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Monthly Archives: March 2012

Trend Watcher – Nasdaq, Apple and Dow Hit Milestones

By |2012-03-04T14:57:18-05:00March 4th, 2012|Markets|

On Tuesday, the Dow Jones Industrial Average crossed and closed above 13,000 for the first time since 2008. Not to be outdone, on Wednesday the Nasdaq traded above 3,000 for the first time since 2000. Although the index quickly fell back below 3,000 and never closed above that level, an eleven year high is nothing to sneeze at. AAPL, which might as well be its own index [...]

Bernanke’s First Step Is Admitting There’s a Problem

By |2012-08-08T14:15:35-04:00March 2nd, 2012|Markets|

In response to questioning by Congress, Federal Reserve Chairman Ben Bernanke quickly referenced the successes of monetary policy under his direction, particularly the stock market's meteoric rise (as if that is the only measure of economic efficacy) and the 2.5 million jobs created since mid-2010 (not really a surprise that he [cherry]picked that starting point, it would be far less [...]

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