Archive for category: Market Commentary

Friday Recap

Friday Recap

Friends On the economic front, the consumer confidence number held steady which was somewhat encouraging, while the first look at 3rd quarter GDP (remember they revise it two more times) showed the economy growing at 2% which is a little higher than expected (don’t be surprised if that is...

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Back Down Again

Back Down Again

Friends Yesterday the stock market was able to recover from an over 100 point loss. Today we weren’t so lucky. Fueled by more anemic earnings reports and anxiety about the pending fiscal cliff, stocks were down from the opening bell to the closing bell. There were a few feeble...

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Monday Reversal

Monday Reversal

Friends Earnings season is at its peak this week and so far our concerns about earnings growth slowing have been verified. Unfortunately companies are struggling to meet or beat expectations both on the top line and the bottom line, and future guidance has been extremely cautious. So the earnings...

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A Day to Remember!

A Day to Remember!

Friends It was 25 years ago today.  The stock market crashed. I remember the details like it was yesterday. I was in my third year in the business, parked in the “bullpen” at the Merrill Lynch office in Clayton, Missouri ( a suburb of St. Louis). We had these...

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The Re-enactment

The Re-enactment

Friends Well it looks like everyone got so caught up in the 25th anniversary of the 1987 stock market crash, that they wanted to do a re-enactment today. Hey this aint the Civil War- we don’t need no re-enactment. In reality the string of lousy earnings reports over the...

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The Market was Googled

The Market was Googled

Friends Today’s market was dominated by a mistaken earnings release by Google. Instead of coming after the close, Google’s earnings release was mistakenly disseminated midday, and the details were not good. Having missed the analyst’s estimates by a mile, the stock quickly fell about 10% and then was halted...

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