Archive for category: Market Commentary

Groundhog Day?

Groundhog Day?

Friends The last four quarters remind me of the movie Groundhog Day, where the same scene plays itself out over and over again. In our case, the scene is earnings season. Share prices seem to rise before earnings are released, and then sell off for a day or two...

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Wild Day

Wild Day

Friends Quite a wild day in the market today. After the close yesterday, we got earnings from tech giants IBM and Apple. Though both beat published estimates and had very good revenues, their shares sold off in after-hours trading and continued down this morning. You know the old adage...

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The Fed’s Safety Net

The Fed’s Safety Net

As I listen to the Federal Reserve Chairman speak this morning, it becomes more clear that the Fed is determined to do anything necessary to prevent the economy from slowing even further.  Dr. Bernanke is making it clear that even though they are considering non-traditional matters, the lack of...

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Unemployment = QE

Unemployment = QE

Friends, The unemployment number was just released this morning and the more things change, the more they stay the same. Yes, we did create a few private sector jobs, but the overall job loss was again disturbing, and a 9.6% unemployment rate will continue to weigh on the psyche...

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4th Quarter Outlook

4th Quarter Outlook

Friends As I mentioned yesterday, the market just finished the best September that we have had in nearly 70 years. The third quarter was also a good one for the market averages. With that behind us, where does the market go from here? The coming quarter will be highlighted by...

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