Friends Well at least we can put the politicians on the back burner for a short period of time, while we focus on earnings season and begin to get some government released economic data. Stocks did experience a little “sell on the news” action at the start of trading...
Friends It looks like a deal is about to be voted on. A great deal? No, but a deal nonetheless. Sure we’re just kicking the can about three months down the road, but at least Armageddon has been delayed for a while. As expected, this thing is going right up to the...
Friends Well, as expected, the knuckleheads in Washington D.C. are taking us right up to the brink. Yes, we’ve seen this movie before, but like any good horror film it’s still darn scary. Stocks performed just as one would expect while one politician after another got...
Friends Markets continue to react to headlines out of Washington D.C., as stocks dropped in early trading after seemingly disappointing progress over the weekend. But as the day wore on, rumors of a compromise and an additional White House meeting sent stocks quickly...
Friends As we head into the weekend, traders continue to believe that the politicians will have a solution for us by next week. Stocks followed through on yesterday’s powerful rally, and in just two trading sessions, market averages have seen quite a bit of repair....
Friends With the hope that some dialogue might be happening this afternoon among members of the house, and the nomination of punch bowl enthusiast Janet Yellen by the President for next Fed Chairwomen, stocks recovered from earlier losses to post gains for the first...
Friends The market is doing what the market is known to do in these situations. It’s shouting to Washington D.C. loud and clear. Get something done about the government shutdown and threatened default. Frankly, I am a little surprised it took the market this long to...
Friends Well, the war of words and threats continue, and that’s not even Texan’s fans discussing the fate of Matt Schaub. Yes, the political theatre is likely to be upon us for the next couple of weeks, and stocks will be subject to headline risk. After the acrimony...
Friends The markets tried to shake off all the political wrangling and posted nice gains in the market averages as traders seemed to be looking to do some bargain hunting. With no non-farm payroll report to consider, the coming earnings season is pretty much all there...
Friends Wow, what a crazy day. A car trying to ram a White House gate, shots fired in front of the capital, the women driver shot, and a baby in the car. As of this writing this is what we are hearing, but add this to the other political craziness in Washington D.C....
Friends Well, yesterday, traders didn’t seem to take the first day of the government shutdown very serious. Today, with the feeling that this could go on for a while, traders were a little more negative about the whole situation. How can investors be blamed for...
Friends With a government shutdown just hours away, and a looming debt ceiling battle, investors continued the negative trading pattern we have seen for more than a week now. No, the damage has, in no way, been catastrophic, as we have only given up a few percentage...
Friends Traders seemed focused today on the political wrangling out of Washington. With the threat of a government shutdown looming (whether that’s a good thing or not, insert your own joke here), market participants seemed to just want to get out of the way, as...
Friends Stocks seemed to be just meandering along, when a report that Wal-Mart might be having a difficult quarter on the retail front sent stocks firmly into negative territory, where they languished for the remainder of the day. On the economic front, Durable Goods...
Friends As we wait for the political theater to play out over the next couple of weeks, traders seem non-committal when it comes to the stock market. The bulls seem to have lost their mojo for the moment, but the bears can’t seem to get any real pullback engineered...
