Market

I Got You a Frying Pan

March 11th, 2019|

By Pete Biebel, Senior Vice President

The Hallmark website lists tin and aluminum as the traditional categories for tenth anniversary gifts.  What would you give?  A whistle?  A hubcap?  A martini shaker?  A canoe??  You probably saw a few articles over the weekend proclaiming the tenth anniversary of the bull market.  March 9th, 2009 was the […]

Where’s the Fire?

March 4th, 2019|

By Pete Biebel, Senior Vice President

So much fuel and so little flame.  So much news and so little volatility.  Through the fourth quarter of last year the market averages snapped back and forth like a flag in a thunderstorm.  Now that storm has passed, and the markets seem as limp and unmoving as a flag […]

The Full Monty

February 19th, 2019|

By Pete Biebel, Senior Vice President

Back in the olden days, Monty Hall was the long-time host of a TV game show called “Let’s Make a Deal.”  The show was famous for having contestants select one of three doors for their prize.  Hidden behind one of the doors would be a great prize, like a boat […]

Freight Not

February 11th, 2019|

By Pete Biebel, Senior Vice President

For the previous six straight weeks, the market averages ended the week near or above the 90th percentile of their range for the week.  In other words, for the past six weeks in a row, the averages ended the week very near their highs of the week.  It has been […]

The More, The Murkier

February 4th, 2019|

By Pete Biebel, Senior Vice President

The market’s post-Christmas rebound continued last week.  The major averages all tacked on about 1 ½% give or take; they all made new rebound highs.  The Dow Jones Industrial Average (DJIA) even managed to end the week back above its 200-day moving average for the first time in two months.  […]

Didn’t Trumps Did

January 28th, 2019|

By Pete Biebel, Senior Vice President

That was different!  Following months of heightened market volatility with unusually wide daily and weekly ranges, last week had the narrowest weekly range in more than three months.  True, it was just a four-session week, but the range between the high and low of the week on the S&P 500 […]

We Don’t Need No Stinking Adages

January 22nd, 2019|

By Pete Biebel, Senior Vice President

One old adage of market behavior is that many of the steepest rallies are rebounds in continuing downtrends.  Picture Paul Bunyan bungee jumping.  The market’s plunge in December stretched it to near the breaking point.  The snap back rebound since Christmas has been the steepest rally in a long time, […]

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 […]