Friends Well, your intrepid advisor/author of emails (that would be me) suggested that stock market volatility, especially intraday volatility was likely to pick up this earnings season. Indeed, it has and today was another example. After yesterday’s shellacking, stocks rocketed to a 200 plus Dow point rally this morning,...
Friends Stocks had their worst day of trading for some time today. The reasons varied from the selloff in the bond market (with the 10 year rate rising to 2.73%) to the healthcare initiative announced by Amazon, Berkshire Hathaway, and J P Morgan Chase. Of course, the President’s first...
Friends After last Friday’s blow off type afternoon rally, the bulls showed up for today’s session a bit less enthused. It’s a big week for earnings, so there will be a lot of ebbs and flows with regards to corporate earnings news, and of course tomorrow night we have...
Friend Fueled by good earnings reports and despite a 4th quarter GDP number that came in a bit light, stocks continued to rip to new highs. Yes, the economic backdrop is good, but stocks seem to have a mind of their own right now. Any minor move down gets...
Friends Today’s trading session was a lot like yesterday’s – up early, a selloff, a big rally, another selloff, and then a drift into the close. The Dow once again did better than both the S&P and the Nasdaq. Yes, individual shares are responding to earnings reports, but the...
Friends Well, that was an interesting ride. Stocks bolted to new highs in early morning trading on the news, (well there really wasn’t any news- stocks just went up because the market was open), but then turned and retreated only to recover in the afternoon. The Dow was up...
Friends Earnings are starting to move stocks in different directions. Netflix shares, for instance skyrocketed after a stellar earnings report, but J&J and P&G shares both slumped. All in all, it was it was a mixed day for the market averages. By the close, the Dow Jones Industrial Average...
Friends Stocks were quiet at the open as traders kept an eye on the government shutdown and the scheduled late morning Senate vote. Not surprisingly, the gang on the hill kicked the can down the road for another 3 weeks, so we get to do this all over again...
Friends Isn’t this fun, we get to talk and worry about a government shut down once again. Yes, the game of chicken is on and after all the blustering and tough talk we get to see who blinks first. Other than the likely effects it would have on stocks,...
Friends In terms of today’s market environment, yesterday’s stock market reversal that saw the Dow give up a near 300 point gain would now be considered a ravaging bear market. I jest, of course (I think) but yesterday’s reversal was quickly and easily forgotten by the opening of trading...
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