The Fundamental Things Apply

As we look to 2014, many are reflecting on a very strong year for domestic stock markets. However, a key component that is missed by many investors and the media alike is the failure to appreciate how much (or rather how little) of that rally has been justified by an improvement in underlying fundamentals. As […]

Stocks start 2011 strong but with no “January Effect”!

Last month, the Russell 2000 index of small cap stocks fell 0.3%, while the S&P 500 presented a positive 2.3%, making 2011 the 17th year since 1925 that small cap stocks fell behind the large cap stocks in January. Will the old adage go that if large cap stocks beat small cap stocks in January, the trend will continue for the year?