Tag Archives: DOW
The Stock Market, Explained
Despite an abundance of risk, the stock market continues to climb a wall of worry. Obviously, with the European debt crisis, China’s economic slowdown, and posturing from Iran, the stock market’s rise defies all logic. With all the known hazards … Continue reading
Seeing the First Glimpse of Dawn
Here we are, just two weeks into the New Year, and things are looking up. So far on the year, the S&P 500’s up 2.9 percent, the Nasdaq’s up 2.5 percent, and gold’s up 3.1 percent. Even silver, if you … Continue reading
There’s No Such Thing as a Free Lunch
By all accounts the sky was falling on December 5, 2008. Several months before, credit market liquidity had glazed over like cold winter molasses and, after over 150-years of business, Lehman Brothers had ignominiously vanished from the face of the … Continue reading
In Praise of Scrooge
Federal Reserve Chairman Ben Bernanke did something extraordinarily remarkable on Tuesday…he did nothing. Following the Federal Open Market Committee meeting, if you can believe it, Bernanke’s Fed statement made no monetary policy changes. Certainly, this is an exceptional feat. Remember, … Continue reading
