Monthly Archives: December 2010

12.28.10 – Another Auld Lang Syne

As the year winds down the market turned in another quiet but generally up day today, with the Dow Industrials gaining 20 points to close at 11,575.54.  The S&P 500 Index gained a few cents, up .08%, but the Nasdaq … Continue reading

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12.27.10 – Counting Down The Days

As the market slides down the razor blade of the final days of 2010, we can expect mostly quiet action.  China caught the investment world off-guard by raising rates; not that it mattered much because anyone living in the northeast … Continue reading

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12.23.10 – And To All A Good Night

Not unexpectedly the market action today was quiet, capping a holiday-shortened week.  Economic reports showed small improvements in consumer spending and the job market, and bond prices fell slightly.  The Dow Industrials gained 14 points to close at 11,573.49 while … Continue reading

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12.20.10 – Blog Will Resume On Thursday, December 23rd

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12.17.10 – Check For A Pulse

Talk about your quiet days…it was hard to believe it was a quadruple-witch expiration day.  Despite the passage of a tax bill that extended the Bush-era tax cuts for two more years, and the major indexes hitting two-year highs, the … Continue reading

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12.16.10 – No Blog Today; Will Resume Tomorrow

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12.15.10 – Sell The News?

The market yawned as the Senate passed the tax bill extending tax cuts.  The Street is more concerned with Moody’s warning that Spain’s debt rating may be downgraded, spiking the Dollar and putting downside pressure on the U.S. stock market. … Continue reading

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12.14.10 – Bond Breakdown

The bond market fell of a cliff today as the Fed announced it would maintain the pace of its $600 billion Treasury bond-buying program because a slowly improving economy is still too weak to bring down high unemployment.  The yield … Continue reading

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12.13.10 – C’mon Already!

“Make up your mind already!  Go up, go down, but pick a direction!” Such was the lament I heard today from an old friend who works in the financial services business.  Range swinging is the opiate of traders that drives … Continue reading

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12.10.10 – Grinding Away

The stock market continues to grind away with the Dow Industrials making little headway this week but the S&P 500 Index and the Nasdaq Composite both closing at 52-week highs.  The Dow rose 40 points today to close at 11,410.32 … Continue reading

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