Snapping a six-day losing streak, the Dow Jones average edged a point and a half higher yesterday, closing at 2,865.38.
Despite a recent downhill market, the Dow still stands 232 points, or nine percent, above its New Year's Day level.
MARKET WATCH: "We have the strongest buy signal since October-January! It's always been profitable to buy when our indicators reached current levels." (Crawford Perspectives) . . . "On Nov. 14 my analysis indicated an intermediate top (one day before the 120-point drop.) We'll now fall below DJ 2,700; don't buy on dips." (Paradigm Opinion) . . . "Circle on your calendar for Friday, Dec. 13; that's when the CPI [Consumer Price Index] inflation number will be out, likely to show a surprising rise. Avoid long bonds and stocks." (Arie Vilner's Rational Investment Outlook.) . . . "Even with no further gains, 1991 will be an excellent mutual fund year. The primary bull market is intact." (Mutual Fund Forecaster)
HOPEFULLY HELPFUL: How should you handle your money next year? Your Money, (January) runs a cover story, "How You Can Profit in 1992." Partial summary: (1) Pay off non-deductible debts. ("With yields of CDs, etc., at their lowest in a decade, dip into your safety cushion to eliminate credit card debts and consumer loans.") (2) Stop making loans to Uncle Sam. ("If you get a big tax refund every year, you're giving the U.S. interest-free loans. Estimate your 1992 tax bill now and adjust exemptions so you don't overpay.") (3) Use caution when reinvesting for high returns. ("With savings rates low, many new investments are being trotted out and it's easy to be talked into something that offers twice what you're getting. Make sure you understand the risk.")