Friends Trading at the NYSE was halted today for 3 ½ hours because of a computer glitch, which kept trading volume down in general. The good news is that there are other exchanges to get trades executed so markets continued to trade. The bad news is that sellers...
Friends After being down over 200 Dow points midday, stocks rallied into positive territory by late afternoon. The reason for the turnaround was somewhat vague, as the situation in Greece didn't seem to be getting any better, and China is still trying to stem...
Friends The jobs number came in just about as expected as 223,000 new jobs were created in June. The unemployment rate fell to 5.3%, which is fine, but the participation rate continues to decline, and average hourly wages came in unchanged and only up 2% over that...
Friends The jobs number came in just about as expected as 223,000 new jobs were created in June. The unemployment rate fell to 5.3%, which is fine, but the participation rate continues to decline, and average hourly wages came in unchanged and only up 2% over that...
Friends As we enter the 3rd quarter and the dog days of summer, the game of chicken continues to unfold in Greece, as the upcoming vote this weekend may result in the old "watch out what you ask for, you just may get it". Members of the EU seem content to let the...
Friends Headlines and rumors had stocks gyrating back and forth throughout today's trading session, but by the close the bulls were able to scratch out a small gain. It appears, that market participants are reluctant to become more involved with the markets...
Friends The stock market was rocked by news that Greece confirmed that they will not be able to make payment on 1.55 billion euros to the IMF on Tuesday. Those IMF loans were the lifeline that had been cast for these many years, and now it is getting serious. The...
Friends With the historic decisions coming from the Supreme Court of the United States the past couple of days, even Greece seems to have been put on the back burner as the week came to a close. Stocks staggered to early gains only to reverse course midday. The bulls...
Friends Lack of any progress out of Greece (yes, I know you're tired of hearing about Greece, and I'm tired of mentioning it) seemed to weigh on traders as stocks turned early morning gains into afternoon losses. Again, it's not that Greece in itself is that...
Friends Stocks spent the day in negative territory as hope of a Greek debt deal faded early this morning. Comments by Greek officials that their restructuring plan had been rejected should come as no real surprise. As we mentioned yesterday, we were somewhat skeptical...
Friends The markets seemed to be on hold today, well the stock market anyway, as traders seemed mesmerized by the hope that a Greek solution is close at hand. I'm not sure I would want to bet my house on it, but nevertheless. As for today, stocks traded mainly in...
Friends Have I mentioned that the market seems to have case of amnesia from day to day? Market participants apparently are concerned about what might transpire over the weekend with regards to Greece, and to that end they really didn't feel like buying stocks ahead of...
Friends In the aftermath of yesterday's Fed meeting, stocks staged an impressive rally, aided by a strong leading indicators number and hope that the Greece situation might find a solution. Interestingly the CPI number was a little hotter than expected and the weekly...
Friends Traders seemed a bit confused (as per usual) when the FOMC statement came out, as stocks gyrated in every direction for a period of time. But, by the time Chair Yellen began her press conference, market participants decided that buying stocks was the...
Friends A huge jump in housing permits and relative quiet regarding the Greece situation, helped move stocks to the upside, and the bulls were able to hold onto the gains as the trading session came to a close. Today was the first day of the two day FOMC meeting....
