Archive for category: Market Commentary

Mixed Day

Mixed Day

Friends As we continue to wait for our politicians to come up with a plan to deal with the debt ceiling crisis and a debt reduction deal in general, we got news last night that the French and Germans came up with a “restructuring” deal for Greek debt. At...

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Deal?

Deal?

Friends All day long we got rumors about deals being made over the debt situation, only to be followed up by denials from both the White House and John Boehner’s office. In the meantime, stock traders want to believe that eventually one of these rumors will be true, and...

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The Waiting

The Waiting

Friends “The waiting is the hardest part Everyday you see one more card You take it on faith, you take it to the heart The waiting is hardest part” So says the old Tom Petty and the Heartbreakers song. Here we wait for politicians to decide the credit worthiness...

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QE3?

QE3?

Friends Fed Chairman Bernanke testified before the House today and the main headline to emerge was that, if necessary, there could be a QE3. That’s right. If things get bad enough, the Fed would consider more asset purchases, etc. Never mind that QE2 had no positive effect on employment,...

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Employment News Downer

Employment News Downer

Friends What’s the deal? I leave town for a couple of days and the market goes up 1000 Dow points (no clever remarks on how maybe I should just stay away). Unfortunately, the stock market’s remarkable 8-day run seems to have been doused, temporarily, by this morning’s awful employment...

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4 for 4 = Quite a Week

4 for 4 = Quite a Week

Friends What a change a week makes. Stocks ended the 2nd quarter with a four-day flurry which saw the Dow rise over 152 points to close the quarter at 12,413. Whether it was end of quarter “window dressing” or simply investors deciding that the soft economy was only temporary,...

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News = Volatility

News = Volatility

Friends I felt like I was riding an elevator all day today. The market started today in a downward fashion as lingering disappointment in Fed Chairman Bernanke’s comments from yesterday seemed to weigh on the market. Then came word that the U.S. was going to release 30 million barrels...

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The Fed Meeting and Greece

The Fed Meeting and Greece

Friends We got the Fed announcement today as well as the second Bernanke press conference, and the take away for us was that Dr. Bernanke has no intention of raising interest rates anytime soon, and should it become absolutely necessary, additional measures would be taken. The Fed’s dual mandate...

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