What should investors make of Monday’s stock market bounce? Nicholas Colas interprets the numbers for MarketWatch • This is no time to “time” the market. Leading investment firms provide charts that can save investors from making a costly mistake • The IRS is warning taxpayers against “smishing”. They describe how to avoid it and how to report these texting scams.

The Latest Advance For Stocks Could Signal More Pain Ahead For Markets — U.S. stocks kicked off the fourth quarter with sharp gains as the Dow Jones Industrial Average DJIA,  headed for its biggest two-day rally in more than 2½ years. But as tempting as it might be to call a bottom in stocks, Nicholas Colas, co-founder of DataTrek Research, said Tuesday that investors should brace for more carnage in the near term. Read more…

Tempted To Time The Market? Look At These Charts First — When stocks plunge, it’s tempting to do something, anything, to regain control of your financial picture. But the odds are that jumping in and out of the market will only hurt your portfolio in the long run. Read more…

IRS Reports Significant Increase In Texting Scams — So far in 2022, the IRS has identified and reported thousands of fraudulent domains tied to multiple MMS/SMS/text scams (known as smishing) targeting taxpayers. In recent months, and especially in the last few weeks, IRS-themed smishing has increased exponentially. Read more…

 

John R. Day, Bill Ennis, and Matt Heller

Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.