Does the old stock market cliché have any credibility in 2012? An old stock market dictum says that spring is for profit-taking, or at least a time to reduce your exposure to equities. In the classic market psychology, you “sell in May and go away” with the belief that stock prices will plateau or retreat [...]
Archive for February, 2010
Weekly Market News for the Week of February 22, 2010
Presented by Mark Lund, The Investor Coach. Quote of the week. “Avoid having your ego so close to your position that when your position falls, your ego goes with it.”– Gen. Colin Powell Fed bumps discount rate up to 0.75%. The exit strategy had to get rolling at some point, yet the Federal Reserve’s Thursday [...]
Weekly Market News for the Week of February 15, 2010
Presented by Mark Lund, The Investor Coach. Quote of the week. “Live out of your imagination, not your history.”– Dr. Stephen Covey Retail sales increase. Friday, the Census Bureau estimated retail sales up 0.5% for January, with a 4.7% year-over-year gain from January 2009. The half-percent gain topped the +0.3% forecast of economists polled by [...]
Weekly Market News for the Week of February 8, 2010
Presented by Mark Lund, The Investor Coach. Quote of the week. “Simplicity is the ultimate sophistication.”– Leonardo da Vinci Jobless rate falls to 9.7%. The January statistic from the Labor Department was encouraging – a 0.3% drop from December. Bizarrely, there was no job growth even with that sizable decline – payrolls slimmed by about [...]
Weekly Market News for the Week of February 1, 2010
Presented by Mark Lund, The Investor Coach. Quote of the week. “Reputation is what other people know about you. Honor is what you know about yourself.”– Lois McMaster Bujold 4Q GDP: 5.7%: That is the preliminary reading from the Commerce Department, and that is the best reading since 3Q 2003. Economists pointed out that much [...]