April 4, 2011
Good morning. The market continued its advance last week, with the SPY up 1.5% on the week to close at 133.15. This is the highest closing since March 3 of this year, before the shocks of the Japanese reactor issues and the Libyan conflict. Even though neither of those has shown any improvement the market has moved on.
June 22, 2009
Good morning. First real down week for the market in a while, with the SPY down from 95.08 to 92.04, or 3.2% on the week. A lot of the down move was caused by a correction in the price of commodities, most notably oil. Oil was down over 3% on Friday, and the oil part of the SPY (XLE) was down 8% on the week, from 53.51 to 49.21.
April 20, 2009
Good morning. Yet another positive week for the market, making it five advancing weeks in a row! Is there anyone out there (except the talking heads on TV who seem able to revise their predictions on the fly) who would have thought that on those dark days of early March?