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, 2012
Economic Update for February 27, 2012
Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “Love is the master key that opens the gates of happiness.” – Oliver Wendell Holmes OIL APProaches $110 PER BARREL As NYMEX crude futures settled at $109.77 Friday, economists wondered how the U.S. consumer might cope if $5 gas became a reality. Spurred by supply concerns and heightened [...]
Economic Update for February 20, 2012
Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “In times of rapid change, experience could be your worst enemy.” – J. Paul Getty CONSUMER PRICES UP 0.2% for January Major factors in this increase in the Consumer Price Index include a 0.9% rise in the price of clothing as well as rising rents and healthcare costs. [...]
Economic Update for February 14, 2012
Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “A successful person is one who can lay a firm foundation with the bricks that others throw at him or her.” – David Brinkley WILL THE MORTGAGE ACCORD BRING MUCH RELIEF? While the $25+ billion settlement reached last week between five large mortgage servicers and 49 states was [...]
Economic Update for February 6, 2012
Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “If you would be loved, love and be lovable.” – Benjamin Franklin JOBLESS RATE DOWN TO 8.3% Are we seeing a trend here? The unemployment rate has now fallen 0.8% in the last six months. We haven’t seen a descent this sharp and swift since 1984. January hiring [...]