New Market Highs: It’s Not the Economy (Stupid)!
It had been 210 days since the S&P 500 had made a new record high, but, on Friday, August 24th, after several days of struggle, the market finally broke to a new high (2874.69). The struggle actually began the prior Tuesday (August 21st). During that trading day, the S&P 500 actually pierced the old record […]
Fed Likely to Put Economy at Risk
Market volatility finally showed up in the popular indexes (DJIA, S&P 500, NASDAQ). These were down two weeks in a row as of November 17 on rising volume (never a good sign when markets are falling), and they are no higher than they were a month earlier (October 20). The VIX, a measure of market […]