Of New Year’s Forward

By Lewis J. Walker, CFP® In his hit song, “1999,” Prince sang, “Yeah, they say two thousand zero zero, Party over, oops out of time, So tonight I’m gonna party like it’s 1999.” As we approached 2000, the last year of the second millennium, do you remember the spreading fear over Y2K? Dr. Ed Yardeni, the highly respected…

A Santa Claus Rally?

By LewisJ. Walker, CFP® In a recent column we cautioned against using the calendar as a predictor of stock market performance. We cited skepticism about market performance in September and October, two months with bad karma based on some notable past setbacks. But this year there was no “September massacre” and the S&P 500 Index (SPX) rose 8.3% in October.…