Diamonds and Dogs
Say Yes to NovemberSay Yes to November
November was a great month for market players. November 2009 is in the books with a 6% total return (dividends included) for the S&P 500. That is the best November since 2001. Year to date, the S&P 500 is up 24.1% versus a loss of 37.7% during the same time period last year. Even though $100,000 would still be worth only $77,314 for the past two years, it does feel good. Last Friday's employment numbers have also shown a glimmer of hope that this job-less recovery could gain some legs into the new-year. Futures traders are now pricing a 90% chance of short term interest rates rising to 1 percent by the end of 2010 as a result of improving economic conditions. Get on board the sleigh, we are positioned for a continued Santa Claus rally.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.