| 03.09.10 |
In my view one thing that is becoming clearer |
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| 03.08.10 |
Equities staged a strong advance |
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| 03.05.10 |
The all inclusive unemployment data is released today at 8:30. |
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| 03.04.10 |
Currents and cross currents is perhaps an overriding theme |
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| 03.03.10 |
Can I suggest to the disdain of politicians |
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| 03.02.10 |
The level of uncertainty is huge. |
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| 03.01.10 |
Has the risk adverse trade returned? |
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| 02.26.10 |
Stocks were initially pummeled yesterday |
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| 02.25.10 |
Equities advanced handsomely |
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| 02.24.10 |
As noted many times transitions are always volatile. |
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| 02.23.10 |
Tomorrow FRB Chairman Bernanke begins |
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| 02.22.10 |
In my view participants in the various markets are still |
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| 02.19.10 |
Stocks rose as economic and earnings reports boosted optimism |
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| 02.18.10 |
In my view yesterday's release of real sector data was solidly decent. |
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| 02.17.10 |
In my view yesterday's trading was confusing. |
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| 02.11.10 |
In my view economic cycles are always the same. |
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| 02.10.10 |
Stocks rallied on a better than expected |
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| 02.08.10 |
On balance I believe January's employment data |
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| 02.05.10 |
Stocks were crushed yesterday from sovereign debt fears |
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| 02.04.10 |
Markets were relatively quiet yesterday |
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| 02.03.10 |
Stocks surged for a second day |
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| 02.02.10 |
Stocks staged a handsome advance on a stronger than expected |
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| 02.01.10 |
In my view fourth quarter GDP was considerably stronger |
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| 01.29.10 |
Markets traded to their lowest levels |
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| 01.28.10 |
Stocks were modestly higher and bonds modestly lower following the conclusion |
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| 01.27.10 |
The two day FOMC meeting concludes today. |
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| 01.26.10 |
Stocks rebounded nominally yesterday |
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| 01.25.10 |
The markets are still reeling from the Administration plans |
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| 01.22.10 |
Stocks came under pressure |
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| 01.21.10 |
Stocks tumbled yesterday by the greatest amount since November |
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| 01.20.10 |
Many times I discuss the "Velocity of Change." |
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| 01.19.10 |
Stocks came under pressure as revenues at JP Morgan |
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| 01.15.10 |
Data released this week has suggested an anemic economy |
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| 01.13.10 |
As written yesterday earning season started with a fizzle |
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| 01.12.10 |
As noted several times there few absolutes in the markets. |
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| 01.11.10 |
In my view the employment report for December was somewhat weaker |
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| 01.08.10 |
As noted yesterday December stands a reasonable chance |
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| 01.07.10 |
Equities were relatively quiet yesterday |
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| 01.06.10 |
Markets were relatively quiet following mixed economic data. |
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| 01.05.10 |
A New Year and decade has begun. |
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| 12.23.09 |
Equities advanced yesterday on the strongest existing home sales in three years. Sales were up |
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| 12.22.09 |
Something has to give. |
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| 12.18.09 |
Stocks came under pressure yesterday. |
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| 12.17.09 |
Was the FOMC statement virtually as expected? |
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| 12.16.09 |
Around 2:15 today the Federal Reserve will issue its post meeting statement. |
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| 12.15.09 |
What is the underlying strength of the economy? |
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| 12.14.09 |
Stocks advanced Friday as consumer confidence and retail sales increased more than expected in November. |
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| 12.11.09 |
The yield curve between the two year and thirty year treasury is the widest since at least 1980 as per Bloomberg. |
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| 12.09.09 |
Equities declined and treasuries advanced moderately on the news that Greece |
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| 12.08.09 |
The $64,000 question is whether one fully believes the November labor data. |
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| 12.07.09 |
The worst unemployment slump in the post World War II era may be about to end. |
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| 12.04.09 |
Today the all inclusive employment data is released. |
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| 12.03.09 |
None of the financial markets did much of anything yesterday. |
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| 12.02.09 |
In my view the statistics were consistent with a sustainable recovery. |
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| 11.30.09 |
Last week's economic reports spurred optimism that the economic recovery is strengthening. |
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| 11.25.09 |
When will banks begin to lend? |
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| 11.24.09 |
Revised third quarter GDP is announced today. |
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| 11.20.09 |
Stocks declined yesterday on fears the rally has outpaced the prospects for economic growth. |
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| 11.18.09 |
The markets were relatively quiet yesterday |
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| 11.17.09 |
Stocks advanced again after an increase |
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| 11.12.09 |
As widely noted there is about $1.4 trillion in commercial real estate debt |
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| 11.11.09 |
There is little I can write about yesterday's market action. |
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| 11.09.09 |
The headlines of the vast majority of newspapers carried the headline |
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| 11.05.09 |
The Federal Reserve restated its intention to keep interest rates |
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| 11.04.09 |
In my view the volatility in the markets is perplexing |
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| 11.02.09 |
It is all about sustainability. |
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| 10.30.09 |
As widely noted the economy expanded for the first time in four quarters growing |
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| 10.29.09 |
Stocks traded lower again. |
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| 10.28.09 |
Yesterday's data was conflicting. |
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| 10.27.09 |
Stock and bonds both came under pressure while the dollar rallied. |
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| 10.26.09 |
When will bank lending resume? |
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| 10.21.09 |
Stocks came under some much needed profit taking |
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| 10.19.09 |
Industrial Production during September rose three times as much as expected |
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| 10.16.09 |
Have equities gone too far? |
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| 10.14.09 |
Have equities discounted third quarter earnings |
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| 10.13.09 |
Several days ago I wrote what some viewed as politically charged remarks. |
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| 10.12.09 |
Treasuries were crushed Friday. |
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| 10.09.09 |
Stocks rallied handsomely on better than expected earnings |
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| 10.08.09 |
Earning season has commenced. |
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| 10.06.09 |
Several weeks ago I was wrote either bond investors or stock investors have to be wrong |
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| 10.05.09 |
In my view September's Employment report was on balance disappointing. |
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| 10.02.09 |
Stocks came under pressure as the national gauge of manufacturing activity unexpectedly declined |
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| 09.29.09 |
Stocks staged a handsome merger induced advance. |
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| 09.28.09 |
Stocks had the biggest weekly decline since July as lower than estimated data on durable goods orders and home sales overshadowed improvement in consumer confidence. |
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| 09.28.09 |
Stocks had the biggest weekly decline since July as lower than estimated data on durable goods orders and home sales overshadowed improvement in consumer confidence. |
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| 09.24.09 |
The FOMC upgraded its assessment of the economy albeit risks remain. |
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| 09.23.09 |
The third quarter is quickly winding down and we are rapidly approaching the strongest seasonal period in the markets |
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| 09.22.09 |
The Index of Leading Economic Indicators (LEI) rose big for the fifth consecutive month |
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| 09.21.09 |
The Federal Reserve's Open Market Committee meets tomorrow and Wednesday. |
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| 09.17.09 |
I think it is safe to write the credit crisis is over. |
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| 09.15.09 |
In my view the President's speech yesterday was a non event |
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| 09.09.09 |
I believe the next major issue facing the markets will be the potential impact of when the central banks changes monetary policy. |
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| 09.08.09 |
In my view the August labor report was on balance mixed, not too different from expectations. |
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| 09.04.09 |
At least to me yesterdays release of the nonmanufacturing ISM index was disappointing. |
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| 09.03.09 |
Trading was relatively quiet yesterday |
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| 09.02.09 |
The ISM Manufacturing Index expanded for the first time since January 2008 |
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| 09.01.09 |
We are entering the dreaded month of September |
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| 08.25.09 |
There is little I can write about yesterday's trading. |
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| 08.24.09 |
Stocks soared on the 7.2% surge in existing home sales |
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| 08.21.09 |
Stocks ended higher yesterday for the third consecutive day |
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| 08.20.09 |
Most were searching for a reason why stocks rallied yesterday. |
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| 08.18.09 |
Stocks came under further profit taking as some are questioning the strength and durability of the Chinese recovery. |
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| 08.14.09 |
Yesterday's data was a reminder that any transition is never linear. |
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| 08.13.09 |
In my view Fed policy essentially remained unchanged albeit the Central Bank was more sanguine about the economy. |
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| 08.11.09 |
Stocks came under some much needed profit taking following four straight weeks of gains. |
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| 08.10.09 |
July's unemployment data is the clearest sign the worst slump since the Depression may be ending. |
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| 08.07.09 |
Today the inclusive unemployment data is released. |
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| 08.06.09 |
The ADP Employment report was weaker than expected. |
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| 08.05.09 |
The number of contracts to buy previously owned homes rose in June |
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| 08.04.09 |
Will today's pending home sales validate yesterday's ISM data? |
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| 08.03.09 |
In my view the shift in growth expectations that has occurred during the last two weeks |
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| 07.31.09 |
Today the advance estimate of second quarter GDP is released. |
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| 07.29.09 |
The S & P/Case-Shiller home price index rose 0.5% in May from the prior month |
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| 07.28.09 |
Friday preliminary estimates of second quarter GDP is released. |
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| 07.23.09 |
Transition points are always murky. |
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| 07.22.09 |
In my view FRB Chairman Bernanke's Congressional testimony was balanced and similar |
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| 07.21.09 |
The Index of Leading Economic Indicators rose in June by 0.7% |
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| 07.20.09 |
The S & P rose last week 6.5%, its greatest advance since March |
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| 07.17.09 |
Stocks were relatively flat yesterday until Nouriel Roubini-aka Dr. Doom-stated the worst of the financial crisis is over and the recession will end this year. |
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| 07.16.09 |
Stocks rocked yesterday on Intel's earnings and its positive forward looking statement. |
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| 07.15.09 |
There is little that can be written about yesterdays market activity. |
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| 07.14.09 |
Stocks staged a handsome rally following four consecutive weeks of losses |
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| 07.13.09 |
Inflection points are always confusing. |
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| 07.10.09 |
Where are we going? |
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| 07.08.09 |
As stated yesterday I believe earnings will exceed expectations given the dearth of preannouncements. |
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| 07.07.09 |
Economic data are always mixed and confusing at inflection points. |
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| 07.06.09 |
In my view June's employment report was somewhat weaker than expected |
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| 07.02.09 |
Today the all inclusive employment data is released. |
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| 06.30.09 |
The S & P 500 is poised to register its best quarterly advance since 1998. |
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| 06.29.09 |
Several weeks ago I wrote about the Zarnowitz Rule |
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| 06.25.09 |
The two day meeting of the FOMC meeting has concluded. |
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| 06.24.09 |
In some aspects one can conclude the credit crisis is in its waning days. |
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| 06.23.09 |
The second quarter is quickly winding down. |
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| 06.22.09 |
This week can be pivotal in determining the immediate direction of the markets. |
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| 06.19.09 |
Stocks yesterday staged a handsome rally as the data is suggesting the economy is on the verge of a sustainable recovery. |
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| 06.18.09 |
In my view little can be written about yesterday's market activity. |
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| 06.17.09 |
During the first half of yesterdays trading the markets did almost nothing.. |
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| 06.16.09 |
Falling oil and metal prices weighed on commodity producers that sent equities down by the greatest amount in over a month. |
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| 06.15.09 |
Most will agree the credit markets are healing. |
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| 06.10.09 |
In my view yesterdays treading was non descript even though the headlines suggested potentially otherwise. |
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| 06.09.09 |
In my view the worst of the recession is over. |
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| 06.08.09 |
Most will state Mays employment data was much stronger than expected. |
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| 06.05.09 |
Mays unemployment data is released today. |
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| 06.04.09 |
In my view the ADP Employment Report offered no surprises |
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| 06.02.09 |
Stocks surged on the ISM, New Construction data and Personal Spending/Income statistics further validating the view the worst is over for the economy. |
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| 06.01.09 |
The leading national manufacturing index - the ISM - is released today. |
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| 05.29.09 |
Mortgage defaults surged to an all time high; partially the result of the ending of the three month moratorium on foreclosures. |
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| 05.28.09 |
Demand is great for the US Treasury as stories of waning demand appear to be only hubris. |
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| 05.27.09 |
The biggest jump in consumer confidence since 2003 spurred optimism the worst in the recession is over sending stocks higher for the first time in five days. |
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| 05.26.09 |
In my view the fear factor is dropping rapidly as evidenced by ... |
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| 05.22.09 |
I believe within the next 90-120 days two major topics of discussions could be when ... |
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| 05.20.09 |
I think it is safe to write the worst of the financial crisis has now passed. |
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| 05.19.09 |
Several housing data points are released this week. |
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| 05.18.09 |
In my view we have had our cataclysmic fall and our euphoric rise. |
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| 05.15.09 |
In my view we are still in a pullback mode for the markets with little over reaction to negative data. |
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| 05.14.09 |
Equities were reminded yesterday recoveries are uneven. |
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| 05.12.09 |
Several weeks ago I wrote there is a 25% probability the economy could grow in the second quarter |
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| 05.11.09 |
April's unemployment data suggested the economy has stabilized. |
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| 05.08.09 |
Today the all inclusive April employment data will be released. |
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| 05.07.09 |
Stocks closed at a four month high yesterday as some speculated banks might not need as much additional capital as feared. |
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| 05.04.09 |
Fridays trading was nondescript, closing moderately higher on a late day surge. |
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| 05.01.09 |
April the S & P 500 posted a 9.4% advance, the largest monthly gain since March 2000 |
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| 04.30.09 |
Stocks rose yesterday for a myriad of reasons. |
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| 04.29.09 |
Consumer confidence jumped by the largest amount since 2005; rising to a five month high. |
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| 04.28.09 |
Is a pandemic at hand and if so how will it impact the economy? |
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| 04.27.09 |
Stocks advanced again Friday as companies across a broad spectrum of industries exceeded expectations. |
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| 04.23.09 |
Stocks were advancing yesterday on profit optimism until a late day headline stating |
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| 04.22.09 |
Stocks staged a handsome financial led rally yesterday ... |
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| 04.21.09 |
In my view yesterday the markets led by the financials came under intense profit taking following the sharpest six week gain since 1938. |
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| 04.20.09 |
The Dow has advanced for five consecutive weeks, |
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| 04.17.09 |
Three down and three to go. |
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| 04.16.09 |
I believe the next several days will be critical for the markets. |
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| 04.14.09 |
In the coming days the strength of the financials (and the markets) will be validated or nullified as Citigroup, Goldman Sachs and JPMorgan Chase announce earnings. |
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| 04.13.09 |
Are banks finally shaking off the global credit crunch? |
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| 04.09.09 |
Earning season starts in earnest next week. As widely discussed expectations are low for the exception of the financials. |
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| 04.07.09 |
In my view stocks came under profit taking predicated upon continued nervousness about the health of the banking system, the collapse of a high profile merger and increased fear of governmental intrusion into the private sector. |
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| 04.06.09 |
The March US employment rate of 8.5% is the highest since November 1983 as the economy is mired in the worst recession since the 1930s. |
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| 04.03.09 |
Equities are trading as though the worst is over for the global economy. |
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| 04.02.09 |
Stocks advanced for a second day as sales of existing homes unexpectedly increased and the ISM Manufacturing Index [survey of manufacturers] rose for the third consecutive month. |
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| 04.01.09 |
Equities staged the largest monthly rally since 2003 on speculation the worst is over for the financial system and the economy. |
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| 03.31.09 |
In my view stocks came under considerable profit taking following the sharpest monthly advance since the 1930s as per Bloomberg. |
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| 03.20.09 |
I believe stocks declined yesterday on profit taking utilizing nervousness over the pending Fed plan to buy over $1 trillion in bonds as the excuse for such profit taking. |
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| 03.19.09 |
The Federal Reserve stated yesterday it plans to buy $300 billion in Treasury securities and $750 billion more of agency and mortgage debt in an effort to bolster housing and hasten the end of the recession. |
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| 03.17.09 |
Yesterday equities were posting a 150 point mid day advance only to close nominally lower. |
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| 03.16.09 |
As written several times all believe the rebound in the markets is nothing more than a dead cat bounce and a "retest" of the lows is all but inevitable. |
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| 03.13.09 |
What are the possibilities of a market "melt up?" |
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| 03.12.09 |
The financials outperformed the broader markets again yesterday as yet another large money center bank--JP Morgan also stated they were profitable in both January and February. |
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| 03.11.09 |
Yesterday stocks - led by the financials--staged the greatest advance of the year for a number of reasons. |
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| 03.10.09 |
As widely written the S & P dropped about 38% in 2008, the steepest decline since 1937. |
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| 03.09.09 |
The unemployment rate in February jumped to 8.1%, the highest level in more than a quarter of century. |
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| 03.06.09 |
As per The American Association of Individual Investors (AAII) recent survey, pessimism is at the highest reading since the index's creation in 1987. |
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| 03.05.09 |
As widely noted the 6.2% drop in fourth quarter GDP was the sharpest since 1982. |
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| 03.03.09 |
The sense of unending gloom is huge. |
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| 03.02.09 |
There are very few words one could use to describe this unending nightmare. |
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| 02.23.09 |
When will it end? The financials have been obliterated. |
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| 02.19.09 |
It is not a stretch to write society and the economy has undergone a tectonic change but it might not be the change embraced by the current administration-populist socialism. |
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| 02.13.09 |
Stocks initially traded substantially lower on fears that President Obama's stimulus plan will be insufficient to avert the deepest recession since 1946. |
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| 02.11.09 |
As widely noted Treasury Secretary's Geithner's plan to stabilize the banking system lacked details to give confidence as whether it will work or not. |
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| 02.10.09 |
Treasury Secretary Geithner is scheduled to announce the latest financial bailout plan today at 11:00. |
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| 02.09.09 |
Today's widely anticipated speech by Treasury Secretary Geithner, pivotal in shaping the market's view that the worst for the financials are over, was delayed by one day. |
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| 02.05.09 |
When will it end? |
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| 02.04.09 |
Stocks gained for the first day in four, the result of better than expected earnings from several defensive drug manufactures. |
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| 02.03.09 |
The news has been horrible but equities have not made a new low and treasuries have been killed. |
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| 02.02.09 |
As widely discussed January's 8.6% decline in the S & P 500 was the greatest on record eclipsing the previous record of the 7.6% drop established in 1970. |
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| 01.30.09 |
Why are treasuries getting crushed given the endless negative headlines? |
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| 01.29.09 |
Stocks rose on the news that President Obama is prepared to set up a "bad bank" to absorb toxic investments. |
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| 01.28.09 |
The news is horrific. |
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| 01.27.09 |
In my view yesterday was a significant day. |
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| 01.26.09 |
Volatility in the markets has returned with a vengeance as every day last week stocks experienced triple digit moves. |
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| 01.22.09 |
Financials led a strong equity rebound led on speculation that a plan from President Obama will shore up banks. |
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| 01.21.09 |
Stocks were crushed yesterday. |
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| 01.20.09 |
If I were witty I would title today's comments Nightmare on Wall Street 281. |
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| 01.16.09 |
Are equities going retro as the year to date decline is 6.4%, the worst start of any year for the exception of a 6.6% drop experienced in 1939 as per Dow Jones? |
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| 01.14.09 |
Another piece of evidence is suggesting the credit market is continuing to thaw. |
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| 01.12.09 |
December's unemployment rate rose to 7.2%, the highest level since January 1993. |
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| 01.09.09 |
As written Tuesday my optimism is at a two year high. |
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| 01.06.09 |
We enter 2009 in an ugly bearish mood given the utter decimation that occurred in 2008 as there was no place to hide. |
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| 12.23.08 |
I believe today's headlines are the result of the complete meltdown that began with the bankruptcy filing of Lehman Brothers |
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| 12.18.08 |
Oil closed last night at $40.15 after trading as low as $39.88, the lowest since July 2004. |
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| 12.17.08 |
Dramatic times calls for dramatic action. |
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| 12.16.08 |
The Federal Open Market Committee (FOMC) meeting ends today. |
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| 12.15.08 |
There is only one word to describe the headlines-horrific. |
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| 12.12.08 |
My initial comments for today might appear meaningless given the events of last night. |
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| 12.09.08 |
Many are stating we have entered the most severe recession since the 43 month depression of 1929-1933. |
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| 12.04.08 |
Stocks rallied on the news mortgage applications surged |
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| 12.03.08 |
Are treasuries the next bubble to burst? |
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| 12.02.08 |
It is official. |
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| 11.26.08 |
As written many times the primary objective of the Federal Reserve is to be the banker's banker |
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| 11.25.08 |
The market rallied sharply on Citigroup bailout II |
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| 11.24.08 |
What a mess. |
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| 11.21.08 |
What can be written about the markets? |
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| 11.20.08 |
What words can we use to describe yesterday's market action? |
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| 11.19.08 |
Approximately six months ago I wrote there was a possibility by December deflation |
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| 11.18.08 |
At some point we will hit bottom. |
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| 11.17.08 |
What is the depth of the recession and how will the markets respond? |
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| 11.10.08 |
Most economists are expecting a long and deep recession, but how long and how deep? |
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| 11.07.08 |
Stocks just experienced the worst two days since 1987. |
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| 11.06.08 |
Stocks fell yesterday as the data reminded all the new administration is facing a probable recession |
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| 11.05.08 |
Wow! I think most will conclude the electorate has loudly spoken. |
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| 11.04.08 |
Today is Election Day. Vote! It is the basic tenant of democracy. |
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| 11.03.08 |
The central banks finally have cracked interbank rates |
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| 10.31.08 |
All are happy to bid October goodbye. It has been an extraordinary difficult month |
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| 10.29.08 |
Stocks staged the second best point gain on record yesterday |
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| 10.28.08 |
Equities staged a late day sell off ending lower between 2.5% and 3.1% |
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| 10.27.08 |
Something is wrong if we think a 3.6% Dow decline as acceptable |
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| 10.24.08 |
It is often written that there are no atheists in foxholes |
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| 10.23.08 |
The S & P 500 closed at the lowest level since April 2003. |
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| 10.22.08 |
The short term credit markets are continuing to thaw |
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| 10.20.08 |
The volatility is incredible. Where are we going? |
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