Market

A Swing and a Myth

January 14th, 2019|

By Pete Biebel, Senior Vice President

The first full trading week of 2019 enjoyed a hearty and healthy continuation of the post-Christmas rally.  The major averages rang up gains of about 2 ½% to about 3 ½%.  The steep December skid left the market extremely over-sold with extremely negative sentiment as of the end of trading […]

Chitty-Chitty Bang! Bang!

January 7th, 2019|

By Pete Biebel, Senior Vice President

As 2018 ended, last week began with the narrowest range day since late-November.  Perhaps the New Year would bring some relief to the wild, wide-ranging markets that characterized the fourth quarter of last year.  On Wednesday, the first trading session of the year began with a gap-down opening, which quickly […]

Take the Long Way Home

December 28th, 2018|

By Pete Biebel, Senior Vice President

The road to wealth, for most of us, is not a quick blast down the freeway of high finance, but a bumpy, winding path that yields steady long-term progress sprinkled with occasional inconvenient detours.  We know that with discipline and planning, we have a better chance of reaching the destination […]

Nice and Naughty

December 17th, 2018|

By Pete Biebel, Senior Vice President

When the S&P 500 Index (SPX) survived a test of its 2600 level last Monday, it was looking like it would be a nice week for the market.  Coming out of an oversold condition with the big reversal that Monday, the Santa rally was cleared for takeoff.  The averages all […]

The Dog Ate My Homework

December 10th, 2018|

By Pete Biebel, Senior Vice President

Excuses, excuses.  Some are believable, some are laughable.  The past several weeks of unusual market volatility have inspired a need for excuses.  For the cable business shows, it seems that making excuses has become a full-time endeavor.  Perhaps the most incredulous of the popular excuses is, “Stocks are down because […]

That You Santa??

December 3rd, 2018|

By Pete Biebel, Senior Vice President

Following a thankless drubbing during the Thanksgiving Day holiday week, stocks ripped higher last week.  The NASDAQ Composite (COMP) led the major indices with a gain of over 5 ½%.  The Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) each had gains of 5% give or take.  […]

A Thankless Week

November 26th, 2018|

By Pete Biebel, Senior Vice President

Thankfully, last week only had 3 ½ trading sessions.  The Dow Jones Industrial Average (DJIA) lost ground on all four days and was off 4.44% for the week.  Both the NASDAQ Composite Index (COMP) and the S&P 500 Index (SPX) were down on three of the four days; their losses […]

‘Tis But a Scratch

November 19th, 2018|

By Pete Biebel, Senior Vice President

That’s a line from the movie “Monty Python and the Holy Grail.”  It’s uttered by The Black Knight in the early stages of a sword fight. The irony is that he delivers the line shorty after King Arthur has lopped off the Knight’s entire left arm.  Last week’s losses, of […]

Coping With Uncertain Tease

November 12th, 2018|

By Pete Biebel, Senior Vice President

Last week’s article, “It’s Always Tease, Tease, Tease,” questioned whether the market’s recent rebound was the beginning of a new bull market rally or just a bounce in a continuing downtrend.  The first 3 ½ trading sessions last week gave the impression that the bull market was alive and well.  […]

It’s Always Tease, Tease, Tease

November 5th, 2018|

By Pete Biebel, Senior Vice President

That’s a line from the song, “Should I Stay or Should I Go?” by a band called The Clash.  That song’s title is a refrain that many investors have been repeating over the past several weeks.  Thankfully, markets managed to rebound a bit last week with the major averages all […]