Friday, November 9, 2012

Sharp Reversal Stoked by Consumer Sentiment

Consumer sentiment rises to multi-year highs, and China shows growth, so the market reverses sharply.

Stocks -- Deep Red!

Day to start ugly again! Not pretty!

Thursday, November 8, 2012

Obama Collapse Day 2

Perhaps we are now awakening to the reality that this is not going to end with anything but tears!

Another Downer Day!

This is your wake up call, Wall St!

Futures Stable Following More Bad Economic News

Wednesday, November 7, 2012

Stocks Finish Day Down 313 Points

Ugly day on Wall St!

It's a Full-Scale Crash!

Dow now down 280 points. This is not a sell-off! It's a crash!

From Bad to Worse

Dow now down 245 points, S&P 500 trading below 1400 for the first time since mid-August.

Post-Election Crash!

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

No News Is Good News

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.

We're back in the mode of "ignore the fundamentals and buy". It's a Pollyanna Party day!

Monday, November 5, 2012

Stocks Stagnant, In Holding Pattern Before Elections

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

Not A Great Start to the Week As EU Manufacturing Contracts

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!