I spent a nice long weekend in Philadelphia. I caught the University of Pennsylvania (that’s not Penn State)-Columbia basketball game (Penn won) at The Palestra with my Pi Kappa Alpha grand big brother Steve who just relocated back to Philadelphia. Then I spent a few days with my uncle (technically my first cousin twice removed). […]
It just feels to me like the market wants to do what it usually does in September. That is put in a negative month. Most of the major indexes are off about 2% from recent and in some cases all-time highs. The small cap / growth Russell 2000 Index (RUT) is breaking down and retreating […]
As I mentioned yesterday, the market was exhibiting signs of bottoming. So the markets delivered a decidedly positive session, never backing down and ended on the day’s high. It is very important for a true bottom to be in place that we get a day of strong follow through. If anything, today will be a […]
Social NetworkingThe Federal Reserve decided to scale back or taper its assets purchases by another $10 billion per month. I had expected the possibility of a pause but apparently, the December economic data was good enough to convince them that less stimulus was necessary. As expected, the market opened weak, rebounded a bit and then went […]
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