A stream of strong earnings reports helped the Dow industrials end their fifth straight week of gains by closing above 14,000 for the first time since 2007. The Nasdaq’s best week since the first of the year helped it close the gap with the other domestic indices, while the small-cap Russell 2000 continued to lead the pack.Read More
Where do the equity markets go from here? Most investors are asking that question as Father Time 2012 passes the scythe and hourglass to the 2013 New Year’s Baby.Read More
Resilience in the face of adversity seemed to be the theme for 2012. Hurricanes that shuttered Wall Street for two days and cut oil production, the threat of a “Grexit” from the euro, Europe’s record unemployment and second recession in four years, Chinese growth that hit a three-year low, and uncertainty about elections here and abroad–such formidable obstacles slowed the progress of the global economy but didn’t bring it to its knees.Read More
Better late than never: Equities soared as investors wiped their collective brow when lawmakers reached a deal that averted a full-scale immediate plunge off the fiscal cliff. Despite the holiday-shortened week, the S&P gained more than 4% to hit a level not seen since 2007′s last trading day, while the Nasdaq and Russell 2000 fared even better. Meanwhile, bond prices took a hit after the Fed suggested it might start easing out of quantitative easing later in the year.Read More
Originally Posted by Allison Knothe on Boston.com December 31, 2012 01:04 PM
Time is running out in Washington for the country to avoid the fiscal cliff. If that happens, 8 or 9 percent budget cuts would hit the majority of the federal government and could throw the country back into a recession.
So what do you do?
We talked with J. Christopher Boyd, a leader in the Financial Planning Association of Massachusetts and the founder and chief investment officer of Asset Management Resources, LLC. He is a contributor to Boston.com’s Managing Your Money blog and the host of a financial radio show on WXTK 95.1. Link to full article…Read More