Quantcast
949-715-4100

Taking Stock

The Breezes Of August The stock market made a strong recovery after sagging for almost two weeks, than plunged again on news that China had devalued its currency. Market followers usually overreact to news and the surprise 1.9% devaluation of the Yuan interrupted a strong rally...

Taking Stock

Stocks For Going Steady Once again, stocks slumped for several days, prompting the media to sound storm warnings. Led by tech and biotechs, stocks then caught their breath, put together a string of rallies and reassumed their uptrend. These elastic rebounds are remarkably...

Taking Stock

The Third Year Theme This, the third year of the presidential election cycle, has historically been very favorable for the stock market. That’s good news as stocks are still having trouble sustaining traction. Led by Apple and Google, the NASDAQ over-the-counter stock average...

Taking Stock

Experience, Investigation And Action Predicting the future is a popular activity. Less favorable results come from the overly confident. Several years ago the CEO of Microsoft dismissed the iPhone for its high cost and lack of a keyboard. He said, “There’s no chance that the...

Taking Stock

Power Stocks Stocks finished the June quarter with a whimper. As the simmering Euro crisis with Greece finally boiled over, markets dipped everywhere and then began coming back when investors realized that most other economies would easily survive the possible failure of the...

Taking Stock

Keeping Stocks On Course The stock market indices continue to crawl toward record highs without attracting much interest and even less enthusiasm. Despite the usual sound and fury, the overall market gains are tepid with both the Dow Jones Industrial Average and the S&P 500...

Taking Stock

The Lazy, Hazy, Crazy Days Of Summer The stock market beat goes on. Rumors of Greece defaulting on government debt scare investors and stocks then dip. Rumors that its debt problem will somehow be restructured send the market back up. After a couple of these zigzags, stocks...

Taking Stock

Here Comes June, Here Comes The Economy The economy contracted during the first quarter. The Atlanta Federal Reserve Bank, which accurately predicted this disappointing first quarter, just updated its forecast for the current second quarter to a 1.1% increase in GDP. This doesn’t...

Taking Stock

Readiness is All Slow growth continues. This is a generally favorable environment for stock investors as it discourages the booms and busts that accompany apparent but unsustainable growth surges. Recent examples were the dot.com frenzy of 2000 and the popping of the housing...

Taking Stock

The Tree in the Forest If a tree falls in a forest and no one is around to hear it, does it make a sound? This philosophical thought experiment reminds me of the muted manner in which the financial media is reacting to stock market averages climbing to new highs. During the past...

Taking Stock

Home On The Trading Range Stocks continue trading in a concise range. The Dow Jones Industrial Average began the year at 17,823, sagged to 17,164 on January 30 and made a record closing high of 18,828 on March 23. It’s currently around 18,250, almost midway between the year’s...

Taking Stock

Farewell ‘til September One of the many veteran Wall Street sayings is Sell in May and go away, come again after St. Leger’s Day. St. Leger’s Day, Sept. 14, has been commemorated in England since 1776 [!] by the St. Leger Stakes, the final race in England’s Triple Crown. The...

Taking Stock

New High Ground  The stock market continues to generate more activity in the media than in price movements of stocks. For the recent quarter ending March 31, the Dow Jones Industrial Average closed at 17,775 and the S&P 500 at 2068, just where they were on New Year’s Day....

Taking Stock

Round And Round It Goes Round and round it goes, and where it stops the Chairwoman knows. Wall Street is intensely waiting for the next Federal Reserve move as if watching for white smoke at a papal conclave signaling the election of a new Pope. Interest rate levels bear...

Taking Stock

March Market Madness  Volatility is back. Actually, it’s never gone away; just hiding when stocks put together a string of up days before reversing. J.P. Morgan, who dominated American finance during his time, said, when asked what the stock market will do, “It will fluctuate.”...