Dow 3,000! The end is near!! Get out while you still have time! Now that we have gotten the scare tactics out of the way, let’s have a knowledgeable conversation.
Wall Street Steward Blog
Hi folks…I know you are scared. You are scared about the government shutdown, and what it might mean for your money. How do I know this? Well, lets just say that managing money for over 400 families helps me keep my proverbial finger on the pulse of mainstream America.
Excellent piece by LPL Research outlining what to look for in the second half of the year. Thanks guys!
I have spoken to several clients recently that have said something to the effect of “I am scared of losing money in stocks…I want to move into bonds because they are safer.”
Searching for Inspiration
This week marks the end of the period leading up to the deadlines for oil-related sanctions on Iran, for the countries in Europe to ratify the permanent bailout fund known as the European Stability Mechanism, and for the Supreme Court to rule on the Affordable Care Act. This week also marks a beginning. It is the start of a six-week period that has been the best for the stock market in each quarter of recent years.
It has been a sweet sixteen weeks for the S&P 500. The broad stock market index has only had three down weeks out of the past sixteen. There has not been a sixteen-week period with fewer weeks of losses in over 20 years – since the period ending September 1, 1989!
Just seven weeks into 2012 and the markets are off to a strong start. The stock market, measured by the S&P 500, has posted a high single-digit gain for the year, and the S&P 500 index is around 1,350. Sound familiar?
Recently we have experienced a market of extremes. In 2012, finding a middle ground, or Meeting in the Middle, is going to be key for growth in the markets and economy. Consumer sentiment, business leaders, policymakers and geopolitics are going to have significant impact on the investment environment. We believe that:
It has been a textbook year. That is, if your textbook is the Stock Trader’s Almanac. The old stock market chestnut “sell in May and go away” proved to be good advice this year. But that was not the only old adage of Wall Street traders that worked in 2011 – they all worked.