Archive for category: Market Commentary

Anemic GDP

Anemic GDP

Friends The GDP number was just released this morning and the number came in at 1.3% growth for the 2nd quarter. That is pretty anemic growth and the S&P futures sank even lower after the release. Of course, the GDP news pales in comparison to the debt ceiling debate...

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The Market Weighs In

The Market Weighs In

Friends As the politicians continue to make a mess out of the debt ceiling situation, the market has decided to weigh in and make its view perfectly clear. For the third day this week stocks fell, with the Dow Jones Industrial Average falling more than 198 points, about 3%...

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Quiet Nervousness

Quiet Nervousness

Friends As the political sniping and fear mongering continues in Washington, stocks have seen two very quiet down days. As a matter of fact, the market looked like it might want to end in positive territory before news from the White House, that the President would veto the House’s...

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Mixed Day

Mixed Day

Friends As we continue to wait for our politicians to come up with a plan to deal with the debt ceiling crisis and a debt reduction deal in general, we got news last night that the French and Germans came up with a “restructuring” deal for Greek debt. At...

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Deal?

Deal?

Friends All day long we got rumors about deals being made over the debt situation, only to be followed up by denials from both the White House and John Boehner’s office. In the meantime, stock traders want to believe that eventually one of these rumors will be true, and...

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The Waiting

The Waiting

Friends “The waiting is the hardest part Everyday you see one more card You take it on faith, you take it to the heart The waiting is hardest part” So says the old Tom Petty and the Heartbreakers song. Here we wait for politicians to decide the credit worthiness...

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QE3?

QE3?

Friends Fed Chairman Bernanke testified before the House today and the main headline to emerge was that, if necessary, there could be a QE3. That’s right. If things get bad enough, the Fed would consider more asset purchases, etc. Never mind that QE2 had no positive effect on employment,...

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