Friends After a week of gyrations spurred by comment after comment from the nation’s politicians, the markets seemed simply out of gas today. The President spoke in the morning- nothing. Speaker Boehner made some comments and answered a few questions a couple of hours later- nothing. Traders finally decided...
Friends Looks like there could be a deal! The Republicans need to bring a serious offer to the table! The Democrats have not offered one serious spending cut! Are you getting tired of these proclamations every couple of hours? Do we really expect the politicians to get in front...
Friends We had quite a reversal today in equities, as after a 100 plus Dow point early morning drubbing, stocks spurred on by comments from Boehner and Obama(and later WSJ rumors that the Fed may be ready with QE4 – yes it is almost laughable at this point) and...
Friends Early in the day, we received a plethora of positive economic news including a better than expected durable goods number, a decent Richmond Fed number and another decent consumer confidence number. In addition, we now have seen home prices rise for the last 6 months. All this positive...
Friends After Friday’s “the adults are away so the kids will play” rally, stocks somewhat expectedly saw some profit taking in early trading today. But after last week’s revival in equities, today’s give back was not really that bad. Of course, we have to keep one eye on Greece...
Friends Stocks seemed destined to drift aimlessly today, but the midday news that there was a ceasefire in the works in the Middle East helped spark a little rally in stocks. But with traders itching to get home and begin their Thanksgiving holiday (Friday is a half day of...
Friends After a couple days of rising prices, stocks paused today for a little regrouping. Unfortunately, we got the politicians out of town, but the Fed Chairman was dropping pearls of wisdom at a monitored lunch event, indicating that if the politicians take us over the fiscal cliff, he’s...
Friends Let’s see, the President is out of the country, the Congress is out of Washington D.C. and stocks explode to the upside. Coincidence? I think not. That’s right, with nothing very noteworthy on the “fiscal cliff” front, traders were able to take a breath today and actually plow...
Friends After being down in early trading, stocks rallied late in the morning when Congressional leaders emerged from their meeting with the President holding hands and singing Kumbaya. Yes, they said all the right things, like they know what they have to do etc., and that sure was encouraging....
Friends Here is how I can best describe what is going on in the stock market right now. Imagine a large spring that is being pushed down upon day after day by traders and investors. As the spring continues to compress it is storing up more and more energy...
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