Friends Despite the onslaught of lukewarm earnings reports (and subsequent muted guidance by managements in company conference calls), stocks refused to give much ground in today’s trading session. On the economic front the PMI Manufacturing Index came in a little...
Friends The bulls were able to keep the party rolling as earnings season continues. The story seems to be that despite somewhat lackluster results from many of the companies that have already reported, expectations had been ratcheted down enough so that any...
Friends Things got off to a somewhat quiet start for the week as stocks spent the day in positive territory, but with no real conviction. On the economic front Leading Indicators came in a little better than expected pointing to possible accelerating growth in the...
Friends Well, well, after last week’s “correction” stocks enjoyed their best week of the year. Other than IBM acting like an anchor around the Dow’s neck and Google pressuring the NASDAQ, stocks were in positive territory for a good portion of the trading session. By...
Friends Stocks rallied early, and were able to hold onto the gains for the entire trading session. With one day left in the shortened trading week, the bulls have sure turned the tide after last week’s mess. Stocks had already been comfortably in positive territory,...
Friends Stocks seesawed back and forth today as the economic news was uninspiring (the CPI was a little hotter than expected and the Empire State Manufacturing Index weaker than expected) and the Russia/Ukraine news was somewhat disturbing. Nevertheless after an up...
riends Stocks seesawed back and forth today as the economic news was uninspiring (the CPI was a little hotter than expected and the Empire State Manufacturing Index weaker than expected) and the Russia/Ukraine news was somewhat disturbing. Nevertheless after an up...
Friends After last week’s beating, stocks staged a comeback today, as the bulls were buoyed by some decent bank earnings and decided to tiptoe back into some beaten up names. The retail sales number was slightly better than expected so perhaps a snapback from the...
Friends Stocks bounced back a little bit today putting an end to the losing streak that we have seen over the past several sessions. Whether it was a convincing turnaround or not may lie in the eye of the beholder. Nevertheless, the bulls did come off the sidelines to...
Friends Last night on 60 Minutes, there was a segment focusing on Michael Lewis’s new book which evidently focuses on High Frequency Trading and the unfair aspects of machines front running human beings. In the interview, Mr. Lewis claims the stock market is “rigged”....
Friends Today marks the end of the first quarter of 2014. It looks like the S&P ends up slightly higher and the Dow slightly lower for the quarter. It was definitely a tug-of-war between the bulls and the bears. A positive perspective on the first quarter...
Friends Stocks enjoyed another nice trading session, as decent economic news (a better than expected Case -Shiller Index showed strength in housing prices) and lack of any new disturbing news in Ukraine, had traders in the buying mood. The Fed began its 2 day FOMC...
Friends That pattern continues. Up mornings followed by afternoon sell-offs (the Dow was up about 100 points early). Now I grant you, not much damage has been done, with the S&P about flat YTD and the Dow down just a bit. But the old adage is that the first half...
Friends Trading was quiet today, as the market averages spent time in both the black and the red throughout the session, but never very far from the breakeven point. The weekly jobless claims number was slightly better than expected coming in at 311,000 for the week....
Friends We had another volatile day of trading, as an early 98 point gain in the Dow Jones Industrial Averages turned into a 98 point loss by the end of the session. We have seen many of these days where early gains disappear and the bulls are not able to push the...
