Friends The interpretation that good news is really bad news continued today, as stocks sold off early and often. Consternation continued that the Fed may not be willing to provide more liquidity (punch for the punch bowl) and in the first hour of trading the Dow...

Friends Here we go again. I’ll try to explain how this works. The minutes released today from the Fed meetings last month indicate that Fed governors are feeling just a little better about the recovery of this economy. That’s good news right? Well, not necessarily,...

Friends After a very good first quarter, stocks resumed their rise today. After an early morning 50 point dip in the Dow Jones Industrial Average, stocks staged a reversal and by midday were comfortably in positive territory. The last three hours of trading provided...