The Killen Group

Last May, after the “Flash Crash,” we cautioned that the stock market was entering a period of correction and consolidation after a thirteen-month advance. Although we were unable to determine the duration of this market phase, we did say that the consolidation would most likely end with a positive outcome, another “leg” to the cyclical Read more »

After last year’s dynamic rally, early this past spring it appears that investors believed that stock prices had become fairly priced relative to their near-term earnings prospects and prevailing economic uncertainties. In fact, each of the major indices (the DJIA, S&P 500, NASDAQ and Russell 2000) peaked on the same day, April 26th, and have Read more »

Over six weeks have passed since May 6th, the day of the “flash crash” that gave investors one more reason not to own stocks. During this time period, the stock market, in terms of the Dow Jones Industrial Average (DJIA), has traded as high as 10,920 (5/13/10) and as low as 9,757 (6/8/10) on an Read more »

Last week’s bizarre trading activity made for exciting media coverage, but it said more about present day trading techniques than it did about the health of the economy or the intrinsic value of stocks. While the Congressional hearings that began yesterday to determine whether it was a “fat finger,” bad software, or structural problem within Read more »