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…

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 | 2002-10-21T10:57:18+00:00 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 | 2002-10-14T10:59:41+00:00 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 | 2002-10-07T11:01:46+00:00 October 7th, 2002|Market and Portfolio Commentary|Comments Off on The market extended its losing streak…

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 | 2002-09-30T11:08:56+00:00 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 | 2002-09-23T11:11:10+00:00 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 | 2002-09-16T11:13:14+00:00 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 | 2002-09-09T11:15:36+00:00 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 | 2002-09-03T11:18:30+00:00 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 | 2002-08-26T11:19:24+00:00 August 26th, 2002|Market and Portfolio Commentary|Comments Off on The Dow ended in the plus column for the fifth week in a row…