Traders build a wall of worry

The markets are marking time. Earnings season is just about over. The lofty levels of the stock market survived those results largely because they were not quite as bad as expected. Now it is on to the next worry. Pick your poison– uncertainty over this summer’s...

Markets wrestle with the unknown

“Double, double toil and trouble; fire burn, and cauldron bubble.” Macbeth by William Shakespeare Jobs, politics, the dollar and oil, stir in a little seasonality, and what you have is a witch’s brew of uncertainty. And we all know how much the markets abhor the...

It may be that time again

For traders, the old adage to “Sell in May” is now upon us. Over the past 40-plus years this recommendation has worked over 70% of the time. Should you go with the statistics or ignore them? As regular readers know, the S&P 500 Index has already reached my target...

Markets hold on to weekly gains

It was a struggle, but the stock market indexes stubbornly refused to cave in despite some really horrendous earnings reports. A battle is being waged among bulls and bears right here, right now. Who will win? Remember last week when I reported that earnings have been...

The Doha Dilemma

Will they or won’t they freeze oil production this weekend at the OPEC meeting in Doha, Qatar? All the main oil producers will show up. The direction of oil prices (and the markets) may hinge on the outcome. As expected, various energy players continue to make...

Markets remain choppy

It was a nothing week, although on any given day investors saw the averages gain or lose one percent or more. Next week offers more of the same. In my last column, I said that the markets are caught in a trading range and will remain so until the OPEC meeting...