Worst Week Of The Year

Worst Week Of The Year

Friends It was quite an active week, wasn’t it? After gaining a couple hundred Dow points on Monday and Tuesday, stocks sank 550 Dow points on Wednesday and Thursday. It seemed traders couldn’t decide which way to go for most of the day today, as stocks waffled back and...

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Bonds And Stocks Fall

Bonds And Stocks Fall

Friends I think we have our answer. For anyone who wondered just why stocks have been rising for the past 6 months, we got our definitive answer over the past two trading sessions. Stocks were going up because of easy money. End of story. The minute there is even...

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Fed Moves Markets!

Fed Moves Markets!

Friends I am sure the Federal Reserve Chairman is a very nice guy. I also applaud his attempt to continuously explain Fed policy to the public and not be as “cloak and dagger” as his predecessors. The problem with Dr. Bernanke and his fellow Fed Governors is that they...

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A Fed Frenzy

A Fed Frenzy

Friends Call it the case of the battling financial news organizations. After a Wall Street Journal columnist hinted that the message from this week’s Fed meeting will be that Dr. Bernanke and crew will not be hasty in taking the punch bowl away (which led to a hefty 180...

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