We do not detect extreme optimism (actually it is still quite the opposite), and as the famous investor Sir John Templeton once described, "bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria." Click the link below to read...
Friends As the financial news networks were preoccupied with the goings on at JC Penny, traders decided by midday that stocks weren’t going to get any cheaper so they decided to put on their buying cap. With no real news to distract them, investors seemed to want to...
Friends The stock market showed a lot of resilience today. After a 50 point drop in early morning trading in the Dow, stocks rallied in the afternoon to post gains by the close. Without much news to trade on, investors seemed uninterested as the day began, but became...
Friends Well, the non-farm payroll number that we received this morning was dreadful. Remember, the markets were expecting somewhere around 200,000 new jobs to have been created in March, but the number came in at only 88,000. Yes, both the January and February...
Friends Once again, we continue the pattern of one day up and then the next day down. This week we have seen a down Monday followed by an up Tuesday, a down Wednesday and today an up Thursday. Underneath the seesawing action, though, we have seen some deterioration in...
Friends Stocks had a lot of headwinds to deal with today, beginning with the weaker than expected ADP private sector job report. The market had been looking for about 170,000 new jobs created in March (some estimates were as high as 240,000), but the report indicated...
Friends For the first time in a while we had a down day on the first day of a quarter. Fueled by a weak ISM Manufacturing Index number and weak numbers out of China, traders set the negative tone early and stocks remained in negative territory all day long....
