The Tuesday Morning Stock-Market Minute

It's time for my weekly update on the stock market, as viewed by the authors of  several publications that I purchased myself at great expense.

• "Many leaders have been consolidating normally in recent weeks, while the market averages have shown sporadic selling. Even though the Nasdaq has as many as four distribution days in the past four weeks, only the Dec. 7 sell-off packed a sizable point loss and heavy volume." [Investor's Business Daily]
• "The outlook for the economy . . . appears sound enough for the stock market to hold its own in 2005, barring any setbacks overseas, most notably with respect to the fighting in Iraq or the war on terrorism." [The Value Line Investment Survey]
• "[T]ech sectors and resource sectors may be easing up in relative strength, particularly if the dollar stays in a range in coming weeks. Investors may want to begin switching out of HHH and software and into managed care and [consumer] staples." [Mark Boucher of TradingMarkets.com]

What's the Schaeffer Fund up to these days? It's undergoing a partial liquidation in order to buy Christmas gifts. No matter what holiday you're celebrating, however, please keep the following in mind: if you're getting your stock tips here, you've got much bigger problems than what to buy for Mom and Dad.