5th Anniversary for the Dow

5th Anniversary for the Dow

Friends Even though trading was very light, it was a somewhat messy day for stocks. After a very short-lived rally in the first hour of trading, stocks spent the rest of the day in negative territory. The visual of German Chancellor Angela Merkel in Greece, with...

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5th Anniversary for the Dow

Happy Columbus Day

Friends Oh well, just another down Monday, after finally breaking the trend last week. On this quiet Columbus Day, trading was light and volatility was modest. Tomorrow, after the close, Alcoa kicks off earnings season. We are curious to see how stocks react after...

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5th Anniversary for the Dow

Good Jobs Report/Disappointing Response

Friends When all was said and done, this was a very good week on the domestic economic front as we got good news on the manufacturing and service sectors, housing and finally this morning on jobs. Yes, even though we only got 114,000 new jobs created last month...

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5th Anniversary for the Dow

Improving Economic News?

Friends Regardless of the stock markets confusion this week, the news on the domestic economic front has been pretty darn good. On Monday we had a better than expected ISM manufacturing number and today we got a better than expected ISM non-manufacturing (service...

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5th Anniversary for the Dow

Trader Confusion

Friends Traders seem a bit confused as the 4th quarter begins, and who can blame them. We came out of the shoot yesterday with a bang only to falter into the close. Today we basically were trying to give back yesterday’s gains, but a late day rally helped limit the...

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5th Anniversary for the Dow

Well This Is New

Friends How about that! We actually had an up day on a Monday. Maybe we have broken the trend of down Mondays that we experienced all summer. Now if you were watching this thing all day long you may have gotten a feeling that it was really a negative day. That’s...

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