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Taking Stock

Tune In May And Stay To Play In recent months, it has not been easy to make money in stocks. Actually, it never is although strong market surges can create that impression for a while. Such bouts of optimism often pull in the unwary just in time for the next downward dip. In...

Taking Stock

Gaining Altitude  Stocks continue their slow climb to altitude. They are fighting persisting headwinds from worries about China, tighter Federal Reserve policies, weak economic growth and collapsing prices of oil and other commodities. The sluggish growth stems back to the...

Taking Stock

Earnings Coming Through  The stock market seems to be accepting that spring is really here. Improving earnings reports are boosting the upbeat tempo. Last quarter, companies many squeezed out a small beat on earnings while missing on revenues. Accompanying comments used words...

Taking Stock

Change For A Quarter  Stocks wrung in the New Year with the worst 10-day start in market history. Those gloomy days followed a disappointing year that ended with the Dow Jones Industrial Average down two percent. Many investors are overly influenced by the most recent market...

Taking Stock

Don’t Short America After an improving but still bumpy run, stocks are pausing for a three-day weekend. They are nearing the end of a March quarter that began with a continuing dive before reversing and resuming its current uptrend. All this has left the Dow Jones Industrial...

Taking Stock

March Came In Like A Bull March came in like a lion or, more accurately, like a bull. After a discouraging start to the year, stocks are behaving as if “seldom is heard a discouraging word.” Last week, the European Central Bank announced an interest rate cut and other aggressive...

Taking Stock

The Seven-Year Itch Seven years ago on March 6, 2009, the Dow Jones Industrial Average hit a low of 6,443. Three weeks later, it was up 1,500 points. The bull market continued, clearing 18,000 in 2015, before sagging as it stumbled into 2016, closing at 15,660 on February 11. A...

Taking Stock

Floodtide Finally, the stock market showed some sustained momentum for the first time this year. “The winter of our discontent” is over; whether the newly reestablished uptrend will lead to the “glorious summer” foretold in those opening lines from Richard III is uncertain. The...

Taking Stock

A Turning Of The Tide Recent stock market action is raising hopes that the severe stock correction this year may be coming to an end. It takes time to rebuild a base for a renewed uptrend but I am reminded of Mr. Churchill saying after the battle of El Alamein. “Now this is not...

Taking Stock

Flying Around Clouds The overcast is lifting over the markets. It’s hardly ceiling and visibility unlimited but stocks are beginning to shed their negative bias toward news of earnings reports and other developments. Investors still need patience, bearing in mind the advice of...

Taking Stock

Sailing Choppy Seas The stock market’s frustrating search for a bottom seems inconsistent with economic realities. The market is a leading indicator, which might raise concerns that it is predicting a forthcoming recession were not actual economic indicators forecasting the...

Taking Stock

Bottoms And Tops Is the stock slump over? Maybe. The market made a remarkable upward reversal on Wednesday after disorganized selling took the Dow Jones Industrial Average down more than 500 points before buyers finally rushed in, sending the Dow up over 400 points. The next day,...

Taking Stock

How To Handle A Correction Stocks continue to stumble further into a “correction,” defined as a decline of more than 10%. These unnerving events occur about 20 months and take an average of 3 months to work themselves out. A “bear market” is a decline of more than 20%. There was...

Taking Stock

Keep Your Head When All About Are Losing Theirs Stocks tumbled into January with their weakest performance to begin a New Year in 15 years. The Dow Jones Industrial Average was below 3,000. It was on its way to over 13,000 in 2007 before the financial crisis, which took it below...

Taking Stock

Good Bye, 2015; You’re Flat Time is running out for the stock market to put any exciting numbers on the scoreboard. With only one trading day left, both the S&P 500 and the Dow Jones Industrial averages are at the same levels at which they began the year. This flat...