November has been yet another volatile month for stocks, with some of October’s gains erased by several consecutive negative days for the Dow. Concerns in the Euro-zone continued, with the focus shifting from Greece to Italy. The lack of a debt panel compromise in Congress has also rattled markets. This week is off to a great start so far, with Black Friday numbers exceeding expectations and sparking a nearly three hundred-point gain yesterday.
So what can we expect to end the year? Unfortunately, more volatile trading is likely. Most of the concerns that plague us now will remain an issue for the remainder of 2011 and into 2012.
December is always a good time for investors to review their holdings and see where they stand heading into the New Year. Reviewing potential strategies for harvesting capital gains or losses with your accountant or tax preparer is also a good idea to see if there are opportunities.
We have seen the market go through upswings and downswings this year, followed by more of the same cycle. December is likely to bring more of the same, but is a great time to review your strategy with your Wealth Manager or Financial Advisor to make sure you are still on the right path for 2012.