It’s hard to believe but Labor Day is upon us. Where did the summer go? Just for fun I looked up a few facts on the holiday. Labor Day, it is thought, was first proposed in 1882 by Matthew McGuire while serving as secretary of the CLU (Central Labor Union)…
The three month trend in the indexes was tempered by a minor sell-off last week. The indexes met resistance at past 4 to 7 year highs. The good news/bad news game impacted the market. On Thursday, James Bullard, St. Louis Fed President, talked about the improvement in US economic data…
The broad-based indexes were up for the sixth straight week and the 10th time in 11 weeks. The summer rally has seen an 11% increase since June lows. This week’s market impetus was provided by Cisco (CSCO) and Apple (AAPL.) CSCO results exceeded analysts’ expectation and were accompanied by a75%…
Yogi Berra, member of the Baseball Hall of Fame, is renowned for his quotations and malapropisms. Many of these contain sage advice applicable to trading. Two of my favorites are, “You can observe a lot by watching” and, “If you don’t know where you’re going, you’ll wind up somewhere else.” …
Ok the obvious thing I will write about today, is ah…the Olympics. Here a few tidbits you may not have heard. Anyone notice the sand at the beach volleyball does not stick to the players? They can sweat and roll in the stuff and they come with hardly a grain…
Last week I characterized watching the market as being in the same league as following a drunk driver. Monday through Wednesday did their best to convince me that perhaps I was wrong. Perhaps the markets had finally reached an equilibrium. Ha. Thursday’s market was down 1.5% before rallying nearly 1%…
I am writing this in the terminal at the Greenville-Spartanburg Airport. My wife and I are returning to Chicago after spending four wonderful days in the mountains on the border of North Carolina and Georgia. Last week’s market was characterized by wild intraday moves culminated by daily upward moves approaching…
Today kicks off the 2012 Summer Olympics in London. The talk seems to be centered around Phelps in swimming (as usual), whether Jamaica’s Usain Bolt is fit and how dominating the US Basketball team will be. These couple weeks remind me a bit of March Madness in the NCAA Basketball…
The markets finished flat despite a sell off on Friday. An increase in Spanish yield stirred some fear in a market where there appears to be no significant buyers or sellers. Volume for the week indicated a lack of bullish or bearish sentiment Positive earnings reports from Google, General Electric,…
Back when I was a kid, there was a show called “Mr. Ed”. Ed was a talking horse but only talked to his owner, Wilbur. No one else knew he talked. Pretty talented horse. However another talented horse has shown up in Indiana named Justin. Justin’s talent? Painting. He has…
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