renaissance

Taking Stock

Stocks are alternating up and down days, creating a chart pattern that looks like an electrocardiogram. The market’s uptrend remains intact but under some pressure as investors fret whether the forthcoming round of quarterly earnings reports will be sufficient to sustain its...

Taking Stock

Don’t Fight The Fed Stocks continue to flirt toward new highs on the Dow Jones Industrials. A record on the broader S&P 500 hangs only a few points above its recent levels. The economic recovery remains fragile after the Congress stumbled into across-the board spending cuts...

Taking Stock

New Record, Now What? Despite today’s unsettling news of U.S fiscal issues, investors continue to buy stocks with enough enthusiasm to send the Dow Jones Industrials Average to a new high. They did it again the next day and the day after that. This newly reestablished uptrend...

Taking Stock

There Ought To Be Clowns Congress confronts another budget crisis of its own creation, yet the major stock market averages are flirting with five-year highs. It may be that previous partisan political games of fiscal “chicken” have hardened investors against overreacting to the...

Taking Stock

The Shell Game And The Shale Game Stocks face two obstacles, both stemming from Washington. The first is the pending forced array of arbitrary spending cuts labeled “sequestration.” The other stems from concerns of an earlier-than-expected end to the Federal Reserve’s program of...

Taking Stock

Crack On More Sail Like a sound ship in moderate seas, the stock market is maintaining a steady course and speed. Sailors know that even calm waters demand vigilance even while permitting cracking on more sail. This year, the market is up more than 5%, a better performance than...

Taking Stock

Forevers Are Not Just For Valentines Moving toward the midpoint of the first quarter, stocks continue to hold their course. With more days up than down and volume increasing on the up days, the market uptrend remains intact.  Most corporate earnings reports forecast continuing...

Taking Stock

Still Optimistic Stocks began the year as if shot from a cannon with their biggest rise in six months. This was partly a rally after of relief after Congress stumbled into a last minute tax compromise bill, even if its slipshod passage cured only the most immediate uncertainties....

Taking Stock

A Good Beginning The World Bank’s new Global Economic Prospects report predicts growth picking up around the world. There are risks, particularly the slow progress in solving Europe’s debt crisis and this country’s persisting fiscal uncertainties, but the report concludes that...

Taking Stock

Another Good Year? With the New Year’s Day quarrels over the “fiscal cliff” only briefly behind us, the renewed debates on the debt ceiling lie just ahead. The ship of state dodged this iceberg in August of 2011 when partisan deadlock brought the federal government to the brink...

Taking Stock

It Could Have Been Worse Stocks began the year as if shot from a cannon with their biggest rise in six months. This was partly a rally after of relief after Congress stumbled into a last minute tax compromise bill, even if its slipshod passage cured only the most immediate...

Taking Stock

It Was a Good Year Heading toward 2013, stocks can look back to a decent performance in 2012. Despite still unresolved issues on how to rein in scheduled tax increases and spending cuts, the stock market is ahead 13% this year on the S&P 500 index. The market was flat for...

Taking Stock

An Investor’s Shopping List Stocks continue to push ahead like shoppers with buying on their minds. They market has erased its post-election fainting spell, is even for this quarter and up 15% this year. This resilience is with us despite the daily headlines of unsuccessful...

Taking Stock

Hiking On The Edge Of The Cliff The headlines are alive with the sound of media flacks warning that the “fiscal cliff” will soon plunge us into chaos. Meanwhile, the stock market, like Old Man River, must know something as it keeps on rolling along. Stocks seem to have...

Taking Stock

Increasing Income Wins Popularity Contests With three weeks to go, the stock market is up 12% for 2012. Financial media are counting down to the “fiscal crisis” as if the New Year were to be greeted with a nuclear explosion. The fiscal issues are serious but resolvable and...