Friday, January 29, 2016, was anticipated to be a big day from the very beginning. That’s the day investors would get a first look at Gross Domestic Product (GDP) figures for the 4th quarter of 2015; they were to be released at 8.30am. In anticipation of the GDP release stocks were sensing bad news. All major...Read More
Stocks continued their downward slide again last week, as all major stock market indicators ended down another 2%. This is the second time in just a few short months that stocks have made a sharp downward move into the 15,000’s – and again, the scuttlebutt is about China and the price of oil. Every time...Read More
Stock market strength was humming along when December began; the 15-51 Indicator was up 9.5% for the year and at an all-time high (113,993). But then Janet Yellen raised interest rates and Santa Claus failed to deliver a rally. Though the 15-51 Indicator posted a respectable year-end gain (+6.3%), the other major market indexes ended...Read More
The investment markets moved backwards like a rocket in the first week of 2016, prompting even the casual follower to consider: Is this a sign of things to come? All major stock market indicators lost six percent in the week, and yields lost 7%. Gold gained 4%. See below. Metaphor aside, the week’s activity sure looks...Read More