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Revolution in Wisconsin

February 28, 2011


Good morning. Rising tensions in the Middle East caused the market to have its first down week in a while last week, with the SPY closing (despite a strong rally on Friday) at 132.33, down 2.24 (1.7%). The VIX spiked higher to finish at 19.21, up 3.32 (17%) from a very low close before the three-day weekend of 16.43.

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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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