Archive for category: Market Commentary

Pullback Continues

Pullback Continues

Friends Yesterday they were demonstrating in Spain, today it was Greece (we’ve seen this one before), and once again traders decided that they just didn’t want to buy stocks today. Actually, ever since the big rally on Fed day a couple of weeks ago, stocks have found very little...

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Rough Tuesday

Rough Tuesday

Friends Today is a great reminder that Central Bankers and Politicians may have grandiose plans, but eventually people that are affected by those plans just might have something to say about them. The austerity protest that turned violent in Madrid, Spain this afternoon (evening for them) is a good...

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Normal Monday

Normal Monday

Friends The news dominating the day was that Apple “only” sold 5 million iPhone 5’s this weekend. You know why they only sold 5 million iPhone 5’s this weekend? Because that’s all the iPhone 5’s they had. That seems like a good problem to have. Gee, I can’t make...

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A Show About Nothing

A Show About Nothing

Friends Nothing happened today. No, I really mean it, absolutely nothing happened in the markets today. The weekly new unemployment claims number was a non-event. The number has remained under 400,000 but just barely for months now. No news there. Stocks just seem to be rotating from economically sensitive...

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