Archive for category: Market Commentary

Mixed Messages

Mixed Messages

Friends Today was a day of totally mixed messages. On one hand, we had an upward revisal to the 4th quarter GDP number and a very strong Chicago PMI number. On the other hand, Dr. Bernanke’s testimony in front of Congress was disturbing to the “risk on” crowd, as...

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13,000-Finally

13,000-Finally

Friends Well, the Dow finally held and closed above 13,000 and the S&P 500 above 1370 for the first time since the summer of 2008. On the economic front, the durable goods number was disappointing this morning as well as the Case-Shiller index (which indicated that homes continue to...

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Quiet Reversal

Quiet Reversal

Friends The bull market pattern continues. After being down 100 Dow points early this morning, stocks once again had a nice reversal and finished the day just about flat. This pattern has been in place so far this year, with stocks opening lower and recovering as the day progresses....

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Tepid Tone

Tepid Tone

Friends, Hovering around the 13,000 milestone again, traders appeared lackluster as stocks see-sawed much of the day despite the latest dose of data – upbeat consumer sentiment news. The Dow eased back just 2 points at 12,983 while the S&P tallied 2 points to finish closer to that 1370...

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Back in Gear

Back in Gear

Friends, Investors shrugged off yesterday’s bout of selling and the Dow once again teased the 13,000 level before closing up 46 at 12,984. The S&P finished up 6 points at 1,363. Along with a good home sales report, the markets were mostly up on economic data showing the jobs...

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Quiet Reaction

Quiet Reaction

Friends Well, we got a deal in Greece (just delays the inevitable for a little while longer) yet traders seemed somewhat uninspired as the Dow Jones Industrial Average, having taken out 13,000 earlier in the session, ended the day only slightly positive. For the day the Dow average finished...

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Bulls Bounce Back

Bulls Bounce Back

Friends The bears were growling yesterday, having enjoyed the worst down day of the year and the undoing of market high-flyer Apple. A day later, the bears are heading back into hibernation. Remember how the sentiment did a 180 yesterday and every pundit on television was convinced we were...

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A Little Noise

A Little Noise

Friends Stocks were able to recover yesterday after being down 85 Dow points in the early afternoon, but today was another story. After a small up opening, stocks spent the rest of the day in negative territory. Market darling Apple rose early in the session to over $526 per...

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