Day after day, the stock market continues to march higher, and this has some people confused. Many pundits have been looking for a correction (a drop of 10% or more) or at least a pullback (a drop of 5% or more) of some sort for quite a while. And it has been quite a while!… Read More

The Greek philosopher Heraclitus is quoted as saying “change is the only constant in life.” Changes, like most things, come in different varieties. Some are small, fast changes; others are large, slow changes. Markets are famous for giving investors daily (even hourly) small, fast changes. But these days, we may be witnessing some of the… Read More

Ever since the election of 2016, pundits have been calling for the next big pullback in the US stock market. At first, it was supposed to happen because Trump was elected. When that didn’t happen, it was supposed to occur in early 2017. Then it was supposed to be once the Fed hiked interest rates…. Read More

Like age, a stock market milestone is just a number. There is nothing particularly special about Dow 20,000, except that it is a multiple of 10,000. In the early 1900s, investors celebrated milestones of every 100, or every 500, and later for every 1,000 that was reached. What used to be a big deal is… Read More

So much for Brexit being a big deal. Despite widespread fear of the UK’s decision to leave the European Union, the 3rd quarter was the best one this year for nearly all categories of stocks. The S&P 500 was +3.9% when you include dividends. Mid-sized and smaller companies fared even better, with mid-caps +4.5% and… Read More