Today marks the first technical correction (commonly defined as a price decline of at least 10%) that we’ve seen since the beginning of the current bull market that began in March of 2009. We first referred to the possibility of a correction in our February 4th Insight and while we were a little early in…
Just after 2:30 p.m. today one of our analysts stormed into my meeting to tell me the market had just plunged 8% in a matter of minutes. At first I thought he must be wrong. I have been through some big market declines, but this was the biggest thing since 1987. Indeed, the Dow had…
On Friday Goldman Sachs Group Inc. was hit with charges of fraud by the SEC. That is a big headline, and it is worrisome; are major financial firms really committing fraud as a regular order of business? Goldman denies any wrong-doing and says it will fight the SEC allegations. Right now we are left with…
US stock markets have recently rallied to new 18-month highs as economic reports suggest improving conditions. The long-term outlook remains encouraging for the economy and the stock market, but prospects for another short-term pullback or correction like the one we saw in late January have increased. First, the factors suggesting economic improvement: The statement from…
Today’s Insight comes from Todd Smallwood, Iron Capital’s new director of trading. More information below on Todd’s vast experience. Many investors have been concerned by the drop in the US stock markets from the January highs and are asking if we are in a correction or worse, the beginning of a bear market. Let’s break…
