Archive for category: Market Commentary

The Look of Fear

The Look of Fear

Friends Today was what fear and panic look like in the markets. It was very reminiscent of late 2008 and early 2009. The market opened down more than 250 Dow points and pretty much fell all day long. The downgrade of U. S. Debt was the headliner of course,...

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Recapping Yesterday

Recapping Yesterday

Friends For those who were not able to listen in on the call yesterday, let’s first go over what happened yesterday. Simply put, the already soft market was given an additional jolt from the confusion in Europe. The ECB seems not to have a handle on what to do...

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Down Then Up

Down Then Up

Friends After breaking through a major support level on the S&P 500 early this morning, stocks plummeted over 150 Dow points only to recover late in the day to end the day up 29 points. You need motion sickness pills to stomach the wild gyrations we are seeing these...

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At Least a Start

At Least a Start

Friends As you have most likely heard, there has been a tentative agreement on the debt ceiling that should be voted on today. If passed (and it is not a done deal), one could at least say that it is a start. At least we have entered the discussion...

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Count the Votes

Count the Votes

Friends Quite a roller coaster ride for stocks today. After the Dow opened more than 150 points to the upside, stocks quickly plummeted more than 300 points leaving the average down more than 150 points. As the trading day came to a close, it looks more likely that there...

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Anemic GDP

Anemic GDP

Friends The GDP number was just released this morning and the number came in at 1.3% growth for the 2nd quarter. That is pretty anemic growth and the S&P futures sank even lower after the release. Of course, the GDP news pales in comparison to the debt ceiling debate...

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The Market Weighs In

The Market Weighs In

Friends As the politicians continue to make a mess out of the debt ceiling situation, the market has decided to weigh in and make its view perfectly clear. For the third day this week stocks fell, with the Dow Jones Industrial Average falling more than 198 points, about 3%...

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Quiet Nervousness

Quiet Nervousness

Friends As the political sniping and fear mongering continues in Washington, stocks have seen two very quiet down days. As a matter of fact, the market looked like it might want to end in positive territory before news from the White House, that the President would veto the House’s...

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