Friends Stocks got off to a good start this morning getting back about 150 early Dow Points from yesterday’s shellacking, fueled by a “successful” auction of 12 month Italian notes and an unemployment claims number of 390,000 which was under the 400,000 number once...
Friends, We wondered why stocks were up yesterday given the turmoil in Italy, but were glad to accept the gains. We paid the price today, as the reality of the situation manifested itself in continuously higher interest rates on Italian debt. This of course, leads to...
Friends, Italian Prime Minister Silvio Berlusconi must not have gotten enough “likes” on his Facebook post yesterday when he indicated he was not stepping down. A day later, and indeed, he is stepping down. Stocks rallied on the news (I am not sure why) as the Dow...
Friends, Stocks finished an up and down day to the upside with the Dow Jones Industrial Average up 85 points for the day to comfortably close back above the 12,000 mark at 12,068. The S&P 500 was up 7.89 points to finish at the 1,261 level. Gold was up more than $7 to...
Friends, The U. S. economy produced 80,000 new jobs in October, but Mr. Market did not seem too impressed. The actual unemployment rate edged down to 9% from the previous 9.1% but the fact remains, unemployment is a huge problem and job creation has been anemic at...
Friends, The first two days of the week, Mr. Market tried to take our October gains away from us. The last two days, he’s decided to give us back a little of that upward momentum. Today’s gains were fueled once again from European news, and specifically news out of...
Friends, The first two days of the week, Mr. Market tried to take our October gains away from us. The last two days, he’s decided to give us back a little of that upward momentum. Today’s gains were fueled once again from European news, and specifically news out of...
Friends Stocks got off to a good start this morning as there was nothing new out of Europe to deter traders from snapping up some bargains from the previous two days’ carnage. Later in the afternoon the Fed statement was released with an indication that GDP growth...
Friends, November got off to a rocky start today as a combination of European news and additional problems with the MF Global unwinding sent stocks lower right from the start. The Dow Jones Industrial Average was down 297 points for the day and the S&P 500 was down 35...
