A Few Dollars More

This week the stock market made it clear that the path of least resistance is higher. All three averages are now once again sporting gains for 2010 and it looks like we are on target to at least challenge the year’s highs from here.

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In last week’s column “Is the Dip Done” I ruminated on whether the S&P 500 Index’s correction was over. There were conflicting signs in the markets and I decided to wait a week before jumping on the rally band wagon. I’m glad I did since the market’s action this week makes me believe there is [...]

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Is the 8% correction in the S&P 500 over? During the last five trading days the index has gone straight up. Since the intraday low of 1144, established on February 4, the S&P has gained back almost 6.5%. So far it has been a classic buy on the dip scenario. So why am I still [...]

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Back in the Sixties, Marshall McLuhan popularized the term “Global Village”. It is a term used to describe how the globe has contracted to the size of a village thanks to technology and the instantaneous dissemination of information worldwide. This week, investors were feeling the consequences of this phenomenon up close.

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So far this pullback has lasted a mere thirteen days. During that time the Dow has corrected 6.9%, the NASDAQ 8 % and the benchmark S&P 500 has lost 7.4 %.That makes it the deepest correction since the rally began in March, 2009 and it’s not over yet.

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In case you forgot how painful corrections can be, this week reminded most folks that financial markets can move in both directions. Yet I’m not seeing any panic, which may or may not be a good thing. The best I can say for the markets right now is that we are at least half way [...]

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It’s been quite a week on Wall Street.  In fact, it’s been the worse week of downside since October, 2009.  But don’t fret; this is not the beginning of a second collapse, regardless of the claims of the hibernating Perma-Bears who are suddenly coming out of their caves.   Instead, I suggest you look at it [...]

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It is no surprise that the markets were having a hard time moving higher this week. Investors went into this fourth quarter earnings season primed for another big leg up. The problem is that so much of their expectations are already discounted by the market.

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For most of the nation and certainly here in the Berkshires, we are up to our knees in the white stuff and bears are supposed to hibernate in the winter. Hopefully, the same will be true in the stock market.

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Now that the remaining days of 2009 have come and gone, there’s little to say about this year’s Christmas Rally. It appears Santa was a might stingy as far as the stock market was concerned.

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