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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 […]

A Note from the Trenches

October 26th, 2018|

By Pete Biebel, Senior Vice President

I’ll be traveling this weekend and will not publish my usual Monday market commentary on 10/29.  Hence, I want to offer a brief market update in light of recent market action and knowing that the next regular commentary will not be published until Monday 11/5.

Some thoughts on the market’s October […]

Taxes Hold ‘Em

October 22nd, 2018|

By Pete Biebel, Senior Vice President

In the popular poker game, Texas Hold ‘Em, players are dealt two cards facedown.  Then five community cards are placed face-down in the middle of the table.  Those cards are revealed in three steps.  First, three cards are turned up simultaneously.  This is “The Flop;” players then have much more […]

The Ugly Dunkling

October 15th, 2018|

By Pete Biebel, Senior Vice President

Last Monday, in “Lifting the Veil,” I described how recent strength in the Dow Jones Industrial Average (DJIA) was masking significant deterioration in several previously leading sectors.  That week had given many clues that conditions behind the scenes were not as pretty as DJIA made them seem.  Among the evidence […]

Lifting the Veil

October 8th, 2018|

By Pete Biebel, Senior Vice President

Over the past several weeks, the Dow Jones Industrial Average (DJIA) presented an illusion of broad market strength.  Gains in several of its component stocks enabled DJIA to outperform all of the broader stock indices over the past five weeks.  The mirage continued through the first few days of trading […]