08292016Mon
Last updateWed, 31 Aug 2016 4pm

Keep looking for buying opportunities

It wasn’t long ago when Wall Street set new daily highs, with the S&P 500 at 2,000.02 points, the Dow Jones industrial average at 17,138.20 – and the bulls sitting pretty.


Fed will move cautiously on rates

Another closing high for the S&P 500 and Dow Jones industrial average, within 1 percent of all-time highs, is not what investors expected for August. Historically, August has been an underperforming month.

A bullish trend has been reconfirmed, and the August lows will no longer represent significant points.

Ukraine unrest upsets stocks again

Stocks fell big-time Friday, erasing three days of gains on the Dow Jones industrial average after Ukrainian forces engaged a Russian armored column on Ukrainian land. The Dow plummeted more than 100 points before noon.

Feeling confused by the stock market?

There is still a lot of trepidation in the stock market. The Dow Jones industrial average dropped 317 points Thursday for the biggest one-day loss since February. On the other hand, the economy is in a good position and the earnings season behind us has been mostly positive.

To add to the confusion, most stocks rose Friday as investors weighed the implications of the U.S. military strike against insurgents in Iraq along with rising tensions in the Russian-Ukraine situation. Solid earnings reports have countered the uncertainty in Ukraine and kept the major averages near all-time highs. Even the Federal Reserve has helped by delaying a move to hike interest rates.

Don't give in to the market decline

Blame the current stock market downturn on the Kiplinger Letter. In its July 25 business edition, Kiplinger said to prepare for a 10-20 percent stock market drop – and last Thursday and Friday the Dow Jones industrial average plummeted 387 points.


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