Assessing the market now that recession fears have disappeared

With recession fears now nowhere to be found, the market averages have raced their way back to a positive return for the year, a much-welcomed development considering where they were on Feb. 11. The bears have retired to their caves, and the negativism in the media has all but disappeared. The rising price of oil […]

The imagined recession disappears

And POOF, just like that, the imagined recession disappeared! The equity market rallied from its Feb. 11 low (S&P 500 1829.08, down 10.5 percent for the year) to 1893.40 (March 3) and rising as I write. Amazingly, the markets are now only down about 2.0 percent for the year. This bounce is a relief. And […]