Investors had something to be thankful for this week as the spirit of the holiday added 4% (400 points) to the Average. Stock market strength gained 8% and even gold bounced 2%. There is an old metaphor in investment called the “dead cat bounce” that refers to moves like this. See below. The “dead cat”...Read More
“The market” continued its steady decline this week amid more nasty news dispersed throughout the global Market. Several major issues are poised to continue pressuring stocks and causing volatility in the commodity and bond markets. Investors must take note of these specific concerns: The Absurd Debate Surrounding the “Fiscal Cliff” Continued Government Failures & Housing...Read More
Americans disregarded a track record of failure and voted Barak Obama in for another four years. After pulling-back several hundred points just before the election, stocks continued their slide with another 400+ point DJIA decline after the votes were cast. Gold, as one would expect, turned-around and reclaimed its superiority over broad market equities, rising 3% in the week. Stock...Read More
This is not a political blog – never has been, never will be. Issues like abortion and gay marriage are of no consequence here. Politicians use these topics to distract Americans from the most important Market related concerns. Like many savvy investors, I fully acknowledge the importance of elections and their according influence over money,...Read More