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Happy New Year! We saw 2018 wrap up on Monday with a 265-point gain in the Dow, and solid gains in most indies. We start the New Year with plenty of uncertainty as far as interest rates, tariffs, a government shutdown, a political mess that should keep the President busy as the new Democratically controlled House of Representative will be going after him relentlessly, while the Republican controlled Senate does their own investigates so everyone will be busy beating each other up. How this government ...

Well, it's the end of a wild month, and a wild year for the stocks market. Friday's action closed rather flat, but mixed, and the action was choppy with decent afternoon gains being given back in the final hour of trading. The Dow lost 76-points, but it felt worse since it was up over 240 with an hour to go in the day. The S&P was down on the day, but small caps and the I-fund ended the day with decent gains.

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After the first few sufferable weeks of December, stocks put on a show for traders producing the only week of gains for the month last week. Stocks began the week with the worst Christmas Eve sell-off in history. Christmas day must have revived the spirit of investors who finally all agreed the indices were oversold. The result was the greatest one day point gain on record Wednesday. It felt like a once in a lifetime sort of day but still only had enough behind it to erase the last two trading ...

The Dow , S&P 500, and Nasdaq were up 1.14%, 0.38%, and 0.86% respectively yesterday, so it was a nice day for the stock market, right? After Monday's "incredible", and Wednesday's "amazing", I can only say that Thursday's market was extraordinary. The Dow was down 611-points at the lows before a final 90 minute rally that took it up to the +260 level for an intraday reversal of 871-points. I am running out of words to describe the action, and the week as a whole so far. ...

Yesterday's commentary started with the word, "incredible". Today "amazing" may be appropriate to describe Wednesday's action. The Dow gained 1086-points, the largest point gain ever for a single day, and 504 out of the 505 stocks that are in the S&P 500 were up - the most since at least 1990. All of that is well and good, and any bottom starts with a rally, but don't forget ...