Archive for category: Market Commentary

Fed Twists/Market Shouts

Fed Twists/Market Shouts

Friends, Traders waited with baited breath for the Fed release today. We basically got the “twist” that we were expecting, where the Fed will buy longer maturity bonds and sell shorter maturity bonds. The problem is that the Fed’s statement certainly ramped up the verbiage on the global slowdown...

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Rally Give Up

Rally Give Up

Friends Well, we had a rally for most of the day, but further disappointment out of Greece contributed to stocks giving back all of their earlier gains that had the Dow up 130 points early in the morning. The Dow Jones Industrial Average finished the day up a meager...

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4 Up Days in a Row

4 Up Days in a Row

Friends Stocks enjoyed another day of gains as news of the Fed, along with the Bank of England and others are attempting to stabilize U. S. dollar funding for European banks. It seems there has been somewhat of a “run” on several large European banks funding, triggered by the...

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Greece Lives/Market Advances

Greece Lives/Market Advances

Friends Stocks enjoyed a nice advance this afternoon. After early disappointing economic news here at home (rising business inventories and lousy retail sales), stocks that had enjoyed a little pop at the open, found themselves in negative territory by mid-morning. Then a conference call between the Germans, French and...

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Reversal Day

Reversal Day

Friends We had a bit of a reversal day in the averages as stocks were down most of the day only to rally in the last hour to close in positive territory. The Dow Jones Industrial Average finished the day up 68 points after being down over 175 points....

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