Thu04242014

Business & Real Estate

Quiet markets can determine decisions

The old Wall Street adage “Never short a quiet market” seems to be working, because we didn’t get anywhere with daily buys and sells last week. Large trading volume usually signals a rally to buy or sell.

Broadcaster and financial analyst Jim Cramer agrees that when the stock market looks horrible, resist the urge to sell. Selling into weakness is anything but strategic, according to Cramer, and sellers ultimately regret their decision.

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Transactions

Los Altos

40 Los Altos Square, Ablow Trust to Leslie Trust for $1,150,000

32 Lyell Street, Lyell Street Limited to J. & S. Smith for $1,349,000

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Sister act : Special-occasion shoe company founders aim to go big when giving back


Ellie Van Houtte/Town Crier
Jessica and Emily Leung, from left, recently announced the addition of a charitable division to their shoe company, Hey Lady. The former Los Altos High students started their company in 2009.

Entrepreneurial twins Emily and Jessica Leung are adding new titles to their resumes – budding philanthropists.

The sisters, Los Altos High Class of 1999 graduates who co-founded special-occasion shoe company Hey Lady in 2009, recently announced that they’re adding a charity division to their burgeoning business. The duo is kicking off its newest endeavor with a 45-minute charity spin class Tuesday at Stanford Shopping Center’s SoulCycle, titled “Whoop Cancer! Give Big! And Win a Date with Twins!” Proceeds from the event will benefit rare-cancer research and The Leukemia & Lymphoma Society.

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Is the market correction over?

Last week’s gains put the stock market back on track, prompting a question from investors: Is the stock market correction over?

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Transactions

Los Altos

32 Lyell Street, Lyell Street Limited to J. & S. Smith for $1,349,000

197 Sunkist Lane, Maris Trust to S. Wang for $1,930,000

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Transactions

Los Altos

901 Andover Way, J. & C. Cordon to G. & P. Dwyer for $1,922,000

1686 Miller Avenue, Roach Trust to Myers Construction for $1,925,000

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Federal Reserve pressure continues

Both the Dow Jones industrial and transportation averages have slumped more than 6 percent from their recent all-time highs, underlining that there is no doubt this year’s pullback qualifies as a significant correction.

However, after Thursday’s positive jump in share prices, investors sought more information from Friday’s January jobs report. Despite only 113,000 jobs added to the workforce, the weaker-than-expected news didn’t faze the market.

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