Monthly Archives: November 2010

The stock market continues to sing the blues as November ended on a down note.  The Dow Industrials lost another 46 points to close at 11,006.02.  The S&P 500 Index dropped .61% and the Nasdaq Composite was slammed, falling 1.06%. … Continue reading →

Almost three weeks ago the blog discussed “Whither the Dollar?”  Guess not!  The U.S. Dollar continues its rally that began on November 4th.  Coincidentally (or not), that matches up with when the stock market topped out. Equities opened down hard … Continue reading →

Were it not the week before Thanksgiving I would be a bit concerned about the lack of follow-through today.  On the other hand, my mother (of blessed memory) used to say that if I wasn’t worrying about something, I wasn’t … Continue reading →

“Wall Street celebrates all daaaaaay….” The market reacted with favor to news of an EU rescue of Ireland’s banking system.  Tie that in with GM returning to the public marketplace and improved manufacturing and employment data, and you have all … Continue reading →

For the first time in about six weeks the market indexes turned in Narrow Range 7 (NR7) days.  A NR7 day is where today’s range is the narrowest it’s been in the last seven days.  It appears that the “panic” … Continue reading →

Gee, here was something no one expected…worries that the debt crisis in Ireland and Greece is worsening and China is raising rates to slow its economy, dropped the hammer on the stock market.  Who’d a thunk it? Who didn’t thunk … Continue reading →

If you watch any police movies or TV shows, you know that they trace the whereabouts of the bad guy by following the money.  We can do the same thing in projecting what the stock market is going to do. … Continue reading →

Once upon a time, when the U.S. stock market sneezed it was the rest of the world that caught cold.  And now?  The Big Kahuna appears to be China.  Amid speculation that China will raise rates in an effort to … Continue reading →

War, what is it good for?  Absolutely nothing.  But that doesn’t stop us from saluting our nation’s veterans and thanking them for their service. “Was” is the operative word today because Cisco Systems’ shortfall shows the risk in government spending … Continue reading →