Archive for category: Market Commentary

Bulls Bounce Back

Bulls Bounce Back

Friends The bears were growling yesterday, having enjoyed the worst down day of the year and the undoing of market high-flyer Apple. A day later, the bears are heading back into hibernation. Remember how the sentiment did a 180 yesterday and every pundit on television was convinced we were...

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A Little Noise

A Little Noise

Friends Stocks were able to recover yesterday after being down 85 Dow points in the early afternoon, but today was another story. After a small up opening, stocks spent the rest of the day in negative territory. Market darling Apple rose early in the session to over $526 per...

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Dow 15,000

Dow 15,000

Friends The headline in Barron’s magazine this weekend was Dow 15,000. The article referred to Wharton School of Finance professor Jeremy Siegel’s call for the Dow to likely see this level by the end of next year. Siegel also referred to a 50/50 chance of the Dow hitting 17,000...

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Greek Deal?

Greek Deal?

Friends The morning was filled with a bevy of news items including a better than expected weekly jobless claims number. Jobless claims fell 15,000 last week to 358,000 and continues to show an improving trend. Also Greek leaders seem to have a deal in terms of austerity measures (at...

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A Good January!

A Good January!

Friends January limped to a close today, but after all was said and done, we ended up with the best January we have seen for stock averages since 1997. The day began to the upside but was quickly undercut by a trio of disappointing numbers; consumer confidence (61.1 vs....

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