Does the old stock market cliché have any credibility in 2012? An old stock market dictum says that spring is for profit-taking, or at least a time to reduce your exposure to equities. In the classic market psychology, you “sell in May and go away” with the belief that stock prices will plateau or retreat [...]
Archive for July, 2009
Weekly Market News for the Week of July 27, 2009
Presented by Mark Lund Quote of the week. “The softest things in the world overcome the hardest things in the world.” – Lao-Tzu Is real estate recovering? Existing home sales are up for the third straight month. The National Association of Realtors had residential resales up by 3.6% in June – 0.2% under last year’s [...]
Weekly Market News for the Week of July 20, 2009
Presented by Mark Lund Quote of the week. “Life is like a ten-speed bicycle. Most of us have gears we never use.” – Charles Schulz Stocks come roaring back. The story of the week was the rally on the Street. The Dow, NASDAQ and S&P 500 regained momentum and performed spectacularly in response to encouraging [...]
Weekly Market News for the Week of July 13, 2009
Presented by Mark Lund Quote of the week. “You can never plan the future by the past.” – Edmund Burke GM leaves bankruptcy. That was fast. (Six weeks, to be precise.) Friday, General Motors CEO Fritz Henderson announced the birth of the “new” GM, but made no promise that it would repay the $50 billion [...]
Protected: Portfolio Update Wednesday, April 13, 2009
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Weekly Market News for the Week of July 6, 2009
Presented by Mark Lund. Quote of the week. “Employ thy time well, if thou meanest to get leisure.” – Ben Franklin Jobless numbers rein in bulls. June’s jobless figures gave Wall Street pause last week. The U.S. economy lost 467,000 non-farm jobs last month, 136,000 in manufacturing. (The health care sector added 21,000 jobs.) Job [...]