THOR’s Market Update December 18, 2008
“Oft expectation fails, and most oft where most it promises; and oft it hits where hope is coldest; and despair most sits.” – William Shakespeare In less than a decade, the University of Cincinnati Bearcats transformed their football team from disregard into the Big East champions in 2008. Their success may have caught some by […]
THOR’s Market Update November 18, 2008
We are in a historically unprecedented time for both the stock and bond markets. The Bad & the Ugly October was the most volatile month in the S&P 500 Index’s 80-year history. Retail sales fell a record 2.8% in October (only 0.5% when auto and gas sales are excluded) – the fourth month in a […]
THOR’s Market Update October 31, 2008
We are sure that you are just as happy to see this month end as we are relative to the performance of the stock market. This October was one of the worst months in the history of the stock market. The severe crisis in financials, the drop in consumer confidence and the upcoming election made […]
THOR’s Market Update October 24, 2008
When you woke up this morning, you were probably as shocked as we were to see the market futures down so much. Earnings of consumer companies in Japan – Samsung and Sony – created a fall in the overseas markets that has spread throughout the globe. More importantly, we are still seeing some forced selling […]
THOR’s Market Update October 15, 2008
Reality vs. Panic Over the past few weeks, we have seen the market go from panic mode to relief mode back to panic mode. During this time, we have experienced both the worst point drop in history and highest point gain in history. We have not seen this level of distress from investors since the […]
THOR’s Market Update October 1, 2008
In the past two weeks, uncertainty and fear have reverberated through the markets. We have received a significant number of calls from our clients expressing concern about the safety of their money, especially as it relates to money market funds. While there is no way to know how the market will fluctuate going forward, rest […]
THOR’s Market Update September 17, 2008
Be careful what you ask for!!! Most everyone except those hiding under a rock for the past couple of days are aware that world markets have been roiled by the news of the bankruptcy of Lehman Bros., the sale of Merrill Lynch to Bank of America and insurance giant AIG’s need for a large infusion […]
THOR’s Market Update September 2, 2008
Weathering the Markets Earlier this year, forecasters proclaimed the 2008 hurricane season would be “well above average” in terms of ferocity. While the beginning of the season has been relatively mild, multiple storm systems have begun their formation. The most recent system, Hurricane Gustav, began generating tremendous power as it approached Louisiana, inciting fear and […]
THOR’s Market Update August 15, 2008
Inflation / Commodities Many people are comparing today’s economy to the economy of the late 70’s because of the run-up in oil prices. Some people think that inflation will come roaring back like it did in the 70’s. There is one big difference, however, between today’s economy and the one that existed in the late […]
2008 Oil Crisis: Understanding the Reality behind the Madness Presented by THOR Investment Management, Inc.
Many news articles in the past few months have tried to pinpoint one exact reason for oil’s price climb. Unfortunately, one reason does not fully explain the problem. There are several causes, many of which have been working in unison, that have led to the stark increase in oil prices. Investigating several catalysts for oil’s […]