Raging Bull Market Continues to Set New Records

Raging Bull Market Continues to Set New Records

The DOW Jones Industrial Average started with a dozen listed stocks back in 1896, and now lists 30 American conglomerates with only one original company, General Electric, still participating.  The addition of Apple to the DJIA in 2015 shows that it is no longer a listing of just “industrial” companies.   The DOW took 77 years to achieve the first 1,000-point mark, and in 2017 alone it’s achieved that five times over, ending the year near 25,000. (more…)

HR3555 Could Grant Immunity to Exchanges & Dark Pools

A new bill was just introduced by Representative Loudermilk (R-GA), which would  amend the Securities and Exchange Act of 1934 to basically reduce or eliminate regulation overreach into business models of exchanges that do not involve either reporting or effecting a transaction on the exchange.  As Representative Loudermilk put it in the following statement when introducing the bill, “Regulatory agencies have a tendency to expand their reach into areas they should not be regulating and engage in mission creep, which can stifle innovation.” (more…)

How Long Can the Market Sustain its Low Volatility?

Volatility in the stock market has a direct impact on stock performance and annualized returns.  Historically, when market performance is positive, volatility will tend to decline.  Conversely with higher volatility, investors experience greater risk, while the market sees a decrease in returns.  With the current calmness of the stock market, we have to wonder how long the market will sustain its low volatility, and when we should be concerned. (more…)