Higher Altitudes The stock market is flirting with new highs on the S&P 500-stock index. As I wrote two weeks, ago momentum seemed destined to take the market to new highs. The Dow Jones Industrials need about a 300-point rise. That might seem like a lot but it is really less than two percent. What […]
Tag: "Investment Counsel"
Seeking Stability After making new highs in mid-January, the stock market lost momentum and dipped six percent. Trading volume increased only moderately, a sign that institutions were not dumping stock. Stocks stumbled for three weeks, and then regained their mojo on increased volume boosting the S&P average to one percent below its year-end close. In […]
Watching for Market Indicators One “indicator” of future stock market performance is the “Super Bowl Indicator.” A New York Times sportswriter created this “indicator” in 1978. It holds that an up market lies ahead for 2014 if the NFC team wins the Super Bowl. There is no correlation between football and the stock market so […]
The Santa Claus Rally Santa Claus brought early gifts to stock investors when Chairman Bernanke’s farewell report on Federal Reserve policy announced a very gentle program of reducing its program of buying bonds. The Fed even added a sweetener by extending the period before it will begin to act to tighten short-term interest rates. Stocks […]