Friends On the last day of the quarter the markets took mercy on the beleaguered bulls. Fueled by rallies in overseas markets, stocks were poised to open to the upside and did so. Fortunately for the bulls, the gains were sustained throughout the trading session and the recent pain...
Friends Despite the bulls (are there really any left?) valiant attempt to rally the troops, stocks gave up early gains and seem intent on testing the August lows as we entered the final hour of trading. But a last fifteen minute rally got us back into positive territory by...
Friends Back in August, when we experienced the first real sharp market selloff in quite some time, on our conference call and subsequent emails we opined that it is likely that we will test the lows established that week in the days and weeks ahead. It is not uncommon for...
Friends Well, we had another reversal today, unfortunately this was one that saw the market averages give up some hard earned early morning gains. Buoyed by seemingly more hawkish remarks from Fed Chair Yellen on Thursday afternoon (after she fumbled the ball last week), stocks got off to a...
Friends The good news was that we had a nice reversal today. The bad news was that we still finished down for the day. After a 260 point Dow drop, stocks did recover quite a bit as the afternoon wore on. It wasn’t so much a rush to sell...
Friends Despite a small early morning rally, stocks never seemed to be able to find good footing today, as shares drifted along in negative territory as the trading session wore on. Other than a plea from former “bond king” Bill Gross for the Fed to bite the bullet and...
Friends Stocks, fueled by weakness overseas, got off to a very difficult start at the opening of trading and spent the rest of the day trying to lessen the damage. Continued concern of global slowing seems to be weighing on the minds of market participants. On the domestic economic...
Friends After Friday’s Fed induced carnage (ok, maybe the Fed didn’t cause the selloff, but they didn’t help), stocks began the week with a positive slant as traders came into the week looking for some bargains. Despite a strong early morning surge, stocks did seem to lose a some...
Friends Stocks decided to give up the gains market participants fought hard to achieve earlier in the week in the lead up to the Fed decision. Whether because of the confusing new Fed “mandate” or just the realization of a global slowdown, stocks sold off overseas before our opening...
Friends Where do I begin? It wasn’t that today’s decision by the Fed to not raise interest rates was much of a surprise. The markets may have been sniffing that out all week. What was a surprise was the language in the statement and Ms. Yellen’s comments in the...
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