The New Year started with a “bang”…

THE MARKETS The New Year started with a “bang” as buyers put aside geopolitical worries and piled into the market. On Thursday, the Dow Jones Industrial Average gained 265.89 points (+3.2%) for one of the biggest opening days on record. Although volume was moderate, the advance was broad based as the New York Stock Exchange [...]

By | 2003-01-06T12:02:26+00:00 January 6th, 2003|Market and Portfolio Commentary|Comments Off on The New Year started with a “bang”…

Market & Portfolio Commentary

THE MARKETS Weak retail sales coupled with mounting war concerns sent stocks lower last week as both the Dow Jones Industrial Average and the NASDAQ finished in the minus column. As the year nears an end the Dow is positioned to record a loss for the third year in a row. For the week, the [...]

By | 2002-12-30T09:48:37+00:00 December 30th, 2002|Market and Portfolio Commentary|Comments Off on Market & Portfolio Commentary

The Dow traded in a narrow range around the 8500 area…

THE MARKETS Concerns about corporate profits and global tensions kept a lid on the market last week as the Dow Jones Industrial Average traded in a narrow range around the 8500 area. Markets don’t trade in a tight range for long and we’d expect to see this pattern resolve itself within the next week or [...]

By | 2002-12-16T10:02:46+00:00 December 16th, 2002|Market and Portfolio Commentary|Comments Off on The Dow traded in a narrow range around the 8500 area…

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 | 2002-12-09T10:10:21+00:00 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 | 2002-12-02T10:15:18+00:00 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 | 2002-11-25T10:34:09+00:00 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 | 2002-11-18T10:46:53+00:00 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 | 2002-11-11T10:48:25+00:00 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 | 2002-11-04T10:50:42+00:00 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 | 2002-10-28T10:54:36+00:00 October 28th, 2002|Market and Portfolio Commentary|Comments Off on The Dow ran out of gas…