Daily Analysis

March 6, 2008 As we have been saying all along, we need to see a major shakeout in the stock market to really put in a legitimate bottom. But to do this we need the Fed and the President/Congress, to be a little more laissez-faire, and try not to intervene every time there is a

March 5, 2008 To set the tone toady the ISM survey came in at 49.3 just above expectations of 47.5. The market found a little strength because it was above the 44.6 reading for January. In a separate report, January factor orders fell 2.5% and were in-line with forecasts. Expect more of the same tomorrow

March 4, 2008 Déjà Vu….Like yesterday, a flurry of late afternoon buying brought the markets off their lows, and we managed to close the day with a small loss in the S&P and a negligible gain in the NASDAQ. Stocks were weak throughout the morning Tuesday as a result of comments from Fed Chairman Bernanke and

March 3, 2008 A flurry of late afternoon buying brought the markets to nearly a flat close for the DOW and S&P while the NASD lost a half percentage point. We expected to see further weakness today as the markets continued to come off their overbought conditions. As was the case today, economic data will

February 22, 2008 What looked to be another horrendous day for the bulls, and overflowing excitement by the bears, turned in to a bloodbath for the latter as they ran for the exits in the last minutes of the market session today. Rumors of an AMBAC bailout lifted investor hopes and actually allowed for the

February 21, 2008 Market opened strong today, however, investors quickly took profits at the open and let the bears take control for the remainder of the day. Overall we saw losses of over 1% on average. A regional manufacturing report from the Philadelphia Federal Reserve gave the bears the ammo they needed to once again

February 20, 2008 What the market did yesterday, today was the exact opposite of. We opened down with the indices staring at near 1% losses to start things off. Inflation was creeping up on the economy, and worrying Bernanke and Co. as stated in the Fed minutes that were released today. However, the computer buy

February 19, 2008 We had Monday off, and while it looked as if the news from overseas would help rally the markets throughout the day, it was only able to sustain those rallies through the morning. When all was said and done we saw all the major indices finish in the red. This is clearly

February 15, 2008 A mixed day for the indices as investors seemed disinterested in giving the markets any notice ahead of a three-day weekend. With that being said, the markets received a batch of negative economic reports in regards to manufacturing, consumer confidence and import prices. Heading into next week, you have to hope we

February 14, 2008 Tough day for market players today, as stocks gave back nearly all of yesterday’s gains. The gains of the last few days seem to have been on speculation that Bernanke would give the market a bone to chew on. Instead, it was the usual commentary from the Fed Chief. Worried about a