What a week it was! The U.S. central bank marked the end of its quantitative easing, while promising to keep interest rates low. On the other side of the world, the Japanese central bank did the opposite. Their Fed increased the amount of stimulus it will add to the economy from $600 billion to [...]

Tim Cook, the CEO of Apple, announced to the world that he was gay in an essay published in Bloomberg BusinessWeek.  While many believe Cook’s statement will shock and awe the nation, chances are it won’t.  Being part of the LGBT community is not only popular today, but has also become a lucrative niche market [...]

The IRS has given us all a New Year’s gift. As of January 1, the tax-deferred contributions on a variety of employee-sponsored, retirement savings plans have been increased, but not for IRAs.

All Clear

If investors needed proof that the market’s bottom is in, this week provided it. It was the best week of the year in stock market gains and it looks like we have more on the way.

  Mid-term elections are less than two weeks away. Issues, for the most part, have fallen bye the wayside as pure politics runs amuck. No wonder voter turnout is traditionally so poor in this midterm madness.

So far, so good

  This week’s behavior in the stock market went according to plan. We broke through several technical supports, reached a fairly critical level, and then bounced back. However, October isn’t over and the probability that we experience more downside remains high. Here’s my take on the week ahead.

OPEC’s oil ploy

OPEC’s oil ploy Over the last four months Americans have received an early Christmas present. The price of oil has dropped precipitously, benefiting both corporations as well as the consumer. But that could be a two-edged sword for this nation. Brent crude, the global oil benchmark in the futures market, has declined 23% since its [...]

Are we there yet?

  No, is the short answer to that headline. The S&P 500 Index needs to test 1,905 or thereabouts before all is said and done. You might ask why.

The stock markets are at record highs. Interest rates are at record lows. The unemployment rate is below 6% and yet, most Americans are unhappy. They are not feeling the recovery. Why?

  Volatility was the buzz word this week in the stock market. The averages moved up and down by a percent or so on a daily basis but ended the week on a high note. Can we expect more of the same?