During this edition of our Weekly Market Comment, we would like to take this opportunity to preview our market outlook for 2006. We believe that many of the significant issues that affected the markets this year will bleed over into 2006. On the positive side, we are optimistic that U.S. corporations will continue to post [...]

THE MARKETS After reaching its highest level since March 5th of this year (on Thursday), the Dow Jones Industrial Average retreated on Friday losing 83 points and snapping a three-week winning streak. Stocks were jolted early in week on the heels of the largest monthly Producer Price Index (PPI) gain (+1.9%) in fourteen years. But [...]

THE MARKETS After finishing in the red for the last five weeks, the Dow Jones Industrial Average put together a decent rally and ended the week in the plus column for the first time since the week ending June 18th. Volume continued at a robust pace averaging 1.5 billion shares per day which is the [...]

THE MARKETS Despite upbeat earnings reports from IBM and DELL, the market couldn’t shake off its negative bias last week as the Dow Jones Industrial Average finished in the red for the fourth straight week. For the period, the Dow lost 74 points (-0.72%) and closed at 10139. The NASDAQ, which broke below 1900 for [...]

THE MARKETS A bullish job report on Friday sent stocks higher in what had been a see-saw week with the major indexes remaining flat. The market continues to be fixated on sky high oil prices, Iraq and interest rate fears resulting in a lack of conviction from investors. For the week the Dow Jones Industrial [...]

THE MARKETS The summer doldrums seemed to arrive a few weeks early as rising oil prices and interest rates once again curbed the enthusiasm of market participants. Even though the majority of the major averages posted minor gains for the week, the reality was that the market as a whole went nowhere. For the fourth [...]

THE MARKETS Despite a slew of spectacular earnings reports, rising inflation fears sent stocks lower as both the Dow Jones Industrial Average and the NASDAQ ended the week in the red. On Tuesday, the Dow appeared to be on the verge of topping its recent highs recorded earlier in the month, as it pushed through [...]

THE MARKETS The ongoing tug-of-war we’ve recently written about continued last week as the market weighed the benefits of better than expected earnings reports against the potential of higher interest rates. Traders sold following Alan Greenspan’s congressional testimony on Tuesday sending the Dow Jones Industrial Average down 133.35 points to its lowest close since late [...]

THE MARKETS The market took off on Friday following a cautious week of trading as the March employment report posted the strongest growth rate in four years. All of the major indexes posted significant gains for the period as Friday’s rally pushed the Dow Jones Industrial Average over 10400 for the first time since March [...]

THE MARKETS Fed Chairman Alan Greenspan’s congressional testimony on the state of Social Security, coupled with a lousy job report left stocks mixed last week as both the Dow Jones Industrial Average and the NASDAQ managed to record modest gains for the week. The Dow’s 94-point advance on Monday was all but wiped out the [...]