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2.2.2017 Bookmark

2.2.2017

Good morning all, welcome to Thursday. 

Have you ever noticed how sometimes life just gets in the way? We all have. Last evening the wife says to me at about 9 pm... there's no hot water. Hmmm, what's up with that. So a quick trip to the garage and I find the breaker has tripped. That's not so good, they rarely just decide to pop for no reason. So I flip the breaker and head over to the water heater.  

2.1.2017 Bookmark

2.1.2017

Hello everyone. Are you ready for another day in this wonderland we call a market?  

Yesterday followed the plot of the day before. A deep drop at the open, which they spent the bulk of the day fixing. On Monday we had dropped 226 only to end the day down 122. Yesterday we were down 186 only to end the day down 107

1.31.2017 Bookmark

1.31.2017

Hello all, it's Tuesday. Do you have your "what's Trump going to do" popcorn bowl ready?  One thing is for sure, love him or hate him, he's not boring. Every day brings something to talk about, and today will be no different. 

1.30.2017 Bookmark

1.30.2017

Good morning all, welcome back from what I hope was a great weekend. Ours was one of the quieter one's we've had lately, as we stayed close to home Saturday and then Saturday evening the weather turned on us. We got a bit of rain and "for here" some cold weather came through. Sunday was dreary, wet and "cold". So it was a good day to make stew, catch up on some overdue Emails, and "shelter in place". 

1.27.2017 Bookmark

1.27.2017

Mornin' all, we've made it to Friday. I wonder what it brings....

Okay so we got our DOW 20K and yesterday we spent the session digesting that move.  While the DOW managed to inch higher, gaining 32, the S&P couldn't stay green and ended the day down a point. However once again there was horrible volume. At the end of the day the SPY only traded 60 million shares.  To put that in perspective, back on Nov 9th when they all decided that a Trump win might indeed end up being okay, the volume was 259 million. When you get an up day ( or down for that matter) on big volume, you know the move is confirmed. It shows that a "lot" of people traded a LOT of stock.  

1.26.2017 Bookmark

1.26.2017

Good morning all, we've made it. After a month of trading sideways and banging our heads on that prize, we finally overtook it. There was much blowing of kazoo's, and high five's.

1.25.2017 Bookmark

1.25.2017

Good morning all, is today the day?   After a month of trading sideways, they decided on some random Tuesday (yesterday) that is was finally time to go back and attack DOW 20K.  Why yesterday? You can all come up with your own ideas, but the bottom line is that there wasn't really any catalyst. Earnings are still coming out as normal, meaning that if they used GAAP accounting they missed the estimates, but if they report "non GAAP" they're all basically beating estimates. Then of course we have more companies announcing they're going to take on debt and buy up more stock.  So nothing's changed there. 

1.24.2017 Bookmark

1.24.2017

Hello everyone, here comes Tuesday. 

Monday was a sleeper. While they did take us well off the lows of the day, when it was all over we were still down yet again. I think that makes 7 of the last 8 days where the DOW slid sideways and down. It is beginning to look like we might not get that last hurrah push higher.

1.23.2017 Bookmark

1.23.2017

Good morning all, welcome back from your weekend. I hope it was a good one for you all. Down here in Florida, things got a little wild weather-wise. For two days we had been warned that Sunday afternoon could bring dangerous weather, starting at about 3 pm. I'm a bit of a weather geek ( you get that way when you live on the Jersey shore and like to venture 100 miles offshore to chase yellowfin and longfin tuna)  and said on Friday that I thought the weather would make its appearance around 8 pm. 

1.20.2017 Bookmark

1.20.2017

Good morning all. I'm writing this considerably earlier than I normally would, only because at 8 am, I'm going to be sitting in the dentist chair. 

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