Archive for category: Market Commentary

“Teflon” Market

“Teflon” Market

Friends The “Teflon” market continues to climb the “wall of worry”. Bad consumer confidence numbers this morning coupled with awful housing numbers, did not deter traders from buying stocks today. The S&P 500 closed above 1319, right at a resistance level. 1323 is the next level on the upside...

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Impressive

Impressive

Friends Impressive, is the best term I can use for the resiliency of the stock market over the past few weeks. Talk about a lot to deal with. We’ve had strife in Egypt and then Libya, the devastation in Japan, and now we’re focusing, again, on the European debt...

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Quite a Week

Quite a Week

Friends Friday was a day full of moves as we had the G7 central banks overnight agree to a coordinated intervention to keep the Japanese Yen from continuing its climb. As the Japanese currency rises vs. other currencies, it becomes more difficult for Japanese companies to sell their goods...

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