Archive for category: Market Commentary

It Was All About GM

It Was All About GM

Friends The big news this week was the General Motors IPO (initial public offering) and basically it totally consumed the media and the market on Thursday. In general, the offering was a success, as the price came at the high-end of the expected range ($33) and trading volume on...

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The Bears Growl

The Bears Growl

Friends After yesterday’s failure to hold a 100 point rally in the Dow, the markets faced a barrage of difficult news this morning. First, China had a sizable drop overnight and then the continued European debt problems provided the fuel for an early morning selloff. Some good news out...

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Choose a Side!

Choose a Side!

Friends, Although politics is what is on everyone’s mind today, I would first like to comment on the very important Federal Reserve announcement. Dr. Bernanke again declared that the Fed is “all in” and will do whatever is necessary to make asset prices rise (stocks?). The announcement that Fed...

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Groundhog Day?

Groundhog Day?

Friends The last four quarters remind me of the movie Groundhog Day, where the same scene plays itself out over and over again. In our case, the scene is earnings season. Share prices seem to rise before earnings are released, and then sell off for a day or two...

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Wild Day

Wild Day

Friends Quite a wild day in the market today. After the close yesterday, we got earnings from tech giants IBM and Apple. Though both beat published estimates and had very good revenues, their shares sold off in after-hours trading and continued down this morning. You know the old adage...

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The Fed’s Safety Net

The Fed’s Safety Net

As I listen to the Federal Reserve Chairman speak this morning, it becomes more clear that the Fed is determined to do anything necessary to prevent the economy from slowing even further.  Dr. Bernanke is making it clear that even though they are considering non-traditional matters, the lack of...

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