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...
Friends On the last day of the quarter the markets took mercy on the beleaguered bulls. Fueled by rallies in overseas markets, stocks were poised to open to the upside and did so. Fortunately for the bulls, the gains were sustained throughout the trading session and...
Friends Despite the bulls (are there really any left?) valiant attempt to rally the troops, stocks gave up early gains and seem intent on testing the August lows as we entered the final hour of trading. But a last fifteen minute rally got us back into positive...
Friends Back in August, when we experienced the first real sharp market selloff in quite some time, on our conference call and subsequent emails we opined that it is likely that we will test the lows established that week in the days and weeks ahead. It is not...
Friends Well, we had another reversal today, unfortunately this was one that saw the market averages give up some hard earned early morning gains. Buoyed by seemingly more hawkish remarks from Fed Chair Yellen on Thursday afternoon (after she fumbled the ball last...
Friends The good news was that we had a nice reversal today. The bad news was that we still finished down for the day. After a 260 point Dow drop, stocks did recover quite a bit as the afternoon wore on. It wasn't so much a rush to sell in the morning as it was the...
Friends Despite a small early morning rally, stocks never seemed to be able to find good footing today, as shares drifted along in negative territory as the trading session wore on. Other than a plea from former "bond king" Bill Gross for the Fed to bite the bullet...
Friends Stocks, fueled by weakness overseas, got off to a very difficult start at the opening of trading and spent the rest of the day trying to lessen the damage. Continued concern of global slowing seems to be weighing on the minds of market participants. On the...
Friends After Friday’s Fed induced carnage (ok, maybe the Fed didn’t cause the selloff, but they didn’t help), stocks began the week with a positive slant as traders came into the week looking for some bargains. Despite a strong early morning surge, stocks did seem to...
Friends Stocks decided to give up the gains market participants fought hard to achieve earlier in the week in the lead up to the Fed decision. Whether because of the confusing new Fed "mandate" or just the realization of a global slowdown, stocks sold off overseas...
Friends Where do I begin? It wasn't that today's decision by the Fed to not raise interest rates was much of a surprise. The markets may have been sniffing that out all week. What was a surprise was the language in the statement and Ms. Yellen's comments in the press...
Friends While waiting for the Fed decision which will come tomorrow early afternoon, stocks added to yesterday's gains. Once again, whether market participants are buying because of the expectation that the Fed will begin the tightening process tomorrow, or because...
Friends Stocks rallied and bonds sold off today. Is that a signal that market participants think the Fed is ready to move on Thursday? Heck, is it a sign that market participants don't think the Fed can move on Thursday? I suppose you can read into the moves whatever...
Friends Stocks spent the day drifting in negative territory, with very little volatility and seemingly very little interest from traders. In addition to the Jewish holiday (Happy New Year to our Jewish friends, by the way), it appears traders are on hold as we wait...
Friends Stocks had a relatively quiet day as volatility, while present, was somewhat muted. Stocks moved into positive territory by the afternoon and were able to extend the gains into the close of trading. On the economic front, the PPI while nothing much to speak...
