Daily Analysis

February 13, 2008 A positive piece of economic news stating retail sales beat expectations and actually showed an uptick in consumer activity, which gave the market an injection of optimism that was much needed. Investors hope that Bernanke won’t let them down tomorrow morning either when he is scheduled to speak. With that said, this

February 12, 2008 Don’t let today’s final numbers fool you. Yes, the S&P finished up and so did the Dow, but the major gains that we saw in the early going was diminished to a mere average day in the market. The Dow which is comprised of 30 stocks, and weighted by price, was catapulted

February 11, 2008 The results of the past couple of days in the market is something that investors as of late, have undoubtedly become unaccustomed to – a quiet day! With little in the way of news, outside of a news piece that confirmed Yahoo!’s rejection of Microsoft’s buyout, the indices wasn’t going to give

February 8, 2008 The markets today were hardly worth watching, as we finished the day in mixed fashion. The Dow and S&P finished down while the NASDAQ finished up. But none of the major indices made any progress worth noting. Essentially, investors already had their eyes on next week and whether we will get off

February 7, 2008 After yesterday’s after hours earnings report from Cisco, the market seemed to be a lock to sell-off heavy today. However, when thing seem the most certain, is when we should be the most suspicious, and today was a perfect example of that. Just like when Google blew their earnings report, the market

February 6, 2008 The day looked as if we were going to get one of those reflex bounces and recover some of the losses from the previous two sessions. However, investors were just too nervous to commit any extra of their capital to sustain this rally, and as a result, a perfect opportunity was formed

February 5, 2008 The types of days that we saw today are becoming the norm for Wall Street. After having the best week in the market since 2003, last week, the market decided to switch direction this week and move lower, getting ever closer to the January lows from last month. An ISM Services report

February 4, 2008 It appears as if the markets slept in today, as New York’s own was crowned Super Bowl Champions late last night, because the volume today in the markets was anemic at best. While the market had its best week since 2003 last week, it seemed likely that we would see some sort

January 31, 2008 Today started on a down note, as the indices looked to begin over 1% down. MBIA had an undesirable earnings report, along with more follow through on yesterday’s reaction to the Fed’s rate cut. Also the weekly jobless claim report came in higher than expected. However once the market opened, it was

January 30, 2008 We got the volatility that was expected today, the rate cut we predicted, and the head-fake that we had warned investors on. The major indices flat-lined for most of the day, however once the Fed made their 50bp cut the market soared over 1% on the day. However, following a downgrade