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Author Archive for Tony Crowell

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Taking Stock

Taking Stock

It’s Almost Over Hurricane Sandy forced the stock market into a rare two-day shutdown. This was the first two-day weather closure since the Blizzard of 1888 that brought 40 inches of snow to the Northeast. After 9/11, the markets closed for four days. There have been other closures, sometimes for happier events, particularly to celebrate […]

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Taking Stock

Taking Stock

Election Jitters The market stumbled recently amid uncertainties about third quarter earnings and the imminent election. Down 2% in October, it’s still up over 12% for the year. Momentum should carry to higher returns once the election is past us and we approach yearend. In most election years, by this time the probable winner has […]

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Taking Stock

Taking Stock

Stocks are going through a “correction,” normal behavior after a satisfying advance so far this year. Investors remain quite sensitive to company events and the forthcoming round of quarterly earnings reports will be critically judged. Last quarter’s reports produced some disappointments. These prompted analysts into downward revisions on many stocks for this quarter and all […]

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Taking Stock

Taking Stock

Buying Low And Selling High Is Hard To Do When asked what the stock market was going to do, J. P. Morgan said, “It will fluctuate.” I believe this to be an unsurpassed prediction of market behavior. Many investors resist this truism and allow normal stock ups and downs to scare them into bonds or […]

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Taking Stock

Taking Stock

Quarter’s End As we near the end of the third quarter, stocks are up 6% for the quarter and 15% for the first nine months of the year. These returns are of the S&P 500 stock index, which is running a bit ahead of the popular Dow Jones Industrials Average. The S&P includes Apple and […]

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Taking Stock

Taking Stock

Walking A Tightrope Stocks continue to walk a tightrope above the perils of some country fleeing the Euro Zone or of this country falling off the dreaded “fiscal cliff.” Our political campaign exacerbates these dangers yet the stock market keeps on rolling. As we move into fall, the averages are all holding above their psychologically […]

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Taking Stock

Taking Stock

Summer’s End Investors had a good summer in the stock market. As we approach the end of August, Federal Reserve Chairman Bernanke is expected to indicate whether the economy needs another shot of bond buying by the Fed or if the recovery has strengthened sufficiently to forego this assistance. Recent stock market advances indicate that […]

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Taking Stock

Taking Stock

Facebook Or Apple? Quality counts. This is true in most things, including the stock market. The difference is clearly shown in the recent performance of Apple and Facebook. Apple set record new highs while Facebook slumped, becoming one of the least successful initial public offerings in recent memory. Its problem is that Facebook lacks a […]

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Taking Stock

Taking Stock

Round And Round The Numbers Grow Stock market averages continue to hover above round numbers, without provoking the usual nervous selling. The popular Dow Jones Industrial Average has been above 13,000 since July with the broader S&P 500 staying above 1,400 and the more aggressive NASDAQ above 3,000. Round numbers attract attention and usually become […]

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Taking Stock

Taking Stock

Election Coming; What’s Next? Stocks continue on track for their best August in 20 years. No major developments have taken place recently in the problems of the Euro Zone or of the “fiscal cliff” here, so the market’s strength may be a reaction to an unaccustomed absence of bad news. Whatever the reason, an improved […]

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Taking Stock

Taking Stock

Global Bargains Stocks pushed through the prevailing anxieties to end July with a 2% gain. That put them ahead 10% for the year so far. Not bad, particularly in the face of media warnings that the economies of both the U.S. and Europe face imminent collapse. Each faces complex and serious problems but responsible people […]

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Taking Stock

Taking Stock

Election Year And Stocks Turbulent currents continue to make the stock market work slowly upstream. Troubling news from the Euro Zone pushed stocks back this summer although the market (S&P 500) is still eight percent ahead for the year so far as we approach August, historically the least volatile month for stocks. Readers have asked […]

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Taking Stock

Taking Stock

Weeding And Seeding Stocks appear to be firming up as if they were going to the gym for workouts instead of to their creditors for financial workouts. Some of their support is coming from an absence of any more dramatically bad news from Europe. Those troubled economies are prompting companies with global sales to temper […]

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Taking Stock

Taking Stock

A Long, Warm Summer Midsummer arrived on schedule as did the first wave of quarterly earnings reports. The summer is hot, the reports lukewarm. First returns show decent results in sales and earnings despite a sluggish economic recovery but the forecasts are guarded. Europe’s uncertainties and its slumping economies are beginning to impact the sales […]

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Taking Stock

Taking Stock

Hiding From Risk Stocks kept their course during a challenging quarter. After selling off in May and rallying in June, the market ended off three percent for the three-month period. For the first six months of 2012, the Dow Jones Industrials gained five percent and the more broadly based S&P 500 index was up eight […]