Another roller coaster week…

THE MARKETS Another roller coaster week saw stocks finish in negative ground for the fifth week in a row. The Dow Jones Industrial Average fell below its July low on Wednesday as it closed at 7683.13. This marked the lowest level for the Dow since October 1st, 1998. The NASDAQ, which closed below its July [...]

By | September 30th, 2002|Market and Portfolio Commentary|Comments Off on Another roller coaster week…

Stocks sent reeling…

THE MARKETS A deluge of bad corporate and economic news sent stocks reeling as both the Dow Jones Industrial Average and the NASDAQ ended the week in negative territory. The Dow (which was down on four of the five trading days) closed below 8000 on both Thursday and Friday. This marked the first time that [...]

By | September 23rd, 2002|Market and Portfolio Commentary|Comments Off on Stocks sent reeling…

The possibility of a war with Iraq…

THE MARKETS With the memory of 9/11 in the background, traders shifted their attention last week to the possibility of a war with Iraq. On Wednesday the Dow Jones Industrial Average soared above its 50-day moving average, 8613, as the high for the day touched 8726. Closing above this average would have been a positive [...]

By | September 16th, 2002|Market and Portfolio Commentary|Comments Off on The possibility of a war with Iraq…

The markets entered the month of September with a bang…

THE MARKETS The markets entered the month of September with a bang as both the Dow Jones Industrial Average and the NASDAQ took it on the chin. Tuesday’s sell off left the Dow down 355.45 points (-4.1%) while the NASDAQ dropped 51.01 points (-3.8%). Tuesday’s drubbing set the stage for a seesaw week. On Wednesday [...]

By | September 9th, 2002|Market and Portfolio Commentary|Comments Off on The markets entered the month of September with a bang…

Recent market statistics…

THE MARKETS I find some recent market statistics to be encouraging. Corporate executives appear to be more optimistic on their own companies as the insider trading data for the week ended August 16 showed a parity of sales to purchases. In addition, margin debt fell 6.9% in July, a significant drop, to the lowest level [...]

By | September 3rd, 2002|Market and Portfolio Commentary|Comments Off on Recent market statistics…

The Dow ended in the plus column for the fifth week in a row…

THE MARKETS Despite Fridays 181 point sell off the market put in another productive week as the Dow ended in the plus column for the fifth week in a row. Of note was that on Thursday the Dow closed over the 9000 mark for the first time in six weeks. As of Thursday’s close, the [...]

By | August 26th, 2002|Market and Portfolio Commentary|Comments Off on The Dow ended in the plus column for the fifth week in a row…

The Dow gained over 260 points…

THE MARKETS Worries over Wednesday’s corporate sign off day proved to be a non-event as the Dow Jones Industrial Average gained over 260 points and set the stage for its fourth straight winning week. Of note was that the major averages were able to hold Wednesday’s gains and stayed above their support levels for the [...]

By | August 19th, 2002|Market and Portfolio Commentary|Comments Off on The Dow gained over 260 points…

The Dow managed to put together four straight up days…

THE MARKETS The Dow managed to put together four straight up days for the first time since late January 2002 as the bulls made headway for the third week in a row. For the period the Dow Jones Industrial Average gained 432 points (+5.2%) and closed at 8745. The NASDAQ also settled on the plus [...]

By | August 12th, 2002|Market and Portfolio Commentary|Comments Off on The Dow managed to put together four straight up days…

The Dow ran into a brick wall late last week…

THE MARKETS The DJIA ran into a brick wall late last week following a 447-point rally on Monday as a series of bad economic surprises hit the market hard. Despite the selloff, the Dow Jones Industrial Average managed to end the period in the plus column for the second week in a row. For the [...]

By | August 5th, 2002|Market and Portfolio Commentary|Comments Off on The Dow ran into a brick wall late last week…

The market continued to get slammed last week…

THE MARKETS The market continued to get slammed last week as the majority of the major averages dropped below their September lows. During the week the S&P 500 fell to its lowest finish since October 1997. The Dow Jones Industrial Average, which was down on four of the five trading days, lost 665 points (-7.66%) [...]

By | July 22nd, 2002|Market and Portfolio Commentary|Comments Off on The market continued to get slammed last week…