Monthly Market Updates

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 ›

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 ›