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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In Bill Murray’s 1993 movie Ground Hog Day an egocentric TV weatherman is given the disappointing assignment of covering the Punxsutawney event and finds himself each morning awakening to repeat the same day over and over again. This year, September earned its reputation as the worst month of the year for stocks and nearly every…
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This month we were reminded of FDR’s first inaugural speech in 1933 wherein he made the famous quote, “The only thing we have to fear is fear itself”. The country was mired in the Great Depression and his words were an attempt to encourage people to stop fearing what might happen and begin to rebuild…
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During July the political gamesmanship in Washington over raising the Federal debt ceiling battled for headlines with better than expected earnings reports from corporate America giving us a very volatile month that began with a bang and ended with a thud. Events in Washington remind us of the legend that says Roman Emperor Nero fiddled…
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