Archive for category: Market Commentary

Give a Little Back

Give a Little Back

Friends After several days of advance, stocks gave back a little of their recent gains with the Dow Jones Industrial Average down 40 points. The S&P 500 was down 3 points to close at 1203. After touching 1220 yesterday, it will be interesting to see if we settle back...

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Rally Continues

Rally Continues

Friends Stocks continued the rally that we have seen over that past week, although they did finish quite a bit off their highs. The Dow Jones Industrial Average was up 102 points for the day to close at 11,518, while the S&P 500 was up 11 points to finish...

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Quiet Ending to the Week

Quiet Ending to the Week

Friends The non-farm payroll number released this morning came in slightly better than economists had been forecasting (103,000 new jobs) but not enough to make a dent in the unemployment rate which remained at 9.1%. After a volatile week, stocks reacted somewhat calmly with the Dow Jones Industrial Average...

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Loss of an Icon

Loss of an Icon

Friends We lost a true American icon yesterday with the death of Steve Jobs, the leader and face of Apple. His unique vision and ability to shape the future lands him among the great icons of American history. His company will go on, but it remains to be seen...

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Beware of Labels

Beware of Labels

Friends Beware of labels. This morning stocks fell into “bear market” territory on the S&P 500 (down more than 20% from the top) only to rally to the plus side by midday. As the afternoon wore on, stocks fell again as delays in the “Greece” situation and little news...

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Give Some Back

Give Some Back

Friends Stocks decided to give back some of this week’s gains today as the Dow Jones Industrial Average finished the day down 179 points to finish just above 11,000 at 11,010. The S&P 500 was down 24 points to close at 1151. Commodities were all down as the dollar...

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