After rallying as much as 40 points earlier in the day, the Dow went into free fall in the last 2 hours of trading today losing about 90 points in that time. My sense is that this was just people…
“The strong reports from technology are certainly helping.” – Tony Dwyer (subscription required), Equity Market Strategist, FTN Midwest Research “A lot of things are calling into question the strength of the economy.” – Todd Clark (subscription required), Director of Trading, Nollenberger Capital…
There’s not a lot going on this morning but I’ll touch on a few things to keep an eye on. The most important event this week is the December CPI on Thursday morning at 8:30am EST. In this morning’s WSJ,…
Today’s trading is interesting. The news is generally good. Microsoft (MSFT) reported a really good quarter after the close yesterday. Dow components Honeywell (HON) and Caterpillar (CAT) also appear to have reported good quarters before the open this morning. But…
The New York times ran an enlightening front page story this morning (“Congresswoman, Tied to Bank, Helped Seek Funds”) about how Representative Maxine Waters used her position to set up meetings with Treasury officials for a local bank, UnitedOne, in which…
On Sunday I wrote this in the context of arguing against Props 1B – E: Nobody can deny the importance of the goals that Propositions 1A – 1E aim at. California’s infrastructure, especially its transportation system, is crucial to the…
