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Taking Stock

The Anxieties Of August The stock drop on the last day of July was the type of abrupt decline that we have not experienced for quite some time. April had brought an earlier big dip but that was concentrated in higher risk, headline-hunting stocks. Large-cap stocks have been...

Taking Stock

The Fed Keeps The Course The Federal Reserve continues to keep a gentle but steady grip on the tiller. It lowered its growth forecast for the rest of 2014 although it noted that recovery was continuing, allowing it to take another step backwards from its stimulus strategy. As...

Taking Stock

Finally, The Uptrend Is Back At last, the market averages pushed through their recent ceilings on increased volume, confirming a resumed uptrend. For several weeks, stocks have advanced on lower volume without conviction, in the manner of someone trying to pad quietly up a flight...