August 15, 2011
Good morning. I think the term wild week for last week would be a solid understatement, although in the aggregate the movement on the week was fairly muted considering the intra-weekly swings. Two days of rally mode on Thursday and Friday had the SPY closing down only 1.6% on the week at 118.12, after trading as low as110.27 on Tuesday. For the last two weeks, however, Friday’s close was off a very somber 11+ points, or 14.8%. That is a rough ten trading days by anyone’s measure.
April 19, 2010
Good morning. It was a very interesting close to the week last Friday, with the combined Google earnings disappointment and the civil complaint lodged against Goldman Sachs affecting the market. Still, the SPY managed to close only slightly down on the week at 119.36. That represents a loss of only .19 or .2%.
November 30, 2009
Good morning, and hopefully everyone had a happy and restful Thanksgiving holiday. The market was mostly positive last week until Friday, the normally sleepy half day after Thanksgiving, when the market reacted to worldwide sell-offs on Thursday due to the impending suspension of interest payments from Dubai World. The SPY was down on Friday from 111.38 to 109.38, or 1.6%, essentially erasing the entire gain of the previous four days, but not nearly as much as the 2-5% drops in other markets around the world.
September 10, 2009
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