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10.9.2017 Bookmark

10.9.2017

Good morning all, welcome back from your weekend. Unless of course you work in a bank or something and you're off for the Columbus Holiday. Then, I'm extremely jealous of you. 

10.6.2017 Bookmark

10.6.2017

Hello everyone, welcome to Friday, and this particular Friday is also "jobs" day. Yes today we get the non farm payroll report. 

As I sit here waiting on that, let's chat about a couple things. First off, I don't think that the market is going to care what the jobs number is. Why? Because of the Hurricane's they know that things got disrupted in a big way, they know it's probably temporary and they're not going to sweat a strange number.  So this jobs report probably isn't terribly important. 

10.5.2017 Bookmark

10.5.2017

Good morning all, welcome to a new day. 

You all probably know that yesterday for no really wonderful reason the market put in new highs again. This morning the futures are.... drum roll.... green. Imagine that.

10.4.2017 Bookmark

10.4.2017

Hello everyone, welcome to another day. 

10.3.2017 Bookmark

10.3.2017

Good morning all.

If you're wondering "what the hell was yesterday all about" you weren't alone.  Art Cashin has been a staple on the exchanges for a long long time. This is his quote on a quick interview by CNBC

10.2.2017 Bookmark

10.2.2017

Hello everyone, welcome to a new week and a new month. Let's see if they push the market ever higher through October, as they have in September. 

9.29.2017 Bookmark

9.29.2017

Good morning everyone, welcome to a new day. Oh, and a Friday no less!

Yesterday they put in another low volume "up" day, and they weren't going to let anything take it away.  But then, it's easy to "create" an up day when the total volume of shares traded on the SPY is only 44 million.

9.28.2017 Bookmark

9.28.2017

Good morning all, welcome to a new day. 

Wasn't yesterday a hoot? Out of the gate big, pushing for new highs, and then all of a sudden the air came out and from up 80, we went red by 26. The details of the tax reform plan was being "leaked" and they didn't love it.  
But then Trump got on TV in a live interview, and he pushed it as the best thing since sliced bread. The market bought it hook, line and sinker. 

9.27.2017 Bookmark

9.27.2017

Hello everyone, welcome to a new day.

Yesterday the market went to sleep. There is always some movement "somewhere" no matter how flat the indexes are, and we saw that in a few individual names.  But overall it was a lackluster session.  I think the reason the market was so flat, was because it was divided 50/50 over what the hell Yellen actually said. Some think she was hawkish, some dovish. So, they didn't quite know how to respond. 

9.26.2017 Bookmark

9.26.2017

Good morning everyone, I hope the morning finds you well. 

Yesterday we had a "red" day. Late in the afternoon, they did their best to get us off the worst levels and when it was all over, we had the DOW off about 55, the S&P off about 5. In a market this tall, that's not even a rounding error. Some were blaming the fall on the increased rhetoric between NK and the US, but I don't really buy that. In the beginning acts of the war of words, the market would indeed get shook up over the strong language, but after seeing "nothing" happen time and time again, they've learned to ignore it all. 

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