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 | 2002-08-12T11:23:24+00:00 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 | 2002-08-05T11:25:36+00:00 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 | 2002-07-22T11:27:27+00:00 July 22nd, 2002|Market and Portfolio Commentary|Comments Off on The market continued to get slammed last week…

The market went on a wild ride last week…

THE MARKETS The market went on a wild ride last week as volatility increased, volume surged and prices fell sharply. When the dust settled, all of the major averages were down sharply. During the week the NASDAQ, AMEX, S&P 500 and the DJ Utility Index fell to levels not seen since 1998. The Dow Jones [...]

By | 2002-07-15T11:30:36+00:00 July 15th, 2002|Market and Portfolio Commentary|Comments Off on The market went on a wild ride last week…

An explosive rally on Friday…

THE MARKETS An explosive rally on Friday was enough to pull the major averages out of their slump as the Dow Jones Industrial Average ended the week in positive territory for the first time in seven weeks. On the negative side three indexes, the NASDAQ, S&P 500 and the Dow Jones Utilities took out their [...]

By | 2002-07-08T11:32:51+00:00 July 8th, 2002|Market and Portfolio Commentary|Comments Off on An explosive rally on Friday…

A slew of negative news couldn’t hold down stocks last week…

THE MARKETS A slew of negative news couldn’t hold down stocks last week as the Dow Jones Industrial Average had a minor loss while the NASDAQ ended the week in positive territory. Things looked bleak on Wednesday as both indexes dropped to yearly lows on the heels of the WorldCom blowup. However, an impressive turnaround [...]

By | 2002-07-01T11:34:54+00:00 July 1st, 2002|Market and Portfolio Commentary|Comments Off on A slew of negative news couldn’t hold down stocks last week…

The Dow and the NASDAQ recorded new lows for the year…

THE MARKETS Negative corporate and international news continued to depress stocks last week as both the Dow Jones Industrial Average and the NASDAQ recorded new lows for the year. For the week the DJIA lost 220 points (-2.3%) and closed at 9254. The NASDAQ, which is closing in on the September 2001 low lost 64 [...]

By | 2002-06-24T12:03:44+00:00 June 24th, 2002|Market and Portfolio Commentary|Comments Off on The Dow and the NASDAQ recorded new lows for the year…

Stocks took it on the chin for the fourth week in a row…

THE MARKETS Amid fears that the economy could be headed for a double-dip recession, stocks took it on the chin for the fourth week in a row. All of the major averages, with the exception of the Dow Jones Transportation and Utility Indexes, finished the week in the minus column. The Dow Jones Industrial Average [...]

By | 2002-06-17T12:07:59+00:00 June 17th, 2002|Market and Portfolio Commentary|Comments Off on Stocks took it on the chin for the fourth week in a row…

All of the major averages took significant hits…

THE MARKETS Tech stocks, led by Intel, sent indices reeling last week as all of the major averages took significant hits. Volume swelled on both the NYSE and NASDAQ signaling that we may be near a bottom. For the week, the Dow Jones Industrial Average lost 336 points (3.4%) and closed at 9589. The NASDAQ [...]

By | 2002-06-10T12:09:12+00:00 June 10th, 2002|Market and Portfolio Commentary|Comments Off on All of the major averages took significant hits…

Investors see few reasons to pile into stocks at this point…

THE MARKETS Amid a backdrop of rising Indian Pakistani tensions over Kashmir, ongoing accounting concerns, and an anemic profit recovery, investors see few reasons to pile into stocks at this point. For the week, the Dow Jones Industrial Average fell below the 10,000 mark losing 181 points (-1.8%) and closed at 9,923. The NASDAQ staggered [...]

By | 2002-06-03T12:11:58+00:00 June 3rd, 2002|Market and Portfolio Commentary|Comments Off on Investors see few reasons to pile into stocks at this point…