Friends As we are hearing the news, with little details, about another potential mass shooting at a Florida High School, we will give you an update on the markets. Stocks recovered from an early selloff triggered by a hotter than expected CPI report. A week and a...
Friends We still have intraday volatility, but the range of motion has been narrowing over the past couple of sessions (less than 300 points today). But don't get me wrong, there is still plenty of volatility. The Dow, for instance, was up nearly 100 points at 2:40...
Friends Sometime they call it a "dead cat bounce". Stocks got off to a good start at the opening this morning, and despite some volatility, were able to stay firmly in positive territory by the close. These days, it's difficult to declare victory whether you are a...
Friends Well, we finally have come to the end of a crazy week of trading. Once again, we had stocks swing in a 1000 point range in the Dow Jones Industrial Average. Just watching the trading (and that's the best thing to do in times like this-just watch) and it's...
Friends The carnage continues as stocks continue to tumble unabated. As we mentioned, we expected the market to test the lows from earlier in the week and it appears that is exactly what is happening. To put in some kind of near term or intermediate bottom, the...
Friends The volatility was once again extraordinary today, but within a slightly tighter range than the last couple of days. Yes, we only had about a 500 point trading range today, not the 1000 point range or more that we saw on Monday and Tuesday. So I guess you...
Friends Glad some of you were able join us on the call this morning. What another wild and crazy day. After a 560 point Dow drop at the open, stocks reversed course nearly 900 points to post a 350 point gain just minutes later. After that, we seesawed around for...
Friends Well, I would like to say "that was fun" but it wasn't. We went on a roller coaster ride in stocks today that we haven't seen in years. After a 250 point initial drop in the Dow at the open, stocks recovered and fought their way back to breakeven by...
Friends Last Friday I ended the email with a cryptic line "this is the best start to the year for stocks since 1987". Yes, I was being a smart aleck, but only one person emailed me that afternoon to ask if I was implying that we might have something coming like we...
Friends Stocks once again seesawed back and forth today reacting to earnings releases, bond market selloffs and in anticipation of tomorrow's non-farm payroll number. Earnings have been good, but as we know prices were somewhat extended as we entered this earnings...
Friends Well, your intrepid advisor/author of emails (that would be me) suggested that stock market volatility, especially intraday volatility was likely to pick up this earnings season. Indeed, it has and today was another example. After yesterday's shellacking,...
Friends Stocks had their worst day of trading for some time today. The reasons varied from the selloff in the bond market (with the 10 year rate rising to 2.73%) to the healthcare initiative announced by Amazon, Berkshire Hathaway, and J P Morgan Chase. Of course,...
Friends After last Friday's blow off type afternoon rally, the bulls showed up for today's session a bit less enthused. It's a big week for earnings, so there will be a lot of ebbs and flows with regards to corporate earnings news, and of course tomorrow night we...
Friend Fueled by good earnings reports and despite a 4th quarter GDP number that came in a bit light, stocks continued to rip to new highs. Yes, the economic backdrop is good, but stocks seem to have a mind of their own right now. Any minor move down gets bought with...
Friends Today's trading session was a lot like yesterday's - up early, a selloff, a big rally, another selloff, and then a drift into the close. The Dow once again did better than both the S&P and the Nasdaq. Yes, individual shares are responding to earnings...
