Archive for category: Market Commentary

Thoughts on Facebook

Thoughts on Facebook

Friends Today is Facebook Day. The business channels as well as the general media are droning on incessantly about the IPO (Initial Public Offering) of the social media company that begins trading this morning. My thoughts on Facebook are as follows. First, it is one of America’s great success...

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The Facebook Flop

The Facebook Flop

Friends Well, Facebook day was a major disappointment. There was a technical glitch on NASDAQ which resulted in a 45 minute delay in opening the stock and then traders could not get fill reports on what they paid for buy orders or what they received for sell orders. It’s...

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3 Day Rally

3 Day Rally

Friends Who needs Europe? After a weak overnight session overseas, and our first real earnings disappointments (not to mention another uninspired weekly jobless claims number), stocks were set to have a difficult trading session. Exxon Mobil, Dow Chemical, UPS and a couple of others came up a little shy...

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Apple and the Fed

Apple and the Fed

Friends After yesterday afternoon’s blowout earnings report from Apple, stocks were primed to have a good day today as trading got underway. After an early rise, stocks drifted until the Fed report came out at 11:30, our time, and then the 1:15 press conference with Dr. Bernanke. The takeaway...

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Austerity and Scandals

Austerity and Scandals

Friends It was a difficult day for stocks today as traders were assaulted with bad news from every angle. Europe is just a mess, with politics changing almost daily over there, as unhappy citizens cast their displeasure with the medicine that is austerity. Germany, the only hope, is showing...

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Earnings and Spain

Earnings and Spain

Friends The markets spent all day worrying about what is going to happen in tomorrow’s Spanish bond auction. That coupled with weakness in IBM, after what seemed to be a rather good earnings report (the stock had run up before the report, so a little “sell the news” is...

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Upside Volatility

Upside Volatility

Friends Wow! After a somewhat uneventful slow grind upward in the first quarter, we seem to be back to the days of volatility once again these first few weeks of the second quarter. The last couple of weeks were decisively negative once the dust settled on them, but so...

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