Posted on 11:15AM 02/21/13
Yesterday's lack of afternoon buyers was certainly the exception rather than the rule in 2013. But it takes more than one burnt hand at the stove to stop the Pavlov dogs.
Posted on 12:57PM 01/29/13
Yes technically we are in an impressive breakout on the S&P 500 (and most indexes not named NASDAQ due to Apple), but we've begun to disassociate from most supports at this point.
Posted on 02:25PM 01/17/13
After the twin good news items today premarket there was a stinker at 10 AM in the Philly Fed. The S&P 500 came in but only very briefly and did not even fill the morning gap up.
Posted on 11:29AM 01/09/13
The S&P 500 has been down 8 of the past 11 sessions but is up over those 11 sessions as two of the three up days were massive moves.
Posted on 11:02AM 12/21/12
While there are shades of last summer's fiscal cliff in today's actions it is worthwhile to keep things in perspective.
Posted on 01:11PM 12/13/12
Immediately after the FOMC announcement the knee jerk reaction was "buy buy buy" which pushed the indexes (save NASDAQ) over those highs, but it did not last.
Posted on 12:15PM 11/19/12
It is funny how the news often fits the market, and what I mean by that is that comments out of government Friday morning set stocks off just at the point they needed to.
Posted on 10:28AM 11/14/12
I keep harping on this "emotion" aspect of the selloff - there has been really none to it, as the selling has been orderly if persistent.