Friends Well, Santa delivered us quite a nice Holiday rally in December (unless we give it all back today) didn’t he? As of the opening this morning, the Dow Jones Industrial Average is up more than 5% for the month and the S&P 500 is up more than 6% for the month....
Friends The Santa Claus rally has been in full force thus far in December, but it looks like Santa may be running out of presents. In a word, the market looks a little tired. Overbought? Definitely. Extended? For sure. But stocks seem to be the recipient of money...
Friends Stocks continued their deliberate climb for the sixth day in a row today. The Dow Jones Industrial Average closed at 11,476 which is its highest level since September of 2008. The S&P 500 lost most of its gains by the close, but still managed to eke out a...
Friends The big news this week is the potential extension of the Bush tax cuts, which President Obama and some members of Congress seem to have agreed on. This gave the Santa Claus rally a little extra juice early in the week, but as House Democrats made their opinion...
Friends How about that! Stocks ended the day on a positive note with the Dow Jones Industrial Average ending the day at 11,381 up 19 points. The S&P 500 was up 3 points to end the day at 1224. On a day when stocks could have fallen quite a bit, the market showed...
