Quiet Ending to the Week

Quiet Ending to the Week

Friends The non-farm payroll number released this morning came in slightly better than economists had been forecasting (103,000 new jobs) but not enough to make a dent in the unemployment rate which remained at 9.1%. After a volatile week, stocks reacted somewhat...

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Quiet Ending to the Week

Loss of an Icon

Friends We lost a true American icon yesterday with the death of Steve Jobs, the leader and face of Apple. His unique vision and ability to shape the future lands him among the great icons of American history. His company will go on, but it remains to be seen if he is...

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Quiet Ending to the Week

Beware of Labels

Friends Beware of labels. This morning stocks fell into “bear market” territory on the S&P 500 (down more than 20% from the top) only to rally to the plus side by midday. As the afternoon wore on, stocks fell again as delays in the “Greece” situation and little news...

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Quiet Ending to the Week

October Begins Like September Ends

Friends The lingering effects of the 3rd quarter seemed to dominate trading today as stocks shrugged off decent ISM manufacturing and construction spending numbers and spent the day in negative territory. The Dow Jones Industrial Average was down 258 points and the...

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