The markets opened higher and rose to new all-time highs on Friday, only to get repelled in the afternoon and close lower on the session. This was one of the likely outcomes that I expected going into Friday’s session. There were four causalities which we can take independent of one another or together to explain […]
The 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 […]
Facebook (FB), Google (GOOG), S&P 500 (SPX)When you read the box score for a sports game you really don’t get a feel for what took place on the field. All that you obtain is the bottom line, the final score. While the bottom line, i.e. the closing prices, is important in the world of investing, the ebb and flow of activity […]
Apple (AAPL), CBOE Volatility Index (VIX), Dow Jones Industrials (DJIA), NASDAQ Composite (IXIC), ProShares Ultra Short Gold (GLL), S&P 500 (SPX)Friday was not pretty. It was the markets’ version of reverse peristalsis. It happens every occasionally. This time around, the causal stimulus was emerging markets anxiety. As I mentioned on Friday morning, it was a time for caution, but not panic. Unless you were 100% in cash before the day began, Mr. Market took its […]
Apple (AAPL), Freeport McMoRan Copper and Gold (FCX)