Monthly Market Updates

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 ›

Posted January 5, 2010

Year End

Incredible, amazing, unbelievable and phenomenal are just a few of the many words one could use to describe the 2009 stock market. After starting the year with a 70 day gut wrenching 26% decline the economic malaise appeared to reach a climax and the S&P 500 moved higher 8 of the next 9 months, with a total gain from the March lows to year end of 67%. One of the deepest declines… Read More ›

Posted December 31, 2009

Year End Update

The month began, as every month during the crisis has begun, with all eyes focused on the first Friday of the month when the government releases their all important monthly jobs report. We all know that job creation holds the key to continued economic recovery, so this report is the most important each month. The report showed that in November only 11,000 jobs were lost, and the report also adjusted the October… Read More ›

Posted November 30, 2009

Happy Thanksgiving

With Thanksgiving just passed, most of us likely took time out to express thanks for family and health, but many also gave thanks for the strongest stock market rally since 1933. Not only has this rally brought us quickly out of the depths of one of the worst market meltdowns in history, it has given hope to the entire country that we may have avoided the worst and a bright future may… Read More ›