Market Tantrum

Market Tantrum

Friends   Market participants threw a little tantrum today when Fed Chair Powell indicated that, though the Fed was indeed concerned about the back up in longer term interest rates, they weren’t ready to do anything about it. In other words they are not ready to step in a...

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Nasdaq Tumbles Again

Nasdaq Tumbles Again

Friends   It was another ugly day for the Nasdaq, as the high flyers of the pandemic era continue to see the air let out of the bubble. Bubble, you ask? Well, yes. When stocks begin to trade at ridiculous multiples not only to earnings but just to sales,...

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The Empire Strikes Back

The Empire Strikes Back

Friends   Not that Apple, Facebook, Amazon, Microsoft and Google represent the dark side of the force, but in recent times they have represented the Empire, basically carrying the market averages in 2020 and prior years. But, as we have seen, these market leaders have seen quite a bit...

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More Market Swings

More Market Swings

Friends   Wow, it was another day of wild trading. After being down sizable in early morning trading, stocks recovered to post impressive gains by the close. It was a day of strange bedfellows with the crazy stocks like GameStop getting a second wind (or is it more like...

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Stocks Flatline

Stocks Flatline

Friends   The week from hell here in Texas is almost over. As for the markets, things were a bit choppy today as the market averages struggled to show any real direction. Market participants are focusing their attention back on vaccines and economic reopening. With that in mind shares...

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