Market Commentary: Week Ending 02-17-12

Global markets were jostled around and settle into gains for the week. The driver this past week was the same as it has been in the past few weeks, and that is the ongoing hope/rumors that Europe is getting its arms around the most immediate problem child – Greece. Recall that not too many days ago it appeared that all the ills in Europe had been pushed down that road with the Greek politicians’ approval of their next bailout. Since the Greek politicians accepted the terms, there have been a ton of rumblings about the actual implementation. In

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Market Commentary: Week Ending 02-10-12

Global markets were flat to lower on the week. Going into Friday, the markets were sitting on minor gains. However, Friday erased any gains for the week, and then some. The reversal of good fortune in the markets mostly had to do with the ongoing drama in Greece, as well as weaker than expected consumer confidence numbers here in the US. On a technical basis, it is likely that many professional investors are starting to recognize the market’s rise from October 2011 until now is long in the tooth.

 

 

Labor Report Revisited

Last week I wrote about

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Top 3 Investment Myths

When talking to potential clients about my investment strategy, it’s common to hear a lot of the same arguments for the ‘buy and hold’ strategy that their current investment advisor is utilizing.  Below are the top 3 “investment myths” I hear the big investment advisory firms telling their clients:

1.  Your portfolio will be just fine as long as you sit tight and ride it out.  Historically, the markets have had more positive years than negative ones.  It’s true that the S&P 500 was up in 61 of the past 85 years.  However, there’s more to the story than

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