'Tis The Season Of Joy And Reflection - Weekly Blog #920

Mike Lipper, CFA 1.18K Follower s Follow 5 Share Save Play ( 6min ) Comments Summary The first three trading days of last week showed more losses than gains. The last two days generated advances that more than made up for the earlier losses. For the week there was a slight gain, leaving the three main stock market indices less than 3% from record levels. Looking at the week as a whole, 50.8% fell on the NYSE and 60.1% fell on the NASDAQ. On the “Big Board,” there were 233 new highs vs. 198 new lows, while on NASDAQ, new lows were the majority - 554 new lows vs. 352 new highs. In looking at the long term, we expect stock prices to be cyclical, with some down periods. FG Trade/E+ via Getty Images The Season Around the world, families and friends gather to exchange holiday wishes with those who are close to us, either in person or through electronic devices. We express feelings of goodwill, with the hope that all are This article was written by Mike Lipper, CFA 1.18K Follower s Follow A. Michael Lipper is a CFA charterholder and the president of Lipper Advisory Services, Inc., a firm providing money management services for wealthy families, retirement plans and charitable organizations. A former president of the New York Society of Security Analysts, Mike Lipper created the Lipper Growth Fund Index, the first of today’s global array of Lipper Indexes, Averages and performance analyses for mutual funds. After selling his company to Reuters in 1998, Mike has focused his energies on managing the investments of his clients and his family. His first book, MONEY WISE: How to Create, Grow and Preserve Your Wealth (St. Martin's Press) was published in September, 2008. Mike’s unique perspectives on world markets and their implications have been posted weekly at Mike Lipper’s Blog since August, 2008.

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