Friends The markets do love central bank intervention don’t they? Just when Janet Yellen and the Fed are wrapping up QE here at home, the Bank of Japan has decided to take it up a notch. The result- a falling Yen, a surging dollar, collapsing gold (in dollar terms),...
Friends Today’s quiet, uneventful trading session, seemed like a bit of the quiet before the storm. On the agenda for the week is a slew of earnings reports, and of course, the FOMC meeting, which begins tomorrow. Stocks were quiet most of the session, quietly drifting from red to...
Friends After all the hand wringing about the Ebola case in New York City, and the subsequent drop in overnight trading of the S&P futures, stocks staged an impressive rally in today’s trading. It seems market participants had several hours to calm down before normal market hours this morning,...
Friends Buoyed by some better than expected earnings reports from the likes of 3M and Caterpillar, stocks rallied once again in early morning trading and tacked on more gains as the afternoon wore on. Just about an hour before the end of trading, another Ebola story hit the market...
Friends Stocks looked like they might enjoy another day of gains as trading began this morning, but by midday the shooting in Canada seemed to have the markets on edge and stocks gave back some of the gains of the previous 3 sessions. Despite the 3 day rally, stocks...
Friends As the late Harry Caray used to say “Holy Cow”. It was just last Thursday, at the opening of trading, when it looked like the downturn that we were experiencing was only going to get worse. A few trading days later, and the bulls are starting to feel...
Friends Despite a disastrous earnings report from IBM, which weighed heavily on the Dow, stocks actually had a pretty good day today. Maybe it’s because the deleveraging of hedge funds is coming to an end (thanks to the margin clerks), or the hope of more help from the Fed...
Friends Today’s rally was fueled by hopes that the Fed stands at the ready with more QE should things deteriorate in the markets/economy. If we are in a correction or even entering a bear market for stocks, these sharp rallies are common. On the other hand, perhaps this was...
Friends Wow, what a crazy day. Not often do you find stocks down as much as they were at the close, yet feel pretty good about it if you’re a bull. That’s because at one point today, the Dow was down 460 points, yet rallied in the last hour...
Friends First, just a quick note/reminder- estate attorney Paul Strug will be in our office next Monday, the 20th. If you would like to visit with Paul at our office, just let us know and we will arrange a time for you to do so. Now, the markets… Well,...
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