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Tag: "DJIA"

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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

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

Double, Double, Toil and Bubble In October of 1987, I was happily enjoying changing from a law career to the stimulations of being a stockbroker with the market having gained 250% since 1982. Then came the ides of October with stocks continuing to slip until “Black Tuesday,” October 19, when the Dow lost almost 23% […]