There was a divergence in movement of the individual indices this past week. The Dow Jones Industrials were up small with the S&P 100 and S&P 500 showing small losses. The small cap dominated Russell 2000 and tech laden NASDAQ 100 showed losses of 2% and 3% respectively. This level…
One of my kids loves limes. I am not sure where he got this taste but whenever he can he will slice the thing up and eat it. We hold him back a bit as we were told the acid is not good for the teeth. Well, the lime market…
The markets reversed the previous week’s five consecutive down days. The back and forth in week-to week price movement brings to mind this week’s market word – “whipsaw.” A whipsaw is when a market or security heads in one direction and is followed quickly by movement in the opposite direction. …
Our regularly scheduled blog will be interrupted today due to massive amounts of NCAA Tournament Basketball. Due to the extreme nature of this once a year event, all unessential services and programming will be halted until further notice including chores around the house, shuttling kids to activities and anything requiring…
What a difference one week can make. Seven days ago the markets were wrapped in in a near all-encompassing blanket of euphoria. The entire focus of the financial media was on new highs. Last weekend’s business articles focused on the when and where of forthcoming new highs for indexes. Articles…
This week marks the 5th anniversary of the March 9, 2009 closing low for the S&P 500. The recovery from the nadir closing of the financial crisis has been stunning. I am repeating the numbers in the following chart for emphasis. The 5 year growth in the indexes has ranged…
Last week it seem 49ers coach Jim Harbaugh was almost traded to the Cleveland Browns. Rumor has it he wanted more money and more power (what else in new). I am not a student of the game in the same way our fearless leader Steve Lentz is, but I have…
Color me confused. Fourth quarter economic growth was revised from 2.4% from 3.2% and mystery troops (supposedly Russian) have entered Crimea yet the S&P 500 hit a new intraday high on Friday and anew new closing high at 1,859.45. The SPX was up 4.3% in February – the best February…
My favorite show on TV is “Gold Rush”. If you haven’t seen it, it follows 3 gold mining crews as they mine for gold, mostly in Alaska. I really like this 18 year old kid named Parker, who loves his grandfather and is determined to do whatever it takes to…
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