The Wall Street Traffic Light

....is currently Red.

Wall Street Traffic Light

Mark your calendar for the next update: February 28, 2010 (3:00pm CST).

2010 Stock Market

Stinks right now. 

On the plus side, I now have 50 shares of Berkshire B stock.  Buffet says it's 'undervalued'.

http://www.cnbc.com/id/19206666/

2010 Stock Market - 11 Jan ~ Futures are Up

The market is set to go higher today.

10,618.19 +11.33 / +0.11%

Jan 8 4:01pm ET †

Open: 10,606.40

High (day): 10,619.40

Low (day): 10,554.33

YTD%Change: 1.82%

Volume: 172,712,171.00

Prev. Close: 10,618.19

52-Week Range (Low - High): 6,469.95 - 10,619.40

Dow Jones Industrial Average, DJI, DJIA - CNNMoney.com

Dow Jones Industrial Average, DJI, DJIA - CNNMoney.com: "Dow Jones Industrial Average
10,572.02-11.94 / -0.11%

Jan 5
Open:10,574.06
High (day):10,647.14
Low (day):10,468.86
YTD%Change:1.38%
Volume:188,525,400.00
Prev. Close:10,583.96
52-Week Range (Low - High):6,469.95 - 10,604.97"

Good 2010 Opening Day on the Market

Yesterday the Dow began new decade at the 10,428 level. If you want to know the 30 companies that comprise the DJIA click here.

I'm an optimist. Maybe the Dow will get to 1200 this year.

2010 Stock Market

In 2009, the S&P 500 gained 23.4%, the Dow industrials gained 18.8% and the Nasdaq added 44%.

Let's see what 2010 brings. I adjusted my portfolio by selling some dogs prior to the new year.

If some of your holdings lost value in 2009, sell them by the end of the year and use the loss amount as a deduction. It first must be offset any gains you had, but excess losses up to $3,000 can be used to reduce your ordinary income so that there will be less for Uncle Sam to tax. If you have more than three grand in losses, first find a new investment advisor, then keep track of the losses as you can continue to use them up each tax year in $3,000 increments until the losses are exhausted.

What if you have gains? Although the lower capital gains rates are scheduled to remain in effect through 2010, some folks fear that the huge federal deficit might prompt Congress to up the rates sooner. If you’re worried about that, you might want to take your gains now while you’re assured they’ll be taxed at, for most folks, 15 percent.