Friends The amnesia market strikes again, as everything that seemed out of kilter yesterday, reversed itself today. Bonds rallied (rates dropped), oil prices fell, the dollar rallied and finally stocks rallied. Sentiment seems to change on a daily basis, but overall...

Friends Stocks were already having a difficult morning having reversed early gains and fallen into negative territory, when Fed Chair Yellen in a Q&A session commented that stocks are a bit pricy. She then qualified that statement by adding that the low level of...

Friends That calm Monday that we had yesterday turned into a tumultuous Tuesday, as market participants decided that today was a day to sell. As we have pointed out for most of the year, the market seems to have amnesia from day to day and this week is shaping up no...

Friends After last week's volatility, especially Thursday and Friday, today's action was on the quiet side. Stocks had an upward bias at the opening and were able to hold onto the gains as the session wore on. By the close, the Dow Jones Industrial Average was up 46...

Friends Market participants have short memories from day to day. Yesterday looked like the start of something not so pleasant, but as we kicked off May, the bulls were right back at it. The amnesia effect. Stocks rallied right from the opening and held their gains for...