Consumer sentiment rises to multi-year highs, and China shows growth, so the market reverses sharply.
Friday, November 9, 2012
Thursday, November 8, 2012
Wednesday, November 7, 2012
Following the election last night, stocks rallied after the re-election of Obama seemed assured. Wall St seems to love Obama and his big-spending ways. But then crashed again during the European session. Dow down 180. Ouch!
Prepare for the worst, and even that may be better than we expected.
Tuesday, November 6, 2012
Today is election day, but there isn't much news to influence the financial markets. Despite the dearth of news, stocks (Dow) are up 140 points.
Monday, November 5, 2012
The S&P 500 is stuck in a holding pattern between Friday's close and the 1400 handle. Dow down marginally at -25. Stocks have been lower since the futures opened last night.
Sunday, November 4, 2012
News that manufacturing contracted in the Eurozone doesn't start the week out very well. The S&P 500 futures are down an additional 6 points from Friday's close!