Monthly Archives: April 2010

4.30.10 – Never A Dull Moment

The market reversed course again as fears about a criminal prosecution of Goldman Sachs and skepticism about continued growth at Barclays Plc overshadowed reports showing strong growth in the U.S. economy last quarter.  The government temporarily banning offshore oil drilling … Continue reading

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4.29.10 – Hump? What Hump?

The action the past three days reminds me of the line from “Young Frankenstein” when Gene Wilder (Frankenstein) tells Marty Feldman (Igor), “I can fix that hump” and Feldman says, “Hump?  What hump?” Pullback?  What pullback? The major indexes staged … Continue reading

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4.28.10 – When PIIGS Fly

The market recovered some lost ground, with the Dow rising 53 points to close at 11,045.27.  The S&P 500 Index gained .65% but the Nasdaq Composite was flat, rising only .01%.  The Federal Reserve restated their intention to keep the … Continue reading

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4.27.10 – A Perfect Storm

Ingredients for a perfect storm in the financial markets: 1) lower Greece’s credit rating to junk status by Standard & Poor’s, the first time a euro member has lost its investment grade since the currency’s 1999 debut; 2) add in … Continue reading

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4.26.10 – Still Waiting For That Other Shoe To Drop

Wall Street is adept at handling good news and bad news, but it doesn’t like uncertainty.  Concerns about what latest goody is coming out of Washington to regulate banks sent financial share stumbling and the overall market lower.  The Dow … Continue reading

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4.23.10 – Everything’s Coming Up Roses

The biggest jump in new home sales in almost 50 years overshadowed any lingering concerns about the Greece and Goldman Sachs debacles, as the Dow Industrials tacked on an additional 70 points to close at  11,204.28.  The S&P 500 Index … Continue reading

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4.22.10 – Greece Is(n’t) The Word

Wow. After a sharp drop on the opening bell thanks to the financial crisis worsening in Greece, the market rallied after President Obama ended a speech calling for congressional passage of a financial regulation overhaul bill.  The Dow Industrials gained … Continue reading

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4.21.10 – A Mixed Bag

The market turned in a mixed bag today, with the Dow Industrials up 7 points to 11,124,92; the S&P 500 Index down .01%; and the Nasdaq Composite up .17%.  Tech stocks received a boost by Apple’s great earnings report. ETFs … Continue reading

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4.20.10 – What, Me Worry?

Thank you, Alfred E. Newman!  The market certainly acts like everything is hunky-dory.  The Dow Industrials added 25 points today to close at 11,117.06.  Unlike yesterday both the S&P 500 Index and Nasdaq Composite put in strong days today, each … Continue reading

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4.19.10 – Buy What They Don’t Want

There’s an old saying on the Street to buy what they’re throwing away.  That seemed to be the case today. The market opened lower but held its own during mid-day and came to life in the closing hour, with the … Continue reading

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