Friends With the massive snowstorm bearing down on the East coast, trading in stocks was very light and uneventful today. Trading had an upward bias early, but after a 50 point Dow move to the upside, stocks drifted the rest of the session. Most likely traders were...

Friends Today was a little different type of day. Once again, no major economic news, so stocks were left to their own devices today. After an attention getting 130 point drop in the Dow, stocks spent the rest of the session attempting to recover some of the losses....

Friends With a lack of any important news on the economic front, stocks took a bit of a breather today. Missing was the volatility of the past few trading sessions, as we started the day with a slightly negative bias and basically treaded water in negative territory...

Friends I guess the bears got too big for their britches yesterday. After the Dow and the S&P posted their worst day of the year, the bears were roaring, assuming that the stress in Europe would surely continue and that the bulls would be running for the hills....

Friends Well, as we indicated on Friday, the press got quite worked up about the Dow closing over 14,000 on Friday. Baron’s magazine couldn’t stop patting themselves on the back, reminding us that they have been bullish and calling for this advance. Pundits and...

Friends Buckle up. We have a lot to talk about. For starters, we got a bevy of economic data this morning including the jobs report. The government reported that the economy produced 157,000 new jobs in January, which was a little shy of expectations, but the previous...

Friends If the January indicator is intact, we are in for a good year in stocks. You know the saying, as January goes – so does the year. Well, as we have seen in recent years, that isn’t always the truth, but one can’t deny it was a good January for stocks. It’s true...

Friends We had a lot of economic news to deal with today. For starters, we got our first look at 4th quarter GDP. Yikes! We were expecting growth of about 1% (not good, but at least remaining positive), but what we got was a negative .10%. Not a total disaster, and it...

Friends Stocks continue to advance as earnings reports are good enough, economic news is at least not too bad, and cash seems to need somewhere to go. The bulls are charging toward 14,000 on the Dow and the S&P seems to have cleared 1500 without much resistance....

Friends Today had all the feel of a backing and filling day. Once again I would give the nod to the bulls. The bears just can’t seem to generate any downside momentum.  A great example of where money seems to want to flow is today Caterpillar announced a less than...

Friends If you have a chance, watch the cat fight between two hedge fund titans, Carl Icahn and Bill Ackman, on CNBC’s air today (their web site has it). It was unreal, and led me to wonder whether managing client’s money was as important to them as their egos....

Friends Despite an absolute drubbing of shares of Apple, stocks continue to climb higher. No, Apple’s earnings weren’t all that bad, but the same analysts that were falling all over themselves predicting a price target of $1000 per share, are now insisting that...

Friends Both Google and IBM delivered very nice earnings reports after the close yesterday and helped spur the Dow Jones Industrial Average to a new five year high and just hundreds of points shy of all-time highs. After the close today we will get the earnings of...

Friends Though this is a short week, it is chocked full of earnings and should set a tone for the next few weeks. So far, though we are only a fraction of the way through earnings season, stocks are reacting relatively well to both good and bad reports. What I mean by...

Friends Despite the consumer sentiment number coming in a little soft this morning, stocks continued to roll to new 5 year highs. Again, the most hated bull market of all time continues to confound the bears and amaze those who have been spectators on the sidelines...