Monthly Market Updates

Posted May 28, 2010

Flash Crash

“Flash Crash”, an unfamiliar term just a few weeks ago, has become something we hear about every day. Of course the term refers to the, as yet, unexplained market meltdown that took place May 6th when the market inexplicably dropped to a 1000 point loss and then recovered 70% of that loss all within a matter of minutes. We have spent the rest of the month dealing with the uncertainty created by… Read More ›

Posted April 28, 2010

Cool April

It has been a cool spring by Tucson standards but the market continued to be red hot for most of the month. At the close last Friday the market had advanced for 8 consecutive weeks for the first time in 6 years. Even the Federal Government accusing investment banking giant Goldman Sachs of fraud was not enough to dissuade buyers. The stream of investment rating service downgrades of the debt of Greece,… Read More ›

Posted March 31, 2010

March Market Update

The market may not have come in like a lion and out like a lamb, but it did come into March nursing a bit of a limp and emerged in an all out run. March 6, 2009 (or March 9th on a closing basis) marked the bottom of one of the worst economic and market meltdowns since the Great Depression. In our report last month we said “what a difference a year… Read More ›

Posted February 28, 2010

What a Difference a Year Makes

What a difference a year makes. At the end of last February the S&P 500 was down nearly 19% for the year and had dropped more than 53% from the high in October 2007. Many banks were in trouble or had closed, the credit markets were completely shut down, over 700,000 jobs were being lost each month and it looked like we were in the midst of a total economic meltdown. A… Read More ›

Posted January 30, 2010

Happy New Year!?

Happy New Year!?!?! 2009 began as one of the more bleak years in recent times, featuring a 25% decline in the S&P 500 and an economy that appeared to be on the brink of a meltdown. Of course, by year end the early months of 2009 were but a memory as the index rallied 67% off the bottom, closing higher 9 of the last 10 months, and the economy appeared to be… Read More ›