State of the Markets
The State of the Speculation
Good Morning. For the fifth day in a row (and the eleventh out of the last twelve), the DJIA experienced intraday volatility exceeding 100 points yesterday. While volatility in and of itself isn't a big deal these days, we do have to recognize that this represents a change in the market's…
Will We Be Talking Taper Soon?
Good Morning. The question of the day is whether or not the Federal Reserve Board will begin "talking taper" at this week's FOMC meeting. Although we will find out soon enough (it is a safe bet that Ben Bernanke will address the subject at his press conference which will be held at the en…
The Return of the 'Hilsenrumor'
Good Morning. Long-time readers know that I am a big believer in the idea that markets don't make "big" moves without a reason. And based on the fact that stocks came into Thursday morning's session looking more than a little weak, the closing gain of 180 points on the DJIA definitely qua…
Do The Bears Have A Case?
By: David Moenning
Good Morning. This time the bears refused to be run over. This time, after a quick 50-point swing upwards in the S&P 500, the short-sellers were rewarded for selling into some resistance. This time, the good economic news (the NFIB Small Business Index hit the second highest level sin…
What Do The Cycles Say For June?
By: David Moenning
Good Morning. The argument as to what comes next for stocks falls along party lines at this point. The bulls contend that they were tested last week and that the all-important line in the sand held. As such, our furry friends suggest that new highs for the major indices are only a matter …
The Price of Perfection
By: David Moenning
Good Morning. The title of this morning's missive is "The Price of Perfection." The first point that needs to be made is that using the word "perfection" in anything related to the stock market may get me in trouble with Ms. Market. As anyone who has been in this business for any length o…
Looking For The Line In The Sand
By: David Moenning
Stocks have entered a correctional phase of some sort. The next logical question, of course, becomes how low will the pullback go?
Don't Fear The Taper
By: David Moenning
Good Morning. Stocks have been see-sawing back and forth a fair amount lately and realistically, the short-term trend can't be rated any better than moderately negative right now. And after a strong rally that marched relentlessly higher for six straight months, I think we can all agree t…
Thoughts From The Planes, Trains and Automobiles
By: David Moenning
One of the great things about being in Europe is the difference in time zones. Given that France and Italy are six hours ahead of New York and eight hours ahead of Denver, there was plenty of time each day to rest up, see some amazing sights, learn about history, and yet still have a mome…