While it certainly wasn’t as convincing as Alabama’s victory over the Duke football team this past weekend, the stock market ‘bulls’ continued to stampede ahead this past week as all the major indexes finished higher. This bullish train continues to chug down the track in a month that most pundits said would most likely be very tough for stocks to …
September Rally Continues
Who said September is the scariest month for the markets? Out of the seven trading days of the month so far, six have been positive. Stocks have moved out of their August doldrums and have moved steadily higher in September thanks to a series of encouraging signals on the strength of the U.S. economy. The latest came this past Friday …
A Labor Day Bounce Back
What a difference a month makes! Stocks snapped back from a dismal August, and over the course of the first three days of September all the major equity indexes picked up solid ground just when the markets were looking at a ‘fourth and long’ situation. (This in honor of the beginning of the collegiate football season.) First, consider the damage …
A Rotten Week Ends With A Huge Upward Reversal
The key word for this past week’s stock market action could be summed up in just one word: reversal. The whole week came down to just one 90 minute stretch this past Friday – from 7:30 a.m. to 9:00 a.m. Alabama time– during which we got better-than-expected revisions to second quarter GDP, and a much over hyped speech from Fed …
The Dog Days of Summer Cause a Volatile Week
It was another wild and volatile week in the equity markets this past week, although the turbulent activity was tempered somewhat by the lack of trading volume. Stocks started out the week on a weak note, and rebounded slightly to end mixed on Friday. What really threw cold water on the stock market this week was the ugly weekly jobs …
Friday the 13th Comes Early
Friday the 13th of 2010 actually came this past Wednesday, when the stock market began to panic over a possible double-dip recession when the Federal Reserve issued another warning about our nation’s weak economic conditions. The major stock indexes all dropped by nearly 3% on that dismal Wednesday and continued to sputter throughout the rest of the week. Talk is …
Stocks Muted By Poor Jobs Report
Stocks were sent reeling southward this past Friday as the monthly jobs report was disappointing to say the least, and raised fresh worries about economic weakness and the risk of deflation. The jobs report, which showed non-farm payrolls fell by a larger-than-expected 131,000 last month, added to a stream of economic data over recent weeks that indicate the American recovery …
Red Hot July Stocks
The temperatures in Alabama weren’t the only thing that was hot during the month of July. All of the major equity indexes were higher by around 7% for this past month, the biggest month investors have enjoyed since a year ago. Investors flip-flopped throughout July, buying stocks on strong earnings reports and then subsequently selling on weaker-than-expected economic numbers. For …
Roth Conversions – “The Gamble of a Lifetime”
This Article actually won Andy the coveted “2010 Fi360 Article Competition”. Fi360 promotes Fiduciary Excellence among financial advisors, which we at MMS Inc. take very seriously. Fi360 owns and awards the AIF and AIFA professional designations, provides analytical and reporting technology and ongoing support for all types of fiduciaries and financial service providers, including advisors, wealth managers, plan sponsors, trustees, …
