Surging energy prices…

The Markets Surging energy prices and a new round of credit related issues prompted most of the major averages to sell off last week. After solid advances on Monday and Tuesday, the Dow Jones Industrial Average lost 205.99 points (-1.68%) on Wednesday as part of an across the board sell off following new write-offs from [...]

By | June 16th, 2008|Market and Portfolio Commentary|Comments Off on Surging energy prices…

Stock market's recent advance slowed…

The Markets The stock market’s recent advance slowed a bit last week following the previous week’s surge as mixed earnings and economic reports kept the recent rally in-check. Blue chip stocks added +1.0% over the course of Wednesday and Thursday, fueled by gains in the financials and technology shares. Despite another big jump in oil [...]

By | April 28th, 2008|Market and Portfolio Commentary|Comments Off on Stock market's recent advance slowed…

2nd quarter off to a great start…

Markets A broad-based rally on Tuesday got the 2nd quarter off to a great start. The Dow Jones Industrial Average started the month with a 391 point gain (+3.2%) on a day when the news was anything but good. Swiss bank UBS announced a record write-off of some $14 billion at the same time that [...]

By | April 7th, 2008|Market and Portfolio Commentary|Comments Off on 2nd quarter off to a great start…

What a week!

The Markets What a week, one that will go into the record books as one of the wildest this year! Last Monday morning, stocks looked ready to crumble under the weight of a slew of grim headlines. After announcing a severe liquidity problem the previous Friday, Bear Stearns (at the time the nation’s fifth largest [...]

By | March 24th, 2008|Market and Portfolio Commentary|Comments Off on What a week!

Both Dow and NASDAQ ran into significant roadblocks…

The Markets Both the Dow and the NASDAQ ran into significant roadblocks on Friday putting an end to four days of gains. With oil, gold and wheat all trading at record highs, a re-emergence of inflation concerns is not what the markets need right now. A report Monday that S&P had reaffirmed its AAA rating [...]

By | March 3rd, 2008|Market and Portfolio Commentary|Comments Off on Both Dow and NASDAQ ran into significant roadblocks…

Another volatile week on Wall Street…

The Markets Another volatile week on Wall Street began as stocks sold off hard on both Tuesday and Wednesday only to rebound sharply by mid-week. The Dow Jones Industrial Average at one time was down by over 460 points on Tuesday but following another emergency rate cut by the Fed reversed course to end the [...]

By | January 28th, 2008|Market and Portfolio Commentary|Comments Off on Another volatile week on Wall Street…

Last week got off to a good start…

The Markets Last week got off to a good start as the Dow Jones Industrial Average jumped 1.4% on Monday propelled by IBM’s strong outlook and renewed hopes for additional interest rate cuts by the Fed. However, the boost didn’t last as stocks headed south for the remainder of the week. Recession fears continued to [...]

By | January 22nd, 2008|Market and Portfolio Commentary|Comments Off on Last week got off to a good start…

The New Year got off to a shaky start…

The Markets The New Year got off to a shaky start last week as all of the major stock market averages saw significant declines. The Dow Jones Industrial Average fell sharply on Wednesday with a -1.7% decline followed by Friday’s -1.9% drubbing as a result of a surprisingly weak jobs report. The sell off on [...]

By | January 8th, 2008|Market and Portfolio Commentary|Comments Off on The New Year got off to a shaky start…

Recent rally in equities continues to stall…

The Markets The recent rally in equities continues to stall amid year-end complacency, indications of a less active Federal Reserve in 2006, and a housing market that continues to add new units. The Dow Jones Industrial Average, which has run into strong resistance at it has approached the 11,000 mark at the end of November, [...]

By | December 20th, 2005|Market and Portfolio Commentary|Comments Off on Recent rally in equities continues to stall…

A surge in oil and natural gas prices…

The Markets The recent rally in equities stalled for the second consecutive week as a surge in oil and natural gas prices along with evidence of a cooling housing market kept the year-end advance in check. The Dow Jones Industrial Average, which has run into strong resistance at it has approached the 11,000 mark at [...]

By | December 12th, 2005|Market and Portfolio Commentary|Comments Off on A surge in oil and natural gas prices…