Have You Taken My Advice?
This year I’ve written blogs entitled “Don’t Panic”, “I Hope You Didn’t Sell”, “It’s Still Not Time To Panic”, “Tech Stocks On Sale” and “The Market Continues To Climb A Wall Of Worry”, to name a few. Do you see the trend? Throughout the year I’ve urged my newsletter and blog readers, as well as my clients,...
Read MoreThe Market Continues To Climb A Wall Of Worry
As I write this 10 minutes before the market opens after the Memorial Day weekend, the Dow Jones Industrial Average stands at 16,606, down a mere 110 points from the record high established on May 13. On the other hand, the Dow Jones Transportation Average registered a new high of 7,986 on Friday, the same day the S&P 500 closed over 1,900 for the first time. So as you can see, things are...
Read MoreI Hope You Didn’t Sell Last Month
Last month I wrote a blog entitled “Don’t Panic” on February 5 in which I stated that “I believe that this is simply a long overdue correction in a bull market that began in March 2009 and remains in place today.” As it turns out I was fortunate enough to have written this the day that the correction ended. Since that time, the Dow Jones Industrial Average has risen...
Read MoreThe Bull Is Running: So Says Dow Theory
Three and a half weeks into 2013 the Bull is solidly in control of the market. The Dow Jones Industrial Average and S&P 500 are both closing in on the all time highs set back in 2007. The Nasdaq has surpassed the 2007 levels but remains well below the all time high from 2000. Interestingly, the Dow Jones Transportation Average has just blown past its previous record to achieve a new all time...
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