Friends Stocks traded quietly today with very little conviction. The economic data was fine with a good ISM non-manufacturing number and a decent PMI Services Index number, while new home sales were better than expected-aided by lower mortgage rates. Nevertheless,...

Friends The bears seemed to have been awakened from a multi month nap this morning, ironically after an early rally at the open. The Dow had been up triple digits before a plague descended upon the markets and by midday the Dow was sporting a 400 plus point loss. Some...

Friends Contrary to yesterday's positive economic news, today we got less than stellar data including a weakening ISM Manufacturing number and slightly disappointing Consumer Sentiment number. The Bulls were not deterred as stocks gained more than 200 Dow points at...