Stocks are up with Halloween fast approaching. Investors should certainly be content that the month of October has been nothing short of a financial ‘treat’ thus far. The broad equity indexes were higher for the seventh week out of the past eight, with earnings reports helping drive prices higher. Bulls continue to feel that the economy is beginning to improve …
Pop Goes the Nasdaq
There certainly was a huge dichotomy when it came to the equity markets this past week, as on the one hand we had outstanding results for some of the big technology names, while on the other hand, we had the stagnation of the big banks thanks to new worries surrounding the mortgage foreclosure proceedings. Strong earnings from Google gave a …
The Good Times Keep Rolling
Even with the disappointing jobs report this past Friday, the good times just keeps on coming for equity investors, as all the major indexes finished in the black for the first full trading week of October. It was a week where we saw declines in both government jobs and private sector jobs, yet a week where we also witnessed the …
The 401k Plan Beneficiary Payout Issue
How does your 401k plan dictate beneficiary payouts? Some retirees have chosen to leave their retirement assets sitting in their 401k plans instead of rolling it over to an IRA once they retire. However, most retirees aren’t aware of their former Employers policies and procedures in regards to beneficiary payouts. Some companies may allow the beneficiary account to remain within …
A Sizzling September
The temperatures in Alabama weren’t the only thing that was hot during the notoriously scary month of September, as equities posted their best September in nearly 71 years. Much of the strength came during the second half of the month on better-than-expected economic news which beat back worries about a double dip recession. With an unexpected drop in initial jobless …