Just 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 MoreWhy the US employment situation matters more than any other indicator right now. Once a month on the first Friday, the US Bureau of Labor Statistics releases the "Unemployment Situation" for the previous month.
Read MoreWith less than 8 trading days remaining in 2009, we're pretty much sitting on our gains with our fingers crossed. About the only thing that could ruin our year at this point is a terrorist attack on the Rockefeller Center Christmas Tree in New York City
Read MoreBy the end of October, we thought that the worst of the sub-prime crisis was behind us as many of the aggressive lenders (Countrywide, American Home Mortgage) in this space had already hit the wall.
Read MoreOne week ago, the Dow was at all-time highs, the S&P 500 and NASDAQ at six year highs and the S&P 500 was within a few percent of making a new all-time high.
Read MoreFor the most part, our clients trailed the averages for the year by about 4% despite a late year rally in technology stocks. As this was the second year in a row of underperformance (last year by 1%), we reviewed our strategy from top down to see whether flaws exist.
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