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Monthly Archives: October 2012

The Big Lie

By |2012-10-21T15:31:33-04:00October 21st, 2012|Currencies|

By Brian Cronin Last Friday was the 25th anniversary of the Crash of 1987. On Black Monday, the Dow tanked 508 points (about 23%) and those who were invested lost over $500 billion. By January of 1989 it recovered all it had lost. Compared to where we are now, it was a drop in the bucket. Hardly anything happened in [...]

Time To Prepare For A Stronger Dollar

By |2012-10-21T15:41:24-04:00October 21st, 2012|Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Taxes/Fiscal Policy|

Well, I'm back from vacation, five days of golf in the wilds of Sea Pines Resort on Hilton Head Island. Okay, I wasn't exactly roughing it unless you count the number of my golf shots that veered out of the fairway but it isn't Miami. It was an opportunity to renew old friendships, develop some new ones and a much [...]

Retail Sales Report: What’s The Matter With The Data

By |2012-10-16T10:09:22-04:00October 16th, 2012|Economy|

The seasonally adjusted retail sales report from the Census Bureau for the month of September 2012 was a celebrated success, more apparent evidence of a resilient economy muddling through the throes of reduced vigor elsewhere in the world. September’s results beat all expectations, including various subsectors such as electronic stores and motor vehicles. Outside of the adjusted series, however, the [...]

Play The Course And Attempt To Avoid The Hazards

By |2012-10-16T10:17:53-04:00October 14th, 2012|Markets|

With Joe in South Carolina playing God’s game, I am reminded of the picturesque backdrop behind the 18th green of Harbour Town Golf Links.  There stands a gleaming red and white light house, a historic structure designed to guide maritime travelers. For the past year, investors brave enough to venture for open water have been rewarded, the S&P is up [...]

A Closer Look: World Markets

By |2012-10-14T19:56:22-04:00October 14th, 2012|Markets|

The S&P 500 ((IVV)) has had a nice run since its June lows despite little fanfare, but it's likely coming to an end. The index finds itself at a critical stage, having broken the 1430 support level and forming what seems to be a short-term double-top. It currently sits atop the 50-day moving average, but that looks precarious at best. [...]

Men In Black

By |2012-10-09T09:49:13-04:00October 9th, 2012|Markets|

Form Friend of Alhambra Brian Cronin: Greece is set to run out of money by the end of November if it doesn’t get the funds it needs to carry on. The representatives from the European Commission, the European Central Bank and the International Monetary Fund, collectively known as the troika bankers, have been trying to get the Greek government to [...]

A Closer Look: Market Style

By |2012-10-07T18:13:40-04:00October 7th, 2012|Markets|

The Standard & Poor’s 500 is a stock market index based on the common stock prices of the biggest 500 publicly traded American companies. The index is close to its 2012 highs but the rally seems to be stalling out. It hit resistance at 1470 and proceeded to sell off this past Friday, so look for a continuation of the [...]

Tactical Update

By |2012-10-07T15:35:52-04:00October 7th, 2012|Markets|

Apple was rebalanced to target weight after dropping below technical support. Click here to sign up for our free weekly e-newsletter. For information on Alhambra Investment Partners' money management services and global portfolio approach to capital preservation, Douglas R. Terry, CFA is reachable at: dterry@4kb.d43.myftpupload.com

Conspiracy Theories & Other Random Thoughts

By |2012-10-09T08:53:35-04:00October 7th, 2012|Economy, Markets|

I'm traveling again and so this will run shorter than normal. This trip is a combination business trip and vacation so my wife Fay is along and we're visiting my home town of Aiken, SC this weekend. I've promised to take her to the polo matches this afternoon so I'm on a tight deadline. We've still got another week on [...]

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