Friends, Hovering around the 13,000 milestone again, traders appeared lackluster as stocks see-sawed much of the day despite the latest dose of data – upbeat consumer sentiment news. The Dow eased back just 2 points at 12,983 while the S&P tallied 2 points to finish...
Friends, Investors shrugged off yesterday’s bout of selling and the Dow once again teased the 13,000 level before closing up 46 at 12,984. The S&P finished up 6 points at 1,363. Along with a good home sales report, the markets were mostly up on economic data showing...
Friends Well, we got a deal in Greece (just delays the inevitable for a little while longer) yet traders seemed somewhat uninspired as the Dow Jones Industrial Average, having taken out 13,000 earlier in the session, ended the day only slightly positive. For the day...
Friends, After a wobbly day, stocks ended with only modest losses. The DJIA closed at 12,939 (-27) and the S&P at 1358 (-5). Gold spiked in last trading hour to close at $1771. Oil reached $107 before retreating in the final hour to end at $106.28 up just 3 cents from...
Friend With a three day weekend upon us, traders seemed to have checked out early. The economic news was less than thrilling this morning but not terrible. The CPI number came in as expected, but the Leading Economic Indicators were a bit shy of expectations. Of...
Friends The bears were growling yesterday, having enjoyed the worst down day of the year and the undoing of market high-flyer Apple. A day later, the bears are heading back into hibernation. Remember how the sentiment did a 180 yesterday and every pundit on television...
Friends Stocks were able to recover yesterday after being down 85 Dow points in the early afternoon, but today was another story. After a small up opening, stocks spent the rest of the day in negative territory. Market darling Apple rose early in the session to over...
Friends The headline in Barron’s magazine this weekend was Dow 15,000. The article referred to Wharton School of Finance professor Jeremy Siegel’s call for the Dow to likely see this level by the end of next year. Siegel also referred to a 50/50 chance of the Dow...
Friends We thought we had a deal in Greece yesterday (though we were skeptical), but as today indicates, this drama never seems to end. It will be another weekend of anticipation and anxiety, as we wait to see whether the hoped for austerity measures can pass...
Friends The morning was filled with a bevy of news items including a better than expected weekly jobless claims number. Jobless claims fell 15,000 last week to 358,000 and continues to show an improving trend. Also Greek leaders seem to have a deal in terms of...
Friends Of course we continue to wait for a deal in Greece, and of course it is delayed another day. Let’s move on. After an early morning selloff (Dow down about 50 points) stocks staged a midday rally and by the close the Dow Jones Industrial Average was up 33...
Friends I hope everyone enjoyed the Super Bowl, or at least some of the commercials, for those of you who are not sports inclined. In the end, the New York Giants representing the NFC, were the winners and that is supposed to be good for stocks (hey, us stock market...
Friends, I’ll bet Dr. Bernanke would like to rethink the interest rate policy he rolled out last week, not to mention his gloomy outlook of the economy and employment. Today we got a blowout jobs number with the non-farm payroll number coming in at 243,000 new jobs....
Friends Sparked by rumors that by the end of the day we would have a deal in Greece regarding haircuts on their debt, stocks spent the entire day in positive territory. Even a slightly disappointing ISM number could not derail the early morning surge, as by midday...
Friends January limped to a close today, but after all was said and done, we ended up with the best January we have seen for stock averages since 1997. The day began to the upside but was quickly undercut by a trio of disappointing numbers; consumer confidence (61.1...
