Category Archives: The Long Term

Profit taking takes NASDAQ Composite below its beginning-of-the-year level

As it has for most of this week, stocks started strong today only to give up gains in afternoon trading, except that on Friday prices firmed near the close and ended in positive territory for the day (although not for … Continue reading

Posted in Bonds, Consumer Confidence, Savings and Consumer Spending, The Long Term

Stock prices rise for a 7th straight week; Dow and S&P 500 hit all-time highs

For the superannuated among us who remember the assassination of President Kennedy, one of the more difficult things to fathom is, where did those 50 years go?

Posted in The Long Term

TINA, FOMO and FOBOR: Why Stock Prices Continue to Rise

Among the reasons that acronym-loving but reluctant bulls offer for the surprising run in stock prices over the past 19 months are the following: TINA – These Is No Alternative (to stocks); FOMO – Fear Of Missing Out (on what … Continue reading

Posted in Stocks, The Long Term

Beware the Ides of March Madness

The Dow’s winning streak came to an end on Friday after 10 straight days of gains, as the DJIA fell 25 points or 0.2% on the Ides of March.

Posted in Consumer Confidence, Stocks, The Long Term

Four years in the life of a bull market

Exactly four years ago, the worst bear market for U.S. stocks since the 1930s came to an end, and this week stocks celebrated the four-year anniversary with a new high for the Dow (+120% since March 2009), and a S&P … Continue reading

Posted in Jobs, Stocks, The Long Term

The Dow jumps to an all-time high*

With a few asterisks, Tuesday was a record day on Wall Street. 

Posted in China, Purchasing Managers' Index, Stocks, The Long Term

Stocks celebrate Mardi Gras with global gains

Stocks rallied to five-year highs ahead of tonight’s State of the Union address.

Posted in Apple Inc., Stocks, The Long Term

The Pilgrim’s Progress

Stock prices climbed in light pre-Thanksgiving trading that took the Dow Jones Industrials to a 48-point or 0.4% advance.

Posted in Leading Indicators, The Long Term

Eleven years later

Stock prices recouped most of Monday’s declines on Tuesday, ending at (in the case of the Dow Jones Industrials) or close to (in the case of the S&P 500) multiyear highs.

Posted in Europe, Federal Reserve, The Long Term

Mitt and Ben and some longer-term considerations

After days of meandering between small gains and losses, the major stock market averages retreated on the order of 1% Thursday, one day ahead of Fed Chairman Ben Bernanke’s much anticipated speech at the K.C. Fed’s Jackson Hole symposium.

Posted in Stocks, The Long Term