Historical pattern says the risk of a 2016 bear market is zer

In physics, escape velocity is the minimum speed needed for an object to break free from the gravitational attraction of a massive body. What is the “escape velocity” needed for stocks to break their down trend? Unlike in physics, there is no fail-proof formula for stocks. However, based on history, the S&P 500 just rallied strongly enough to end its ... Read More »

Wall Street higher as manufacturing activity rebounds

Wall Street was slightly higher in choppy trading on Thursday morning as data showed an uptick in US manufacturing activity, but gains were limited by a drop in oil prices. Orders for durable goods rose 4.9 per cent in January, beating the 2.5 per cent estimated, as demand picked up across the board. Crude prices, the major stock market driver ... Read More »

U.S. Stocks Edge Higher

U.S. stocks edged higher Thursday, though losses in energy shares kept the gains in check. The Dow Jones Industrial Average rose 83 points, or 0.5%, to 16568. The S&P 500 gained 0.3%, with all sectors rising except energy, which fell 1.3%. The Nasdaq Composite climbed less than 0.1%. U.S. crude-oil prices fell 0.4% to $32.01 a barrel, giving back prior-day ... Read More »