The market's powerful final-four-month run saved what was shaping up to be a lousy year for stocks. But after a year-end rally and the strongest December in almost 20 years, the stock market put up double-digit percent gains in 2010. That it did so in gut-wrenching fashion came as no surprise to Teddy Weisberg, founder of Seaport Securities -- and he expects more of the same in the new year.

The veteran NYSE floor trader divines three important lessons from the markets in 2010 that should serve as guideposts for 2011. First, the rise of high-frequency trading is ushering in a new, more violent kind of volatility, Weisberg says. Just witness the infamous Flash Crash of early May, which wiped more than a thousand points off the Dow in a matter of minutes before the market snapped back. That's neither bullish nor bearish for equities, Weisberg notes, but it means we'd all best stay frosty.

Second, the market likes the new balance-of-power arrangement in Washington, he says. Look no farther than the compromise to extend the Bush-era tax cuts. The Federal Reserve's money-printing policies are also to the market's liking, Weisberg says. Expect more of the same.

But most important -- and most bullish -- was a decisive, if subtle, shift in sentiment. Says Weisberg: "2010 was the year the market stopped seeing the future as a glass that's half empty and started seeing it as half full."

For more on Weisberg's take from the floor of the New York Stock Exchange (NYX), see the video above.

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time1910

listen to ted

January 04 2011 at 5:56 AM Report abuse +1 rate up rate down Reply
Sam Das

How about making a cocktail of Vodoo economy with rising oil prices and get high on fumes...It seems that is all wall street is doing..Oil pricises noing North, Unemployment going North and Markets going North only possible in fuzzy math. Enjoy while it lasts.

January 03 2011 at 2:59 AM Report abuse +1 rate up rate down Reply
Robert & Lisa

Gold is up over 500% in less than 10 years and silver is up 720% in the same time period. 110% in the last year alone. Why is no one recognizing the one man who predicted these things correctly? Does anyone seriously think precious metals won't be up at least 50% in the next year since evil, ultra rich man George Soros's puppets are still in the white house and senate.

January 01 2011 at 10:12 AM Report abuse +3 rate up rate down Reply
1 reply to Robert & Lisa's comment
skullcrusherst

the market is a joke this next year will be the death of millions and the death of the constitution and globalist control no new jobs the higher gas prices will kill those before they get off the ground so listen to bull and stare at the t.v and giggle your way to a long dirt nap grasshopper they laughed at noah but theres a shite clowd commin !!!! and you will get wet

December 31 2010 at 3:08 PM Report abuse +2 rate up rate down Reply
as2010isover

oh yes, the market will keep the ponzi scheme going while hussein obama keeps destroying america until we have a total collapse before 2012

December 31 2010 at 2:04 PM Report abuse +1 rate up rate down Reply
as2010isover

oh yes, the market will keep the ponzi scheme going while hussein obama keeps destroying america until we have a total collapse before 2012

December 31 2010 at 2:04 PM Report abuse +2 rate up rate down Reply
Sonny

Don't you feel much better now? The pundits/advocates have spoken and they say,"It is all clear sailing for the stock market now and that it is safe to put your money in". This is BS garbage and anyone who invests in this market deserves whatever they get...............it won't be good!

December 31 2010 at 9:17 AM Report abuse +6 rate up rate down Reply