Market Commentary: Week Ending 11-11-11

Markets registered what appeared to be a relatively tame week; Friday saw a melt up in stocks.  I would attribute most of the melt up in stocks to the bond market being closed for Veterans Day.  The last time we had bond markets closed (October 10th), we saw a very similar occurrence of the market [...]

November 14th, 2011|

Happy 2nd Anniversary, CWM!

Dear Esteemed Clients and Friends, We hope this letter finds you well and experiencing the financial peace of mind you deserve.  On Friday, November 4th, CWM celebrated our second year in business.  We want to take a moment to extend our sincere gratitude to you for your support and trust over the past two years.  [...]

November 9th, 2011|

Market Commentary: Week Ending 11-04-11

What makes the money world go around? Confidence and trust makes the money world go around.  The market tension, and eventual rout in 2007-2008, had very much to do with a breakdown in confidence and trust.  The global banking system is dependent upon banks working with one another.  This cooperation between banks is one way [...]

November 7th, 2011|

Market Commentary: Week Ending 10-28-11

Meteoric Melt Up This past Thursday we saw a huge melt-up in the market on the news that Europe will try to solve their debt problems with more debt.  To make matters worse, the headlines all declared that European banks were agreeing to a 50% haircut on their Greek bond holdings.  A haircut is where [...]

October 31st, 2011|

Market Commentary: 9-30-2011

Another vicious week of volatility…  I am not sure if it is worse that the market is swimming in uncertainty or that it appears the market is waiting for a catalyst to send it up or down.  When scanning the world it is hard to see where the good news will come from that will [...]

October 2nd, 2011|

Market Commentary: Week Ending 9/16/11

This past week the markets rose considerably on rumor, after rumor, after rumor.  It seems investors are dying of thirst for anything that might kick the “European banking/sovereign debt crisis can” down the road further.  It is very hard to imagine that any gains in the market are not going to be very short-term in [...]

September 19th, 2011|

Market Commentary: Week Ending 9/9/11

This past week was a rocky week that ended in a sharp selloff over Thursday and Friday.  The sharp decline in global stocks was mostly precipitated by the ongoing nightmare that is Europe. One very notable event this past week was the fall of the last safe haven - the Swiss Franc.  The Swiss National [...]

September 12th, 2011|

Market Commentary: Week Ending 9/2/2011

Last week was another lackluster one for the books.  The US market actually shuffled along sideways until Thursday when the Institute for Supply Management (ISM) report came out.  The ISM was not as bad as I suspected, but it was still not good with a continued increase in inventories.  Increasing inventories means slow demand.  In [...]

September 5th, 2011|

Market Commentary: Week Ending 8/26/2011

What an interesting week we had on many fronts- an earthquake and hurricane on the east coast, Buffett bailing out another bank, and Bernanke’s speech.  The first two didn’t have much bearing on those of us in the Midwest, but the effects of the second two remain to be seen as trading opens on Monday.  [...]

August 29th, 2011|

Market Commentary: Week Ending 8/19/2011

Another ugly week for the books…Last week's market weakness had to do with two primary points.  The first is an increase in banking tension in Europe, and the second is the implosion of economic activity in the US.  Fear is the name of the game these days, and many investors are playing their hands close [...]

August 22nd, 2011|