With the holiday shortened trading week occurring in the last week of November, the S&P 500 Index managed to generate a small 1.05 point gain for the week. This represented the eighth straight week the S&P 500 Index generated a positive weekly return. For investors the fourth quarter is looking like a winning one with both October and November resulting in positive market returns. The question is whether or not the month of December can carry on this favorable trend.
Given the strength of the market this year, there is much discussion about the market trading in bubble territory. A few of the articles in this week's magazine provide links to posts that focus on this bubble discussion. Additionally, most S&P 500 companies, and all of the Dow companies, have reported earnings for the third quarter. Several article links discuss earnings results relative to stock valuations. Below is the link to this week's magazine that provides some thoughts on the first trading week in December.