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Taking Off The Rose Tinted Glasses

August 30, 2010


Good morning. We had a very solid rally on Friday of over 1.5% in the SPY that was almost able to turn what had been a very negative week to the positive. As it was, the SPY finished “only” down .6% on the week and finished at 106.86. Friday’s close puts the SPY down 4.2% from the closing price of last year of 111.44. The VIX was actually down 4% on the week, closing at 24.45. What are the “reasons” for Friday’s rally?

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The Ghost of Progress Past

June 29, 2009


Good morning. Very slow week for the market on a weekly basis, but complete with a significant down day on Monday and a large up day on Wednesday. The market continues to move somewhat violently within a range based on whatever news seems to be significant on a given day. On that same theme, the market continues to make news based significant moves, followed by literally hours of very slow and static trading.

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