The market continued on its roller coaster ride…

THE MARKETS The market continued on its roller coaster ride as investors again sold the good news and concentrated on the threat of higher interest rates. Friday saw the Dow Jones Industrial Average fall to levels not seen since the end of March as a solid jobs report pointed to higher rates sooner than later. [...]

By | May 10th, 2004|Market and Portfolio Commentary|Comments Off on The market continued on its roller coaster ride…

Rising inflation fears sent stocks lower…

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 [...]

By | May 3rd, 2004|Market and Portfolio Commentary|Comments Off on Rising inflation fears sent stocks lower…

Better than expected earnings reports…

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 [...]

By | April 26th, 2004|Market and Portfolio Commentary|Comments Off on Better than expected earnings reports…

The market started the week with a bang…

THE MARKETS The market started the week with a bang as the Dow Jones Industrial Average jumped 73 points on Monday only to lose 134 points on Tuesday as concerns over interest rates overcame stronger than expected earnings reports. The remainder of the week saw the averages in a tug of war as traders assessed [...]

By | April 19th, 2004|Market and Portfolio Commentary|Comments Off on The market started the week with a bang…

The market took off on Friday…

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 [...]

By | April 5th, 2004|Market and Portfolio Commentary|Comments Off on The market took off on Friday…

Investors turned their focus to upcoming earnings…

THE MARKETS After the Dow Jones Industrial Average briefly touched the 10,000 line on Wednesday, investors turned their focus to upcoming earnings and put together a rally to close out the week. Thursday’s 170 point gain for the Dow was the largest point gain since October 2003. Friday’s choppy action ended with little conviction as [...]

By | March 29th, 2004|Market and Portfolio Commentary|Comments Off on Investors turned their focus to upcoming earnings…

Volatility returned to the markets…

THE MARKETS Volatility returned to the markets as triple-digit point swings on all five trading days led up to “quadruple witching”, the quarterly expiration of options. The market digested mixed economic reports during the week and even failed to muster a rally despite reports of troops surrounding a “high level” al Qaeda leader. Friday’s late [...]

By | March 22nd, 2004|Market and Portfolio Commentary|Comments Off on Volatility returned to the markets…

Back-to-back triple digit losses…

THE MARKETS Back-to-back triple digit losses sent the Dow Jones Industrial Average down to levels not seen since mid-December 2003 as the majority of the major averages saw their yearly gains all but wiped out. The first round of carnage occurred on Wednesday as the Dow lost 160.07 points (-1.53%). Thursday was more of the [...]

By | March 15th, 2004|Market and Portfolio Commentary|Comments Off on Back-to-back triple digit losses…

The Dow and the NASDAQ managed to record modest gains…

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 [...]

By | March 8th, 2004|Market and Portfolio Commentary|Comments Off on The Dow and the NASDAQ managed to record modest gains…

Tech stocks reeling…

THE MARKETS A cautious outlook by Cisco Systems on Wednesday sent tech stocks reeling and pushed the NASDAQ to its lowest level since January 2, 2004 and its largest one-day percentage drop in two months. However, the NASDAQ’s decline held at its 50-day SMA, 2014. Both the Dow Jones Industrial Average and the NASDAQ managed [...]

By | February 9th, 2004|Market and Portfolio Commentary|Comments Off on Tech stocks reeling…