. Finally some decisive steps by the Fed and other central banks to fix the European debt crisis sent stocks soaring on Wednesday…certainly more details are needed before we can consider this little more than a temporary … [read more]
Read MoreIn 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]
Read More
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]
Read More
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]
Read More
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]
Read More
In the Rear View Mirror:US markets were basically flat on Friday, but are headed toward an outstanding October…Euro leaders reached a deal last Thursday to help solve the debt crisis and the market responded positively to the news. The Dow briefly gained more than 400 points leading the largest global rally … [read more]
Read More
October has been another volatile month for the markets, but the swings we saw from day to day and week to week, were less violent than they were in August and September. It is also encouraging that the major indices looks to be ending the month on a positive note and, for the most part … [read more]
Read More
In the Rear View Mirror:It was an interesting beginning to the week as investors reacted favorably to positive reports that Germany and France agreed to increase the strength of Europe’s newly revamped bailout fund… but the mood soured with a lack of concrete details. By Wednesday, the Federal Reserve had released a pessimistic report on … [read more]
Read More
In the Rear View Mirror:Surging profits by Google, a strong weekend launch anticipated for Apple’s iPhone 4S and stronger retail sales sent stocks higher Friday and wrapped up a big week for U.S. markets. The Dow Jones Industrial Average turned positive for the year after three consecutive weeks of gains while the S&P 500 and … [read more]
Read More
