Yesterday we almost had the first 100 point down day this year for the Dow Industrials as the uncertainty in Europe and a sell off in Apple stock took the market down 97 points.   In economic news today the Commerce department reported housing starts were up 1.5% from December to the highest level in over…
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Happy New Year indeed, as the market moved up 180 points on the first day of trading and continued to move higher nearly every day during the month.  Last month we pointed out January is historically the best month of the year for equities and this January, while only the 3rd up month for the…
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Santa Claus Rally is the phrase used to describe the tendency of the market to move higher around Christmas.  It is hard to tell whether it is caused by money managers simply being in a better mood around the holidays or buying in anticipation of January, the traditional strongest month of the year. Regardless, after…
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Coming off the best October market performance in history it appeared the European Union had finally begun to seriously address their economic issues. Fear that a default by Greece would start “domino defaults” in other European countries had not only kept our stock market in check but seriously threatened the global economic recovery. As a…
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Today is Halloween and while the October market was full of both tricks and treats it was really a European odyssey with news from that continent moving the market daily. We began the month with a continuation of the August/September selloff and on the 4th the S&P 500 traded to a new 13 month low…
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