Friends With a week to go, we have had a very nice advance in the stock market for the month of October. Of course, news out of Europe could derail us a bit next week, but nevertheless a good 3 weeks is a good 3 weeks. Traders don’t seem to be “buying” this advance...
Friends Just another typical day for the stock market as we alternated from being up then down more than 100 Dow points only to finish the day up 37 points. Of course, the driving force was one rumor after another coming out of Europe and what might or might not...
Friends The seesaw week in the markets continues as the Dow Jones Industrial Average suffered a 72 point loss. The S&P 500 finished the day down 15 points to close at 1209. Once again stocks ran into resistance early this morning when the S&P traded up near the 1230...
Friends The bulls rallied today, and like a scorned pirate took back the losses that they absorbed at the hands of the bears yesterday. News in the afternoon about how the possible size of the European bailout fund (EFSF) could reach $2 trillion, sent the Dow up more...
Friends Stocks seemed to suffer a bit of a hangover today from last week’s gains, as the Dow Jones Industrial Average fell 247 points. The S&P 500 was down 23 points to finish the day at 1200. After having rallied for a week and a half and more than 10% in value,...
Friends I have mixed feelings about the “Occupy Wall Street” crowd. Are they somewhat a disjointed mess of typical liberal causes? Yes. Are many of them just kids looking to get in on the action? Yes. Are some of them just bums that have nothing better to do? Yes. On...
Friends After several days of advance, stocks gave back a little of their recent gains with the Dow Jones Industrial Average down 40 points. The S&P 500 was down 3 points to close at 1203. After touching 1220 yesterday, it will be interesting to see if we settle back...
Friends Stocks continued the rally that we have seen over that past week, although they did finish quite a bit off their highs. The Dow Jones Industrial Average was up 102 points for the day to close at 11,518, while the S&P 500 was up 11 points to finish the day at...
Friends, I hope most of you have enjoyed a nice Columbus Day of not having to work. Even though the bond market and banks are closed, the stock market was open for business and it was like the children got to play while the adults (the bond market) were away. Stocks...
Friends The non-farm payroll number released this morning came in slightly better than economists had been forecasting (103,000 new jobs) but not enough to make a dent in the unemployment rate which remained at 9.1%. After a volatile week, stocks reacted somewhat...
Friends We lost a true American icon yesterday with the death of Steve Jobs, the leader and face of Apple. His unique vision and ability to shape the future lands him among the great icons of American history. His company will go on, but it remains to be seen if he is...
Friends Beware of labels. This morning stocks fell into “bear market” territory on the S&P 500 (down more than 20% from the top) only to rally to the plus side by midday. As the afternoon wore on, stocks fell again as delays in the “Greece” situation and little news...
Friends The lingering effects of the 3rd quarter seemed to dominate trading today as stocks shrugged off decent ISM manufacturing and construction spending numbers and spent the day in negative territory. The Dow Jones Industrial Average was down 258 points and the...
Friends Today marks the end of trading for the month of September and the 3rd quarter, and all I can say is good riddance. Stocks spent the whole day in the red and by the end of trading, the Dow Jones Industrial Average was down 240 points. The S&P 500 closed down 29...
Friends We had some relatively good news to start the day today. First, the vote in Germany went well which allowed the Eurozone to take a deep breath. Then we got domestic news with the 2nd quarter GDP being revised upward to 1.3% from the previously reported 1%...
