Quiet Columbus Day Rally

Quiet Columbus Day Rally

Friends As we delve into earnings week (and this week we will see multiple banks reporting) stocks continue to climb. Not that there was much to talk about today, as the bond market was closed for Columbus Day. Nevertheless share prices ended higher and kept the bulls...

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Quiet Columbus Day Rally

Finishing Up A Good Week For The Bulls

Friends The markets showed very little life today as traders seemed mostly uninterested in participating in the proceedings. Once again, this was a week somewhat void of economic news, and earnings season doesn’t really kick into high gear until next week. The bulls...

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Quiet Columbus Day Rally

Another Unexpected Positive Day

Friends As the free for all in the House of Representatives for speaker of the house (seems like no one wants it) captured the headlines today, the bulls decided to step in and do a little stock buying this afternoon. Things were quiet up until the release of recent...

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Quiet Columbus Day Rally

Rally Continues To Confound

Friends After an initial, somewhat tasty advance in early morning trading, stocks seesawed back and forth today until the bulls decided to take the reins and propel us into decisively positive territory in the last hour of trading. Once again it was a somewhat slow...

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Quiet Columbus Day Rally

Stocks Digest Recent Gains

Friends The stock market took a bit of a breather today after the extraordinary and unexpected advance that we had seen since Friday morning. Earnings season has begun, with the likes of Pepsi beating lowered expectations, but the week will be a quiet one on the...

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Quiet Columbus Day Rally

The Confusing Rally

Friends As the never ending list of negative pundits endeavor to explain just what is going on in the stock market since Friday morning, stocks just keep pushing higher (as measured by the Dow, stocks have climbed more than 750 points since the Friday morning low). Is...

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Quiet Columbus Day Rally

Stocks Rally On Lousy Jobs Report?

Friends What a crazy day in the markets. First, let’s begin with the jobs report. Let’s just say, it wasn’t good. Only 142,000 new jobs were created in September and the August number was revised downward too. Average hourly earnings were flat, and the unemployment...

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Quiet Columbus Day Rally

New Quarter/Same Action

Friends The first trading session of the new quarter resembled what we have seen for a good portion of the year. Intra-day volatility was back on display, as an up opening quickly turned into a more than 200 point drop in the Dow. As the trading session wore on stocks...

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