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?

  You never paid attention to the family finances. Suddenly, your spouse wants a divorce. Fortunately, it’s an amicable separation and you agree to split things up equitably. Where do you begin?

  The dollars running, stocks are falling, bond prices are jumping while commodities are tanking.  Welcome to another week in the financial markets. Expect more of the same in October.

  Monday’s Wall Street sit-in by a few hundred radicals would lead us to believe that Wall Street is responsible for the present changes in the world’s climate.  Maybe so, but remember this, what Wall Street has done, it can also undo.