Archive for March, 2009

Weekly Recap & Outlook – 3/27/09

Friday, March 27th, 2009

 Tower Private Advisors

Capital Markets Recap

March 27, 2009

Below

  • Bair market
  • Fearless forecasts
  • Housing . . . improving . . . ?

This week, the Dow 30 rose by 497.80 points, or 6.84%, to 7,776.18. The S & P 500 (SPX) rose by 47.40 points, or 6.17%, to close at 815.94. The NASDAQ Composite rose by 87.93 points, or 6.03%, to 1,545.20. The S & P Mid-cap index rose by 34.45 points, or 7.62%, to close at 498.83. The Russell 2000 small-cap index rose by 28.89 points, or 7.22%, to close at 429.00. Finally, the Morgan Stanley EAFE (Europe Australasia & Far East) index rose by 49.58 points, or 4.70%, to close at 1,067.56. (more…)

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Darkening Societal Mood/Anger

Friday, March 27th, 2009

Last Friday’s Weekly Recap & Outlook mentioned that we’re watching the shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC).  As I pointed out, those shares are on the rise ostensibly because of increased–make that record–handgun permit applications.  You can read stories along those lines here, here, and here.

Then, on March 24, in a blog posting on Minyanville, a blog I like, I found a link to the handout below.  It was under the heading of, “Societal acrimony, what societal acrimony?”

Storm the Banks!

 

 

Storm the Banks

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Weekly Recap & Outlook – 3/19/09

Friday, March 20th, 2009

Tower Private Advisors

Capital Markets Recap

March 20, 2009

marching1

Marching into the 21st Century

 

 

 

 

 

Below

  • The long-awaited multimedia festival
  • Subdued domestic markets; exuberant foreign bourses
  • Irritated hypocrites
  • No legalese

This week, the Dow 30 rose by 54.40 points, or 0.75%, to 7,278.38. The S & P 500 (SPX) rose by 11.99 points, or 1.58%, to close at 768.54. The NASDAQ Composite rose by 25.77 points, or 1.80%, to 1,457.27. The S & P Mid-cap index rose by 7.67 points, or 1.68%, to close at 464.38. The Russell 2000 small-cap index rose by 7.02 points, or 1.79%, to close at 400.11. Finally, the Morgan Stanley EAFE (Europe Australasia & Far East) index made up for last week’s lagging and rose by 86.92 points, or 8.86%, to close at 1,067.56.

(more…)

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A picture is worth a lot of money

Thursday, March 19th, 2009

If you appreciate the descriptive ability of pictures as much as I do then you’ll like this one, although you may not appreciate the effect it’s had on your net worth.  The chart below shows significant bear markets from 1929 to the present.  The horizontal axis measures the length of each, while the vertical represents the price decline.  Only one bear market has seen a worse decline than this one, although most have been longer in duration.

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Secular Bull and Bear Markets

Wednesday, March 18th, 2009

In speaking of securities market cycles, we are concerned with four types:  secular, cyclical, seasonal, and random, or noise.  Martin Pring, in his book Technical Analysis Explained, refers to these as influences on a trend.    After a brief review of each, this post will look at the notion of secular, or long-term, bull and bear markets.

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