Archive for category: Market Commentary

We Move into March

We Move into March

Friends Once again, we had a lot of news today, but a mixed reaction among markets. Along with a nice weekly jobless claims number (351,000) and a “so-so” personal spending number (.2%), we got surprisingly strong retail sales numbers from many of the nation’s largest retailers. Stocks reacted positively...

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Mixed Messages

Mixed Messages

Friends Today was a day of totally mixed messages. On one hand, we had an upward revisal to the 4th quarter GDP number and a very strong Chicago PMI number. On the other hand, Dr. Bernanke’s testimony in front of Congress was disturbing to the “risk on” crowd, as...

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13,000-Finally

13,000-Finally

Friends Well, the Dow finally held and closed above 13,000 and the S&P 500 above 1370 for the first time since the summer of 2008. On the economic front, the durable goods number was disappointing this morning as well as the Case-Shiller index (which indicated that homes continue to...

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Quiet Reversal

Quiet Reversal

Friends The bull market pattern continues. After being down 100 Dow points early this morning, stocks once again had a nice reversal and finished the day just about flat. This pattern has been in place so far this year, with stocks opening lower and recovering as the day progresses....

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Tepid Tone

Tepid Tone

Friends, Hovering around the 13,000 milestone again, traders appeared lackluster as stocks see-sawed much of the day despite the latest dose of data – upbeat consumer sentiment news. The Dow eased back just 2 points at 12,983 while the S&P tallied 2 points to finish closer to that 1370...

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Back in Gear

Back in Gear

Friends, Investors shrugged off yesterday’s bout of selling and the Dow once again teased the 13,000 level before closing up 46 at 12,984. The S&P finished up 6 points at 1,363. Along with a good home sales report, the markets were mostly up on economic data showing the jobs...

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Quiet Reaction

Quiet Reaction

Friends Well, we got a deal in Greece (just delays the inevitable for a little while longer) yet traders seemed somewhat uninspired as the Dow Jones Industrial Average, having taken out 13,000 earlier in the session, ended the day only slightly positive. For the day the Dow average finished...

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