Archive for category: Market Commentary

Shake It Up

Shake It Up

Friends The news of the day was the 5.9 magnitude earthquake that hit the east coast. Amazingly, it was felt all up and down the east coast as well as places as far away as Ohio and Michigan as well as Canada. Stocks were enjoying a nice day right...

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Reason to Believe

Reason to Believe

Friends “At the end of every hard earned day people find some reason to believe.” Recently, I had a request to include some more song titles and lyrics into the daily updates, and I thought what a better time than today, at the end of the third week of...

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Here We Go Again

Here We Go Again

Friends After a nice calm Wednesday, where the Dow was up a mere 4 points, this morning promises to provide plenty of fireworks and some additional volatility. Rumors in Europe once again center around European banks, and the markets around the world are lower as gold continues to rise....

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Back Down We Go

Back Down We Go

Friends As we pointed out this morning, the craziness is back as stocks fell more than 4% on the S&P 500 again today, albeit on a bit lighter volume than last week. The Dow Jones Industrial Average closed down 419 points after being down more than 500 points late...

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Macro Wins the Day

Macro Wins the Day

Friends Stocks were down from the start today with the Dow Jones Industrial Average down as much as 190 points early in the session, but as the day wore on, shares attempted to rebound and the DJIA finished the day down a quiet 77 points. Decent economic news including...

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Unloved Rally

Unloved Rally

Friends, Since the drubbing that stocks took last Monday and Wednesday, we have seen a very nice three-day rally, which by the way, no one seems to care about or like. Traders don’t seem to really believe what they are seeing and continue to worry about tomorrow’s meeting between...

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Exhaustion

Exhaustion

Friends Stocks had an upward bias today right from the start despite an awful consumer confidence number (is it any surprise that consumers would be cautious given the circus they have been exposed to over the past 30 days?). The Dow Jones Industrial Average was up about 180 points...

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The Market Giveth and…

The Market Giveth and…

Friends Well the best thing I can say about today’s market is that it was an orderly decline. Unfortunately we wiped away yesterday’s gains with the Dow Jones Industrial Average falling 20 points. We started the day falling more than 430 points, then recovered by midday to be down...

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