Friends Thanks for all who participated in our call today. I hope we were able to shed some light on the market action in October. Indeed, despite the last couple of sessions it was a difficult month for stocks. Does the positive action over the last two days mean...
Friends How about that? A big up day for the bulls. Now the test will be can they post some gains tomorrow and put 2 up days together. We've talked about vicious rallies that accompany pullbacks/corrections/bear markets. What we need to see before getting excited, is...
Friends We had 2 large investment banks dueling it out today with Goldman Sachs commenting that the October sell off has been overdone and that we should recover some of the losses by year end. Taking an opposite view was Morgan Stanley who suggests that the October...
Friends Stocks once again were under heavy selling pressure this morning with the S&P 500 falling into correction territory (correction territory is defined by a 10% or more decline from the highs). Earnings disappointments from the likes of Amazon and Google...
Friends Down 600 points one day. Up 400 points the next day. You might wonder what is the difference between yesterday and today in terms of market moves. Well, nothing really. This is how corrections/disruptions/even bear markets play out. Declines are quick and...
Friends Checking in again from the road. As we mentioned, we're likely not done with the volatility, and the ever increasing tensions on the political landscape aren't helping. For the day, the Dow Jones Industrial Average was down 608 points to finish the day at...
Friends Checking in from the road. Stocks had a very volatile trading session today. After being down more than 550 Dow points, stocks rallied back throughout the afternoon to post more modest losses. Earnings have been ok, but as we worried, companies are speaking...
Friends Before I get into today's remarkable rally, I first want you to know that I will be out of the office for the next week and a half. My wife and I are off to celebrate my 60th birthday next week (we tried this 10 years ago for the big 50 and I had to bail...
Friends Stocks made several attempts to add to Friday's modest recovery, but in the last half hour the bears got the upper hand. The Dow had been up more than 100 points early in the afternoon before wilting, but you could feel the sense of caution among market...
Friends The volatility continues as an early morning 400 Dow point rally was quickly erased by midday. But, as the afternoon wore on, those who "needed" to sell apparently were able to do so during the morning rally, as stocks climbed higher in the last hour of...
Friends It was another crazy day of trading, similar to what we saw in February and other recent pullbacks. Stocks dropped 500 Dow points, rallied back to positive territory, then tumbled 700 points, rallied back about 500 points to set up a final swoosh down into...
“as investors it is more important to learn the lesson of how to manage emotions in difficult times than it is to worry about trying to predict what the next challenge will be and when it will occur.” Please click the link below to continue reading 4th Qtr 2018...
Friends Stocks suffered quite a selloff today. Worries about interest rates and the perceived hawkishness of the Fed were top of the list, but also there are concerns that we have seen a peak in earnings and companies will be warning about higher input costs over the...
Friends Another volatile day for stocks as the market averages advanced and retreated numerous times throughout the trading session. Worries over rising interest rates and political headlines sent stocks into negative territory several times during the trading...
Friends After last week's volatility it was going to be interesting to see how stocks got out of the starting gate this week. Well, it was another volatile day of trading. After a soft open, stocks rallied into positive territory mid-morning. But by lunchtime stocks...
