Friends It was another roller coaster day for stocks on this last trading day of the month and quarter. Stocks spent time in both positive and negative territory throughout the day, as traders couldn’t make up their mind if they wanted to end the quarter with a buy ticket...
Friends Before the Fed statement which was released at 1:00 our time, stocks were just biding time, basically straddling the breakeven line. But the statement, which was a bit more bullish/hawkish than we have seen, seemed to reinforce the notion that interest rate increases would be forthcoming possibly sooner...
Friends With a backdrop of students protesting for more democratic freedom in Hong Kong, stocks tumbled decisively in early morning trading with the Dow falling as much as 178 points. But as the day wore on, bargain hunters started picking at the pieces and prices recovered some in afternoon...
Friends I don’t know about y’all, but I feel a little nauseous having been on this stock market roller coaster this week. After yesterday’s mess, stocks rallied hard today, not quite recovering all of yesterday’s losses, but nice gains regardless. The final revision to 2nd quarter GDP was impressive,...
Friends As I mentioned yesterday, today illustrates why we stay out of the prediction game. After yesterday’s gains in stocks, today was a total mess. Despite a mundane overnight futures market, stocks took a dive right from the start of trading and kept falling throughout the day. Yes, the...
Friends Once again, just when it looks like the bears might have something cooking, stocks turn right around and head higher. Today, buoyed by a much better than expected New Home Sales number (some claim distorted), stocks rallied in early trading, and added to gains as the trading session...
Friends Another difficult day for stocks, as buyers seem to be on strike after news of bombing overnight in Syria and, of course, last week’s drama with the Fed. There was smattering of green today on my screen, but for the most part the bears had control of the...
Friends Stocks took a bit of a beating today, as buyers just seemed to be absent after all the hoopla over last week’s Fed meeting and the Alibaba IPO. Another disappointing housing report (Existing Home Sales) didn’t help matters any, and gave the bears something to rally around today....
Friends While market participants waited for Alibaba to begin trading today, early action in the trading session was positive due to the “NO” outcome in Scotland as the move for independence failed for the moment. Finally, in late morning trading, Alibaba (the largest IPO ever) did start trading well...
Friends As market participants wait for the results of the vote in Scotland, stocks enjoyed a hearty rally, as the bulls built on the aftermath of the Fed statement yesterday and the better than expected weekly jobless claims number this morning. Tomorrow will bring us the Alibaba IPO, options...
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