Friends Stocks finished the month with a volatile day of trading. The Dow was down well over 100 points in early trading, fueled by a weak Chicago PMI number and a lukewarm consumer confidence number, but rallied back to even by late midday. As the afternoon wore on...
Friends Another triple digit day and for the third day in a row to the upside. Once again, the day was filled with Fed Governors attempting to put the Genie back in the bottle from last week’s FOMC meeting. So far, despite the bond market’s jitters, stock traders...
Friends Traders shook off the disappointing 2nd revision to 1st quarter GDP, and sent stocks higher today for a second day in a row of triple digit gains for the averages. After yesterday’s bevy of good economic numbers, today’s GDP revision seemed to be “old news” at...
Friends Today was a good day for the bulls. Nearly every trading session over the past three weeks has produced a triple digit move in the Dow, and today was no exception. Fueled by some very good economic news including a much better than expected consumer confidence...
Friends As we alluded to last week, we have now seemed to enter the adjustment phase as it pertains to the Fed and monetary policy. Just the hint that the Federal Reserve may begin to take the punch bowl away sooner than later has sent the bond and stock market into...
Friends It was quite an active week, wasn’t it? After gaining a couple hundred Dow points on Monday and Tuesday, stocks sank 550 Dow points on Wednesday and Thursday. It seemed traders couldn’t decide which way to go for most of the day today, as stocks waffled back...
Friends I think we have our answer. For anyone who wondered just why stocks have been rising for the past 6 months, we got our definitive answer over the past two trading sessions. Stocks were going up because of easy money. End of story. The minute there is even a...
Friends I am sure the Federal Reserve Chairman is a very nice guy. I also applaud his attempt to continuously explain Fed policy to the public and not be as “cloak and dagger” as his predecessors. The problem with Dr. Bernanke and his fellow Fed Governors is that they...
Friends Wow, the bulls seem pretty confident that Dr. Bernanke is not going to rain on their parade tomorrow. Stocks climbed all day as the bears just seemed to disappear. Today marks the sixth day in a row of more than a 100 point move in the Dow. Once again, traders...
Friends Call it the case of the battling financial news organizations. After a Wall Street Journal columnist hinted that the message from this week’s Fed meeting will be that Dr. Bernanke and crew will not be hasty in taking the punch bowl away (which led to a hefty...
Friends The volatility continues as does the string of down weeks, as stocks could not build on yesterday’s gains and spent almost the entire day in negative territory. A little hotter than expected Producer Price Index may have stoked the fire, but yesterday’s up...
Friends Wow, volatility is back indeed. After horrendous overnight trading in Japan, futures indicated early this morning that we might be in for an ugly day for the bulls. But decent economic news, including a solid retail sales number and another decent weekly...
Friends Yes indeed, volatility has returned. Trading in stocks lately is beginning to bring back memories of 2011. Today, we began with a 100 plus point move up in the Dow (for no particular reason), but by late morning the gains had evaporated, and selling persisted...
Friends Today’s trading had a bit of a chicken and egg feel to it. First of all, we will acknowledge that overnight trading in Asian and European markets was extremely negative, and the mess that is Japan continues to send conflicting signals, but stocks for the past...
Friends As market participants spent most of the day waiting for Apple to introduce its new operating system (and early reviews are that IOS 7 looks pretty cool), stocks drifted aimlessly throughout the trading session. After last week’s volatility, traders seemed...
