The Dow Jones Industrial Average (DJIA) was down nearly 2% on weak earnings, even weaker corporate guidance and the looming “fiscal cliff” The Dow Jones Industrial Average (DJIA) lost 263.60 points to close at 13,107.21 – a loss of 1.77%. The entire loss for the week took place on Tuesday. …
A guy in Brazil freaked out his family and friends by showing up at his own funeral this week. Truth is, the guy in the coffin was thought to be another, whose name was Gilberto. There was no relation between Gilberto and the dead person, but obviously their appearance was…
What a strange last week. First, the CEO of Citigroup abruptly resigns the day after the announce earnings. No hints no clues. Just “By the way Vikram is not coming in today…or ever. Now let us introduce you to Mike”. Interesting way to handle the departure of the head of…
The indexes, with the exception of the tech heavy NDX, hovered around unchanged for the week. Current market sentiment was colored by the largest daily downturn in the markets since June. An accumulation of earnings disappointments was blamed for the sell-off. The list of disappointments was led by Google (GOOG).…
Equities and equity indexes posted losses of over 2% last week. The market prognosticators point to a rotation out of technology into equities with high dividend yields. Others placed the blame on profit taking after strong third quarter market performance. A number of factors contributed to the downward move. On…
I am interrupting my normal blog intro this week so I can watch how the New York Yankees respond to Donald Trump’s request that A-Rod be moved from the number 3 spot in the lineup. After last night’s pinch hit performance by Raul Ibanez filling in for A-Rod, I am…
Equities and equity indexes posted modest gains last week. The markets started with gains on Monday after a positive ISM-manufacturing report. There was an absence of the intraday and interday volatility which often characterizes “Employment Week.” The markets ended with a sell-off on Friday to show a minimal difference from…
Last night was the first of the presidential debates. Obama was the guy with blue tie and Romney had on the red one. Plenty of pundits out there breaking it all down. But since I know our readers are busy I am going to provide a condensed summary of what…
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