Friends As the Libyan situation continues to be in the forefront of trader’s minds, every rumor sends the market careening in one direction or another. Yesterday we first heard that Gadhafi had chemical weapons ready to be used. Market goes down. Later in the day we get a rumor...
Friends We will attempt to keep you up to date with the Libyan situation and its effect on the markets. Today was similar to yesterday with oil trading higher (at one point crossing $100 on the NYMEX) and stocks trading lower. At one point, the Dow Jones Industrial Average...
Friends The unrest in Libya finally broke the uptrend in stocks today. Stocks fell early in the morning and continued throughout the day with the Dow Jones Industrial Average ending down 178 points (-1.44%). As would be expected, oil and gold were both up big for the session. As...
Friends Austerity doesn’t feel too good when it’s your privileges and money that someone wants you to do without. We are seeing in Wisconsin that the austerity movement has come to our shores, and sometimes it is not pretty. This is only the beginning of the discussion as politicians...
Friends As we return this Monday, stocks seem to continue to want to move higher. At the close the S&P was slightly higher. Still, traders continue to be concerned with valuation and the fact that we have not had any sizable retracement in prices in quite a while. As...
Friends Welcome from the frozen tundra here in Texas. What the heck is going on around here. If this is what “climate change” is all about, you can count me out. Anyway, let’s get to the markets. As we reported earlier in the week, stocks got above the Dow...
Friends Stocks rallied to two and a half year highs as the Dow Jones Industrial Average ended the day up 148 points to close well above the 12,000 level. The S&P 500 closed at 1307 easily surpassing the psychological 1300 barrier. The news out of Egypt was mixed as...
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