SPX – 1056.74 DJIA – 9,908 February 9, 2010 “We’re positioning ourselves extremely conservatively. Given how much stocks have rallied since March, it’s hard to imagine a big bull market continuing from these levels.” -Whitney...
Read MoreSPX – 1089.18 DJIA – 10,189 February 2, 2010 ”It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first.’” -Ronald Reagan February kicked off on a positive...
Read MoreSPX – 1097.50 DJIA – 10,236 January 28, 2010 “There is no rule about anything in the stock market save perhaps one. That rule is the key to market tops and bottoms or the key to market advances or declines will never work more...
Read MoreSPX – 1096.78 DJIA – 10,196 January 26, 2010 “The financial markets generally are unpredictable. So one has to have different scenarios. The idea that you can actually predict what’s going to happen contradicts my way of...
Read MoreSPX – 1136.03 DJIA – 10,609 January 19, 2010 “This will be a transitional year. I am not sure how it will end for the markets. Cyclical forces are bullish. Governments and central banks have poured money into the global...
Read MoreSPX – 1146.98 DJIA – 10,663 January 12, 2010 “If 2008 was the year of financial crisis and 2009 the year of healing via monetary and fiscal stimulus packages, then 2010 appears likely to be the year of ‘exit strategies,’ during...
Read MoreSPX – 1132.99 DJIA – 10,583 January 5, 2010 “Individually, everybody is doing the right thing. I can’t tell you to stop paying down debt. But when everybody does it at the same time, who is going to borrow and spend?… The only...
Read MoreSPX – 1114.05 DJIA – 10,414 December 22, 2009 “The market is trickier than it was in the summer, and frankly, most stocks have stagnated with the major indexes. So it’s not like the bulls are running wild. Even so, the major...
Read MoreSPX – 1114.11 DJIA – 10,501 December 15, 2009 “To see what is in front of one’s nose requires a constant struggle.” -George Orwell The S&P 500 (SPX) closed a new closing recovery high (1114.11) yesterday, above the November...
Read MoreSPX – 1103.25 DJIA – 10,390 December 8, 2009 “The data tell you that we are late in the bull market. They don’t tell you that it is over.” -Phil Roth, The Wall Street Journal, December 7, 2009 The S&P 500 (SPX) reflects the...
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