The Dow snapped its eight-week winning streak…

THE MARKETS The Dow Jones Industrial Average snapped its eight-week winning streak last week as it fell for five of the last six sessions while giving up over 285 points. The decline was broad based as all of the major averages followed suit. For the week, the Dow lost 251 points and closed at 8645 [...]

By | December 9th, 2002|Market and Portfolio Commentary|Comments Off on The Dow snapped its eight-week winning streak…

Wild volatility comes back…

THE MARKETS The holiday-shortened week saw wild volatility come back to the market as the Dow Jones Industrial Average experienced triple digit moves on two of the four trading days. For the week, the Dow gained 91 points and closed at 8895, a 1.0% gain. The NASDAQ followed suit as it gained 11 points for [...]

By | December 2nd, 2002|Market and Portfolio Commentary|Comments Off on Wild volatility comes back…

Thursday’s 222 point surge…

THE MARKETS Aided by Thursday’s 222 point surge, the Dow Jones Industrial Average managed to make it seven in a row as it ended the week within 200 points of its August high. For the week, the Dow gained 225 points and closed at 8804 (+2.6%). On a percentage basis, the NASDAQ outpaced the Dow [...]

By | November 25th, 2002|Market and Portfolio Commentary|Comments Off on Thursday’s 222 point surge…

The Dow extends its win streak to six-weeks in a row…

THE MARKETS Despite a fresh round of weak economic data and analyst’s downgrades on GE and Intel the Dow Jones Industrial Average managed to extend its win streak to six-weeks in a row. Volatility was the name of the game as the Dow lost 171 points on Monday and then gained 144 points on Thursday. [...]

By | November 18th, 2002|Market and Portfolio Commentary|Comments Off on The Dow extends its win streak to six-weeks in a row…

Market higher for a fifth straight week…

THE MARKETS A wave of Republican victories and a 1/2-point interest rate cut on Wednesday drove the market higher for a fifth straight week. However, the rally ran out of steam late in the week as renewed concerns over a war with Iraq intensified. Since the October 10th lows the Dow Jones Industrial Average, S&P [...]

By | November 11th, 2002|Market and Portfolio Commentary|Comments Off on Market higher for a fifth straight week…

The market extended its winning streak…

THE MARKETS The market extended its winning streak to four weeks in a row as it closed the month of October with the largest one-month percentage gain (10.6%) since January 1987. After consolidating for most of the week, both the Dow Jones Industrial Average and the NASDAQ put in a strong performance on Friday, resulting [...]

By | November 4th, 2002|Market and Portfolio Commentary|Comments Off on The market extended its winning streak…

The Dow ran out of gas…

THE MARKETS Following a 215-point gain on Monday, the Dow ran out of gas as it gave back all of the gains by the close on Thursday. But the party wasn’t over as a late 100 plus point spurt on Friday extended the rally to its third straight week. For the week, the Dow Jones [...]

By | October 28th, 2002|Market and Portfolio Commentary|Comments Off on The Dow ran out of gas…

Favorable earnings reports…

THE MARKETS Favorable earnings reports from several Dow components sent the averages higher for the second week in a row. The action was fast and furious as the Dow Jones Industrial Average gained over 1000 points (+14.2%) over a seven trading-day stretch. For the week the Dow gained 472 points (+6.0%) and ended another volatile [...]

By | October 21st, 2002|Market and Portfolio Commentary|Comments Off on Favorable earnings reports…

Dow gains 564 points in two days…

THE MARKETS A late week rally which saw the Dow Jones Industrial Average gain 564 points in two days snapped a six-week losing streak. After setting five-year lows on Wednesday, the Dow and NASDAQ surged on Thursday and Friday wiping out all of the losses recorded during the previous two weeks. For the week the [...]

By | October 14th, 2002|Market and Portfolio Commentary|Comments Off on Dow gains 564 points in two days…

The market extended its losing streak…

THE MARKETS The market extended its losing streak to six weeks in a row as both the DJIA and NASDAQ recorded four-year lows during a volatile week of trading. Increasing concerns over the effects of war coupled with a steady stream of earnings warnings kept buyers on the sidelines. The Dow Jones Industrial Average, which [...]

By | October 7th, 2002|Market and Portfolio Commentary|Comments Off on The market extended its losing streak…