Weekly Commentary March 29, 2010

The Markets The stock market seems to be climbing the proverbial “wall of worry.” Despite potential road hazards such as sovereign debt issues, rising interest rates, a weak job market, and a stalled housing recovery, investors bid up stock prices last...

Weekly Commentary March 22, 2010

The Markets Earnings drive stock prices, right? It’s easy to say that the stock market is nothing more than a “casino” that is driven by “speculators,” but over the long term, earnings do drive stock prices. So, how do corporate earnings...

Weekly Commentary March 15, 2010

The Markets The American consumer is not dead. Last week, a report from the Commerce Department showed a surprising increase of 0.3% in February U.S. retail sales compared to the month before. That may not seem like much of an increase, but it was much better than the...

Weekly Commentary March 8, 2010

The Markets It was one year ago this week that the Standard & Poor’s 500 closed at its bear market nadir of 676 on March 9, 2009. Last week, it closed at 1138, which represents a gain of 68% from the year ago low. What insights can we learn from the painful...

Weekly Commentary March 1, 2010

The Markets Three months ago, on December 1, 2009, the S&P 500 closed at 1,108. Last week it closed at 1,104. After three months, the net movement in the stock market was just 4 points. Hmm. What does that tell us about investing? Here are a few thoughts that come...