A lower open set up for a Turnaround Tuesday as stocks rallied in the late morning. Then concerns over the faltering Russian Ruble and economy sent stock and crude oil markets lower. The day went from disappointment to pleasure and ended in anguish. During the pleasure portion of the trading day I put some cash […]
While last week was difficult for investors, it did end off on a positive note. The market closed higher, yet off the peak of the session. True to form, the markets did rise on the penultimate trading day of the month. After the markets closed, an apparent phone call took place between Presidents Putin and […]
What started out as a positive yet boring session turned ugly and the markets closed on session lows. Once again, the greatest losses were in the small caps, mid-caps and growth sectors. However, there was no single reason for the market turning from gains to losses. Rather it was a series of unconnected events. Obama […]
Crimea voted to secede from Ukraine and join Russia. So what? The bears expected that this would be the beginning of a major international crisis that would finally take the markets lower. As a result, they spent last week buying puts and going short. Well, the Crimean vote occurred yesterday, and the region which is […]
The S&P 500 (SPX) declined 21 points and the Dow Jones Industrials (DJIA) declined 231 points yesterday. Of course the absolute magnitude of the declines dominated headlines and caused some gasps amongst individual investors. However, the relative declines of 1.17% for the SPX and 1.41% for the DJ Industrials were not all that worrisome. Let […]
