Friends Headlines and rumors had stocks gyrating back and forth throughout today's trading session, but by the close the bulls were able to scratch out a small gain. It appears, that market participants are reluctant to become more involved with the markets...
Friends The stock market was rocked by news that Greece confirmed that they will not be able to make payment on 1.55 billion euros to the IMF on Tuesday. Those IMF loans were the lifeline that had been cast for these many years, and now it is getting serious. The...
Friends With the historic decisions coming from the Supreme Court of the United States the past couple of days, even Greece seems to have been put on the back burner as the week came to a close. Stocks staggered to early gains only to reverse course midday. The bulls...
Friends Lack of any progress out of Greece (yes, I know you're tired of hearing about Greece, and I'm tired of mentioning it) seemed to weigh on traders as stocks turned early morning gains into afternoon losses. Again, it's not that Greece in itself is that...
Friends Stocks spent the day in negative territory as hope of a Greek debt deal faded early this morning. Comments by Greek officials that their restructuring plan had been rejected should come as no real surprise. As we mentioned yesterday, we were somewhat skeptical...
Friends The markets seemed to be on hold today, well the stock market anyway, as traders seemed mesmerized by the hope that a Greek solution is close at hand. I'm not sure I would want to bet my house on it, but nevertheless. As for today, stocks traded mainly in...
Friends Have I mentioned that the market seems to have case of amnesia from day to day? Market participants apparently are concerned about what might transpire over the weekend with regards to Greece, and to that end they really didn't feel like buying stocks ahead of...
Friends In the aftermath of yesterday's Fed meeting, stocks staged an impressive rally, aided by a strong leading indicators number and hope that the Greece situation might find a solution. Interestingly the CPI number was a little hotter than expected and the weekly...
Friends Traders seemed a bit confused (as per usual) when the FOMC statement came out, as stocks gyrated in every direction for a period of time. But, by the time Chair Yellen began her press conference, market participants decided that buying stocks was the...
Friends A huge jump in housing permits and relative quiet regarding the Greece situation, helped move stocks to the upside, and the bulls were able to hold onto the gains as the trading session came to a close. Today was the first day of the two day FOMC meeting....
Friends As we head into Fed week, Greece stole the headlines as talks broke down over the weekend which led to stocks slumping in early trading. Despite erasing some of the early 180 point Dow loss, stocks never really threatened to go positive and stayed decisively...
Friends What looked like a good week for stocks ended on a sour note, as stocks spent the entire trading session in negative territory. We got a PPI number this morning that was a little hotter than expected, so we can add that to the data points that the FOMC will...
Friends A better than expected retail sales number and a decent jobless claims number helped stocks tack on a hundred point Dow gain in early trading. But negative Greece headlines derailed the rally somewhat as stocks then coasted with modest gains into the close....
Friends Stocks were already enjoying a good morning when a report surfaced that perhaps German Chancellor Angela Merkel might be willing to play nice with Greece and let them gradually adhere to the conditions that Eurozone members want instituted. The result was a...
Friends If you know anyone looking for a job, let them know that the JOLTS (job openings and labor turnover survey) number released today indicated the highest reading since they began measuring job openings back in 2000. That's right, year over year openings are up...
