December 29, 2003 - USAToday - Nasdaq tops 2000 for first time in 2 years
In fact, the Nasdaq has struggled before to stay above 2000. Its first foray above in July 1998 lasted only three days and was followed by a 29% slide. Five of the 10 times it has broken above 2000, the Nasdaq has dropped back and 15 days later was down more than 5% on average, says Gibbons Burke, editor of MarketHistory.com.
That's why Burke warns investors shouldn't assume all is clear for the Nasdaq again just because it finally closed above 2000. "You can't always say it's bullish or say it's bearish," he says.
[Read more...] [Original Article] [
USAToday-20031229.pdf]
December 23, 2003 - Chicago Tribune: Investors take liking to orangeThe benchmark Standard & Poor's 500 index jumped 3.5 percent after an orange alert was issued on March 17, just before the U.S.-led invasion of Iraq. Mid-March was the beginning of the 2003 stock market rally.
On May 20, the last orange alert, the S&P 500 index slipped 0.1 percent but advanced for the next five days.
Indeed, market researcher William Noble of MarketHistory.com calculated that more than half of this year's gain in the S&P 500--not counting Monday's advance--occurred during orange-alert periods.
An even greater proportion--nearly 70 percent--of the 2003 rally in retailing stocks can be pegged to orange alerts, Noble found. The S&P index of department store stocks was up slightly Monday.
On the flip side, stocks of defense contractors and biotech firms, which are believed to benefit from terrorism fears, did relatively poorly during periods of heightened alerts, Noble reported.
[Read more...] [Original Article] [ ChicagoTribune-20031223.pdf]
December 15, 2003 - StocksView: Slumping dollar, rising stocks: What gives?Gibbons Burke of Markethistory.com, who tracks correlations between markets, agrees that the falling dollar hasn't usually derailed stock market rallies. Indeed, he says, the evidence appears to go the other way -- the stock market tends to lead the dollar: Rising equity prices tend to boost the currency.
"If that relationship holds true," he said, "then the bullishness in stocks eventually would put the brakes on the dollar's slide."
[Read more...] [Original Story] [ REUTERS20031212.pdf]
October 1, 2003 - Despite selling, stocks' recovery looks on trackThe Nasdaq has put together its longest string of quarterly gains since the bull market ended, MarketHistory.com says. The third quarter also marked the first time in more than four years that all three indexes posted back-to-back up quarters, a sign of broad market strength.
[Original Article] [ USAToday-20031001.pdf]
September 4, 2003 - Reuters - Techs Drive Nasdaq to 7th Up DayThe Nasdaq Composite Index has risen in seven straight sessions for the first time since Feb. 8, 2000, according to MarketHistory.com. The broader Standard & Poor's 500 index has notched gains eight sessions in a row for the first time since March 21, 2003.
[Read more...] [Original Story] [ REUTERS-20030904.pdf]
