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Author Archive for Tony Crowell

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Taking Stock

Taking Stock

Hitting The Ceiling The nation was forced to the brink a critical crisis, perhaps the most threatening since the Cuban missile crisis in 1962. A small faction in the House of Representatives probably amazed themselves with the potentially destructive power they held. Apparently, they were playing to avoid developing disfavor with their constituents whom they […]

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Taking Stock

Taking Stock

Congress Vs. The U.S. Economy Stocks paused for breath after a strong rally, quietly sliding for a week but remaining well ahead for September. Their big rally followed the Federal Reserve’s decision last week to continue its monthly $85 billion stimulus measures. With that issue deferred, investors are now becoming increasingly nervous about the increasing […]

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Taking Stock

Taking Stock

Where Now, New Dow? Stocks shook off several troubling worries, both foreign and domestic, and powered ahead to a new uptrend, with a strong surge back above 15,000 on the Dow Jones Industrial Average. This famous index of market performance is an old-fashioned arithmetic average of only 30 stocks rather than the broader S&P 500 […]

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Taking Stock

Taking Stock

Advice From Mark Twain Stocks stumbled through the summer with the Dow Industrials losing 3% and then regained balance in September before the tragic situation in Syria began to dominate the news. Despite the many uncertainties of any military situation, stocks actually rallied with their best weekly performance in two months. The prospects of armed […]

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Taking Stock

Taking Stock

Syria And Stocks The prospects of military action brought on by events in Syria sobered the stock market. Beyond the human costs inherent in any military action, troubles in the Middle East usually bring higher energy prices. Similar events in the past seem to have conditioned investors, whose reactions this time were not as overdone […]

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Taking Stock

Taking Stock

Stocks Rehearse For A September Opening There is an old theatre saying that a poor dress rehearsal means a successful opening once the regular run begins. This might be true although it’s probably a myth created to settle the nerves of the performers. If applied to the stock market, the anxious selling of the last […]

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Taking Stock 8/16/13

Taking Stock 8/16/13

Apple Adds a ‘Friend’ Apple stock got a price lift from an unexpected source. Carl Icahn, the famous corporate raider, announced he had taken a $1.5 billion position in its stock and intended to request a stock buy back in the hope of boosting its price. That was enough to take the stock up 40 […]

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Taking Stock

Taking Stock

Summer’s Harvest Wall Street traders make up for the lack of holidays in August by taking vacations, usually after the middle of the month. Trading volume dips, sometimes exaggerating market swings and clouding identification of sector trends. Despite this choppy behavior, August is actually the most stable month overall, having notched an average 0.08% gain […]

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Taking Stock

Taking Stock

New Highs, Old Principles Stocks powered to new highs on both the Dow Jones Industrial Average and the S&P 500. Only a week ago, I commented that the basics supported further market advances to 16,000 on the DJIA and 1,700 on the S&P. The S&P then closed at 1707 a week later with the DJIA […]

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Taking Stock

Taking Stock

Back To Basics With no new announcements from the Federal Reserve, the stock market calmed down. In May, Chairman Bernanke’s comment about prospective tapering of its supportive policies spooked Wall Street and set off a 6.4% pullback. Since then, the markets seem to have accepted a prospective tapering of the Fed’s programs by year-end. Lacking […]

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Taking Stock

Taking Stock

He Walks the Line Stocks continue to take direction from the comments of Federal Reserve Chairman Bernanke. He recently emphasized that the Fed remains committed to shoring up the economy and that any deceleration in its policies will happen because it is achieving its goals, not because it has lowered its sights. Since the Fed […]

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Taking Stock

Taking Stock

From Corrections To Jazz The market’s uptrend momentum lost energy and the background news of anxieties about interest rates pushed it into a “correction.” This was to be expected after its strong run this year. This environment demands restrained buys and even some sells. As reported last week, I sold a few positions in order […]

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Taking Stock

Taking Stock

Treasury Bonds Or Tesla Stock? Stocks sold off as the summer began, giving back the gains they achieved in May. Investors seemed unusually spooked by these fluctuations, possibly in reaction to all the publicity about new highs and the new level of Dow 15,000. As the market slid back before this magic level, new anxieties […]

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Taking Stock

Taking Stock

Farewell To May, Hello To Summer The market had a good month. As May comes to a close, the S&P 500 is up around 6% for the month and 15% since the beginning of the year. As always, investors now ask, “What’s next?” Stocks tend to follow Isaac Newton’s first law of motion that an […]

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Taking Stock

Taking Stock

For the last three years, the favorite phrase of many Wall Street traders has been “Sell in May and go away.” Like most sayings that seem to offer clear direction in a few words, actual results may differ. Traders who have been waiting for a 5-10% “correction” to jump back in the market are still […]