Stay up to date with the latest personal finance developments, financial planning advice, investment news and retirement planning tips from our team of certified financial planners and experienced wealth advisors here in New York City.
As US stocks hit a 6 month low two weeks ago on October 15th, we wrote, "The CNN Fear and Greed Index hits "Extreme Fear" (but we're not selling...)". In hindsight that was a good call because US stocks, as represented by the S&P 500, rallied significantly over the next two weeks and closed at the 35th record high of the year on October 31st.
Read MoreSurprisingly steady! How can we say that? Because compared to the price swings of the last six years, the recent 3.9% decline in US Stocks (from a record set April 2) barely registers relative to the powerful uptrend since mid 2011.
Read MoreThe US Stock Market as defined by the Dow Industrials and S&P 500 achieved record closes Thursday afternoon. European stocks markets are at 5 year highs, and emerging markets such as Shanghai and Bombay have rebounded 10% from the summer's lows
Read MoreWe have the pleasure of spending quite a bit of time among the "1 percenters" - American families whose annual income exceeds $500K. Our favorite cocktail party question this summer is: "Given everything you've heard recently, do you think the stock market is up or down this year?"
Read MoreVolatility returned to the US stock market in November. In the first week of the months, stocks surged 3.6% on the back of the first decent jobs report since May.
Read MoreJust when we thought the market had set a low for 2011 (last Friday's close,) one more piece of bad news rocked US and world markets.
Read MoreThe S&P 500 gained 53.2% in the 6 months since the March 9th bottom. Over the same time frame, the NASDAQ gained 57.1%. These are among the sharpest gains ever recorded for either index (record for the NASDAQ.)
Read MoreThe modest 5.5% gain in the S&P 500 for the year disguised the slaughter in financial services (down 18.5%) and consumer discretionary (down 13.2% - primarily home builders and cars, but also retail).
Read More
