Archive for category: Market Commentary

Out of Gas

Out of Gas

Friends Despite a strong Chicago PMI number, an upwardly revised 4th quarter GDP number (though barely), and a decent weekly jobless claims number, the quick ramping up of prices over the past two trading session simply ran out of steam today. Traders seemed content to stand pat with the...

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A Snap Back Rally

A Snap Back Rally

Friends While the Italians continue to figure out who is going to run the country, traders seemed to turn their attention to Dr. Bernanke’s testimony before the Senate today. The Fed Chairman put at ease the worries that the punch bowl would be taken away any time soon. Market...

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Stocks Rally Back

Stocks Rally Back

Friends What? We were just kidding-none of it matters today. We are beginning to get a somewhat schizophrenic market, aren’t we? Market gurus were crying “sell everything” yesterday, and lo and behold stocks rallied right back today to actually end mixed (Dow was up/S&P 500 was down) for the...

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Stocks Down/Blame Fed

Stocks Down/Blame Fed

Friends The first part of the trading day was defined by the massive sell-off in commodities, as gold, oil, copper and most everything else seemed to be just being dumped regardless of price. For most of the morning, stocks seemed to be weathering the storm only showing modest losses...

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A Mixed Bag

A Mixed Bag

Friends After an early morning drop, triggered by weakness in Europe, stocks spent the rest of the day fighting to get back into positive territory. Various GDP reports from European countries including disasters from France and Italy, once again verify that the EU is still a drag on global...

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Stocks and Bonds

Stocks and Bonds

Friends Well, the bears decided to fight back today, but didn’t really do that much damage. Before the opening bell the retail sales report was about as expected, nothing to write home about, but not terrible, but the bulls couldn’t drum up enough interest at the opening and by...

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