A virtuous circle

This week the stock market made a series of minor new highs. But China’s surprise move to lower interest rates caused global markets to surge on Friday. November and December are typically the best months of the year for stocks and it appears 2014 will not disappoint....

Markets are in half time.

Stocks have had a wonderful run since mid-October’s swoon. The S&P 500 Index is now up over 10% from its bottom. As we approach another record high, expect some backing and filling before moving higher. I wish I could say the same about the price of oil. The price...

There’s no place like home

Sure, we have problems, lots of them, but right now America and its financial markets are the only game in town. Here’s why. Let’s start with the mid-term elections. It didn’t take a rocket scientist to figure out that the GOP would sweep both houses of congress. Now...

From one Fed to another

  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...

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. That’s not to say we couldn’t have another pullback, but it won’t be to the levels we saw...

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....