November 2017 Market Update


October turned out to be another positive month for the stock market. The Dow Jones Industrial Average led the way with a 4.17% growth rate. The weakest performer of the indexes we follow was the Russell 2000 (small company stocks) and it still turned in a respectable 0.47% return for the month. With the indexes all up in double digits this year, those of us who have been poised for a market decline have been surprised. Even while the price to earnings ratio of the overall market is hovering at record highs, individual companies keep growing their earnings, so investors continue to push prices higher. All three of our indicators (short, intermediate and long term) are showing positive at this point, so we will remain mostly invested until one or more of them turn negative.