Friends If you thought yesterday was one for the ages, today was even more amazing. Volatile is not a strong enough term for what happened today. We began the day with a not unexpected snap back rally of over 200 Dow points. As the day progressed, we waited for the...

Friends As I am sure you aware by now, Standard and Poors downgraded U.S. Government debt from AAA to AA+ on Friday evening. This was not unexpected, but the emotional effect will be manifested in stock prices this morning. In Europe, the ECB is buying Spanish and...

Friends Today was what fear and panic look like in the markets. It was very reminiscent of late 2008 and early 2009. The market opened down more than 250 Dow points and pretty much fell all day long. The downgrade of U. S. Debt was the headliner of course, but...

Friends For those who were not able to listen in on the call yesterday, let’s first go over what happened yesterday. Simply put, the already soft market was given an additional jolt from the confusion in Europe. The ECB seems not to have a handle on what to do with...

Friends After breaking through a major support level on the S&P 500 early this morning, stocks plummeted over 150 Dow points only to recover late in the day to end the day up 29 points. You need motion sickness pills to stomach the wild gyrations we are seeing these...

Friends As you have most likely heard, there has been a tentative agreement on the debt ceiling that should be voted on today. If passed (and it is not a done deal), one could at least say that it is a start. At least we have entered the discussion that deficit...

Friends Quite a roller coaster ride for stocks today. After the Dow opened more than 150 points to the upside, stocks quickly plummeted more than 300 points leaving the average down more than 150 points. As the trading day came to a close, it looks more likely that...