Archive for category: Market Commentary

Facebook Rally?

Facebook Rally?

Friends, Stocks finished an up and down day to the upside with the Dow Jones Industrial Average up 85 points for the day to comfortably close back above the 12,000 mark at 12,068. The S&P 500 was up 7.89 points to finish at the 1,261 level. Gold was up...

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Difficult Week

Difficult Week

Friends, The U. S. economy produced 80,000 new jobs in October, but Mr. Market did not seem too impressed. The actual unemployment rate edged down to 9% from the previous 9.1% but the fact remains, unemployment is a huge problem and job creation has been anemic at best. Stocks...

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Two Down/Two Up

Two Down/Two Up

Friends, The first two days of the week, Mr. Market tried to take our October gains away from us. The last two days, he’s decided to give us back a little of that upward momentum. Today’s gains were fueled once again from European news, and specifically news out of...

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Two Down/Two Up

Two Down/Two Up

Friends, The first two days of the week, Mr. Market tried to take our October gains away from us. The last two days, he’s decided to give us back a little of that upward momentum. Today’s gains were fueled once again from European news, and specifically news out of...

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Update on the Day

Update on the Day

Friends Stocks got off to a good start this morning as there was nothing new out of Europe to deter traders from snapping up some bargains from the previous two days’ carnage. Later in the afternoon the Fed statement was released with an indication that GDP growth will continue...

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A Greek Tragedy

A Greek Tragedy

Friends, November got off to a rocky start today as a combination of European news and additional problems with the MF Global unwinding sent stocks lower right from the start. The Dow Jones Industrial Average was down 297 points for the day and the S&P 500 was down 35...

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Got Some Back

Got Some Back

Friends, The bulls stepped in this afternoon, after a choppy day of trading, and decided to try to get back much of yesterday’s losses. In the end, the Dow Jones Industrial Average finished the day 162 points higher and the S&P 500 was up almost 13 points to close...

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Raging Bull

Raging Bull

Friends, It was a tremendous day in the markets for the bulls as stocks enjoyed a powerful rally after the results of the European Union meetings last night. The Dow Jones Industrial Average was up 339 points to close at 12,208. The S&P 500 was up a whopping 42...

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