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Tag: peter

344 posts tagged as "peter"

All Errors Are Not Created Equal

Apr 6, 2020

By Pete Biebel, Senior Vice President

Thank you for taking a few minutes to read this week’s article.  Amid the horrors of the Covid-19 crisis, the day-to-day swings in the stock market are a mere sideshow.  Our entire country is suffering, and things will get worse before they get better.  We still have no idea of how bad things might get, how long before the number of infected citizens declines,

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Beware of the Bull

Mar 30, 2020

By Pete Biebel, Senior Vice President

In what would have been a spectacular week under other circumstances, the Dow Jones Industrial Average (DJIA) gained nearly 13%.  The S&P 500 Index (SPX) was up more than 10% and the NASDAQ Composite Index (COMP) rose a little more than 9%.  The cable business channels gushed lovingly about the rally.  “DJIA Having Best Week Since 1930s.”  “S&P Having Best Week Since 2008.”  And,

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A New Strain on the Market

Mar 23, 2020

By Pete Biebel, Senior Vice President

The contagion news continued to worsen last week, and stocks continued to head south.  You’ve probably already heard that it was the single worst week in the market since the Lehman bankruptcy and the worst four-week stretch since November 1929.  Where it looked as though the averages might have put in good short-term lows with the reversal on the previous Friday, those hopes were dashed when the market gapped lower on Monday’s opening. 

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Great Balls of Fire

Mar 16, 2020

By Pete Biebel, Senior Vice President

Goodness gracious! Again last week, the market shook our nerves and it rattled our brains.  That market action can drive a man insane. Last week was the first since late-1929 in which all five trading sessions had a gain or loss of more than 4%. Three of those days included trading halts early in the session. Don’t let it break your will. 

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Submarine Baseball

Mar 9, 2020

By Pete Biebel, Senior Vice President

Now that our clocks have been sprung ahead, our hearts and minds can turn to baseball. With Spring Training about half completed, and, oh yeah, with markets in turmoil, a baseball analogy might be a good way to explain the market’s recent extreme back-and-forth volatility.

Imagine throwing a baseball while underwater. It probably wouldn’t go very far. If two people were playing a game of catch underwater,

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Technical Foul

Mar 2, 2020

By Pete Biebel, Senior Vice President

Last week, the market changed.  The corona virus news introduced a whole new level of uncertainty.  In such a circumstance, fundamentals go out the window and technical considerations drive market activity.  A market that had been awash in liquidity and focused on stocks with rapid revenue growth and expanding earnings multiples suddenly morphed into a market fixated on technical factors.  This same transformation occurred two years ago and again in late-2018. 

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Caution: Panic Can Be Infectious

Feb 28, 2020

By Pete Biebel, Senior Vice President

Don’t let this week’s market headlines strike panic.  If you consider percentages vs. points, the SARS virus and 9/11 triggered 12-13% corrections in the market and that is roughly the percentage pullback we’ve had to date.  We urge you to resist the urge to sell now.  We don’t know if the next news on the coronavirus will be positive i.e. things are getting under control or negative,

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You’ve Got My Attention

Feb 24, 2020

By Pete Biebel, Senior Vice President

Market activity over the past few weeks has been dominated by reactions to developments in the spread of the coronavirus.  It’s reminiscent of how the market responded late last year to the yin and yang of news on progress in the trade talks with China.  Even the flimsiest hint of good news could launch the averages higher.  When the occasional splash of bad news hit,

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All Better

Feb 10, 2020

By Pete Biebel, Senior Vice President

In last week’s article, “I’m Not as Sick as I Look,” I suggested that the damage in the market in the previous week was perhaps not quite as bad as that weekend’s headlines made it sound.  Markets in the U.S. had succumbed to a nauseating plunge on the previous Friday.  Financial markets around the world were suffering the effects of concern over the spreading coronavirus. 

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I’m Not as Sick as I Look

Feb 3, 2020

By Pete Biebel, Senior Vice President

The stock market was in the peak of health through the first three weeks of the year.  In fact, it had chalked up a 15+% gain from early-October to its high just after mid-January.  But it was beginning to look a little green in the gills the following week when news of the widening coronavirus outbreak infected the averages.  Its condition worsened considerably last week,

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