Archive for category: Market Commentary

My Two Cents

My Two Cents

Friends Markets had a difficult day today with the slight rally in the dollar producing a selloff in commodities (oil and silver crushed again) and an overlapping selloff in industrial, energy and material stocks. The Dow Jones Industrial Average ended the day down about 130 points giving back the...

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Surprise Employment Number

Surprise Employment Number

Friends We had a pleasant surprise this morning with the release of the non-farm payroll number. After the last several weeks of less than stellar economic reports, the government jobs number was an increase of 244,000 new jobs. That was quite a bit better than the 150,000 or so...

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A Proud Moment

A Proud Moment

Friends As we prepare for a new week of trading, the report of the death of Osama Bin Laden is trumping all other news, economic or otherwise. Americans feel pretty darn good this morning and as far as the markets are concerned, that sure can’t be a bad thing....

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Wake Up Call

Wake Up Call

Friends The rating agency S&P reaffirmed the United States debt rating at AAA this morning, but put the U. S. on a negative credit watch. What does this mean? Well, if the folks in Washington don’t address the mounting debt problems in this country then the inevitable outcome would...

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Grumpy Mr. Market

Grumpy Mr. Market

Friends, Mr. Market seems a bit grumpy these past several days. Earnings season has begun, and it sure looks like companies are going to have a difficult time pleasing traders over the next couple of weeks. Hitting your numbers is simply not going to be good enough right now....

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“Teflon” Market

“Teflon” Market

Friends The “Teflon” market continues to climb the “wall of worry”. Bad consumer confidence numbers this morning coupled with awful housing numbers, did not deter traders from buying stocks today. The S&P 500 closed above 1319, right at a resistance level. 1323 is the next level on the upside...

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Impressive

Impressive

Friends Impressive, is the best term I can use for the resiliency of the stock market over the past few weeks. Talk about a lot to deal with. We’ve had strife in Egypt and then Libya, the devastation in Japan, and now we’re focusing, again, on the European debt...

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