Archive for category: Market Commentary

IBM Pushes Dow Higher

Friends  Led by the massive advance of the shares of Dow component IBM, the industrials smashed through the 23,000 level with ease. The rest of the market’s move was somewhat muted, but nevertheless we continue to climb higher. It’s only a small sample size, but earnings season is off...

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Earnings Season Begins

Friends  Stocks were a bit soft today as earnings season kicked off with a couple of large banks reporting. Both JP Morgan Chase and Citigroup had fine earnings reports, but the shares of both banks ended down for the trading session. This is what I have been concerned about...

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Nervous Columbus Day Trading

Friends  Stocks showed a little sign of nerves during today’s trading session as we look to enter the latest earnings season. Indeed, shares are somewhat priced for perfection, so any disappointments will likely be greeted by a hostile reaction. With the bond market closed for Columbus Day it was...

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