Published May 13, 2013
Many myths persist in the market. Some have a bit of truth, and that is enough to keep them around: “Don’t fight the Fed,” “Don’t fight the tape,” and “sell in May and go away.” Do we hang on to the latter because it rhymes, or because it works?
Of course, if one [...]
Published April 8, 2013
Both the Dow Jones industrial average and the S&P 500 average reached all-time highs in the first quarter of 2013. The Dow jumped 11.25 percent for its best first quarter in 15 years. The S&P moved up 10 percent, finishing the quarter at 1,569.19 and eclipsing the previous high of 1,565 set [...]
Published March 11, 2013
When the early returns of the Italian election for prime minister came in on Feb. 25, the markets took a steep dive. Voters were asked to prolong the policies of Mario Monti, prime minister since 2011.
Monti was considered a technocrat; he had led Italy into a policy of austerity. This financial approach [...]
