Monthly Archives: August 2011

8.31.11 – Blog Will Resume Tomorrow

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8.30.11 – Nervous Nellie

Mr. Market was all over the place today – down 1%, up 3/4%, only to close on the up side.  The Dow Industrials eked out a 20 point gain to close at 11,559.95.  The S&P 500 Index rose .23% and … Continue reading

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8.29.11 – Goodnight, Irene

Irene’s bark was worse than her bite and Wall Street breathed easier since lower Manhattan didn’t flood as was predicted.  It was still difficult for many in the industry to get to work today because few commuter trains were running … Continue reading

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8.26.11 – Batten Down The Hatches

For a change, not because of the market action but because of Hurricane Irene.  She’s a big ‘un and not to be taken lightly! Speaking at an annual economic conference in Jackson Hole, Wyoming, Federal Reserve Chairman Ben S. Bernanke … Continue reading

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8.25.11 -Blog Will Resume Tomorrow

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8.24.11 – Bang The Drum Slowly

After chopping around most of the day the market rallied in the afternoon on news that durable-goods orders and home prices beat economists’ forecasts.  The Dow Industrials gained just under 144 points to close at 11,320.71.  The S&P 500 Index … Continue reading

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8.23.11 – Time For The Rally Monkey?

Or maybe not?  A magnitude 5.9 earthquake strikes Virginia and is felt all the way up the east coast to New York.  Government buildings in Washington, DC are evacuated and the market rallied 100 points (I’m not making that up).  … Continue reading

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8.22.11 – I’ve Fallen And I Can’t Get Up

Although the stock market closed in the black, it was well below today’s highs.  The Dow Industrials rose 37 points to close at 10,854.65.  The S&P 500 Index was essentially unchanged (up .03%) and the Nasdaq Composite added .15%.  Gold … Continue reading

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8.19.11 – Fight The Good Fight

Mr. Market fought the good fight today and clawed its way into positive territory before lunch but succumbed to the fears that have plagued traders and investors for weeks: the European debt situation. The Dow sank another 173 points thanks … Continue reading

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8.18.11 – Damn The Splint…Full Speed Ahead!

Too much going on to let a jammed finger keep me from blogging. The market sailed into a perfect storm today: Bad economic reports, more European bank troubles, and rising unemployment numbers.  The Dow Industrials bled 419 points to close … Continue reading

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