Friends May is finally over, and it was not a good one for stocks or commodities. With the domestic economic numbers definitely slowing somewhat, coupled with the continuing drain that is the European dilemma, investors have chosen to accept zero interest rates...
Friends Stocks gave back all of yesterday’s gains and then some today. Worries over Spain and Italy’s bond yields, and the Eurozone in general, sent the Euro tumbling, which sent yields on the 10 year treasury note to an all-time low as investors continue to head for...
Friends Even with the continued concerns that Greece’s days in the Eurozone may be coming to an end, and the continued problems in Spain and Spanish banks, stocks staged a rather surprising rally today. Like a fighter who can take punch after punch, stocks shrugged...
Friends Buyers of stocks got an early start to the Memorial Day holiday. As we suspected, participation was very light today and of course that allows markets to be pushed around rather easily. Add to that, that we are on a Greece death watch, and traders decided that...
Friends Should I stay or should I go? 30 years ago, the English punk rock group “The Clash” asked this very question in the form of a song. Today, leaders in Greece are pondering the question as it pertains to being part of the Eurozone. And we wait, and wait, and...
Friends As traders waited for European leaders to finish dinner and come out and tell us how they are going to save Greece and the Eurozone, stocks sold off hard all day long with the Dow Jones Industrial Average down nearly 200 points by midday. But as the last hour...
Friends Stocks were quietly trying to digest yesterday’s gains in the first half hour of trading, when at 9:00 we got a solid existing home sales report. The bulls jumped on the good news and drove stocks nicely into positive territory. But after hanging on to a nice...
Friends Despite the continued disappointment in the Facebook IPO (more about that in a moment) stocks staged their first real rally in weeks. On a technical basis we have been in an oversold situation for days, so a little bounce here is not a real surprise, but it is...
Friends Today is Facebook Day. The business channels as well as the general media are droning on incessantly about the IPO (Initial Public Offering) of the social media company that begins trading this morning. My thoughts on Facebook are as follows. First, it is one...
Friends Well, Facebook day was a major disappointment. There was a technical glitch on NASDAQ which resulted in a 45 minute delay in opening the stock and then traders could not get fill reports on what they paid for buy orders or what they received for sell orders....
