Friends The last trading day of the year is typically pretty dull. Not today. As rumors and reports of a “fiscal cliff” deal bombarded traders, stocks gyrated back and forth in wild fashion. As of this writing, it looks like some sort of deal has been agreed to, and...
Friends All eyes are on the White House as we wait for word on the “fiscal cliff” summit meeting that the President called for this afternoon. The most likely scenario is that some sort of very short-term band aid will be hashed out, leaving both sides their leverage for...
Friends As expected, the day after Christmas trading was light and the markets were mostly quiet other than a little spike in oil prices. Stocks simply meandered mostly in negative territory for the day, as there was nothing new for traders to chew on with regards to the fiscal...
Friends After last night’s embarrassment for Speaker Boehner, stocks sold off today as traders are becoming less convinced that a “fiscal cliff” deal is soon to be had. No, the Speaker could not even garner the votes for his “plan b” from his own troops. As I mentioned yesterday,...
Friends More political wrangling, as the dueling press conferences continue. If it hadn’t already, it is now becoming comical. When all was said and done, traders decided to buy a little bit of yesterday’s dip and stocks staged a modest rally. It seems that market participants still believe that...
Friends Dueling press conferences cast a negative pall on the markets today, as after being encouraged that the “fiscal cliff” talks were going well, traders today showed concern that the talks may not be going quite so well. For the day, the Dow Jones Industrial Average was down 99...
Friends It seems as if the bulls are borrowing from the “fiscal cliff” deal announcement rally, as stocks continue higher despite no real evidence that a deal is imminent. Traders seem convinced that something is going to get settled before Christmas, and the bears who were positioned to the...
Friends Stocks rallied today on hopes that the Speaker and the President are making progress with their “fiscal cliff” talks. As we know, the Speaker delivered a proposal to the President on Friday, and again this morning the two met at the White House. The market took this activity...
Press Release from Woodlands Online THE WOODLANDS, Texas — On Thursday, December 6 Carlton, Hofferkamp & Jenks Wealth Management conducted their annual Toys for Tots shopping excursion, filling up baskets of toys and sporting goods from Toys R Us and Academy Sports. The CHJ elves then delivered the goodies...
Friends Another day of waiting for politicians to say something intelligent (I’m sorry but writing that just made me laugh). We had our daily dousing of the “they’re getting it done behind the scenes” flames by Speaker Boehner and Senate Majority Leader Harry Reid. If they indeed are coming...
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