Blog Archives
Asia, Greece and More
February 16, 2010
Good morning. It was a very interesting week for the market last week. The SPY advanced 1.38 (or .9%) on the week to close at 108.66, after actually trading lower on last Friday than the close of the week before. It was actually a fairly impressive rally off the lows last Friday, as the low opening was associated with negative market news from both Europe and Asia.
Bottom of the Economic Tub
December 7, 2009
Good morning. It was a strong week for the market last week after that sneaky sell-off the day after Thanksgiving due to the impending default of Dubai World. Dubai World, $60 B, Dubai stock market down 6% this morning, chump change, who cares?
The Auto Industry
March 30, 2009
Good morning. Another solid week for the market last week, as the market, in the last four days, was able to sustain the levels reached on last Monday’s strong rally. Despite a down Friday, the S&P closed at $81.61, up 4.90 or 6.4% on the week.
Like a Shout in a Hurricane
December 29, 2008
Good morning. The year end rally continues to be elusive, the VIX is creeping down steadily, the market may be settling into a range at levels no one is happy with, are these the cards being dealt? Right now it seems so. On the credit front we continue to have such fear that the 30-year rates on U.S. Treasury Bonds are 2.6%. Incredible, does anyone know any sane person who would give their money to anyone for 30 years at an interest rate of 2.6%? Does anyone really predict that there will be zero inflation for 30 years?
The real answer is that the “answer” varies by investor.
December 1, 2008
Good morning. I hope everyone survived the Thanksgiving Holiday and was able to do whatever shopping was necessary without any undo problems, like being trampled. The question now is whether the wait in line for the once-in-a-lifetime bargain produced a prize to be kept or sold on Ebay for a profit.