Mark P. Cowdell, CFP Blog
Bottom Fishing
The S&P 500 hit a new 52 week low today 1810, so did the NASDAQ 4209. The Dow almost hit a new low 15503, and then with just a hint that there might be a reason for oil to move up the markets started a brief rally. This brief recovery shows the pent up demand for...
Unemployment Rate in America
COSTELLO: I want to talk about the unemployment rate in America ABBOTT: Good Subject. Terrible Times. It’s 5.6%. COSTELLO: That many people are out of work? ABBOTT: No, that’s 23%. COSTELLO: You just said 5.6%. ABBOTT: 5.6% Unemployed. COSTELLO: Right 5.6% out of...
Bottoms Up
The 16,000 level for the Dow, 1,900 for the S&P 500 and 4,400 for NASDAQ appear to be fairly solid bottoms for buying opportunities. We started buying again today near those levels. While it is hard to predict an exact bottom it does appear that the markets want...
Correction or Bear Market
I dislike the term stock market “correction”. It sounds like the markets were wrong and needed to be corrected by someone. But for lack of a better term a correction is defined as a 10% pullback in stock prices, we are there. A Bear market is a 20% decline in stock...
After Christmas Sale for Stocks
Christmas came early for stock buyers this morning. This was the worst open for a New Year since 1932. Thankfully by the time the markets closed it was only the worst open for the last 8 years. January is normally a great month for the stock market so when it opened...
Futures Look Bright
If the Futures hold up this morning we might have seen the bottom yesterday. From the looks of the European stock markets the US stock market is poised to rally today. We could move up 1 to 3%. So far this morning the futures for the Dow are up a few hundred points....
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