On the back of Google’s superb earnings report after the close yesterday, the market has taken off. The Dow has powered through 12900 for the first time in its history, up 124 points with an hour and a half left…
On the last day of 2007 I wrote a post titled “CDSs: What Everybody Will Be Talking About In 2008”. And that seems to be coming to fruition. As I wrote yesterday (Thursday), in a post summarizing the markets action…
Clear and unmistakable recession signals from the labor market….. This magnitude of a rise in the unemployment rate has never occurred in the post-war period without the economy being in recession. – Bear Stearns This economic slump is going to…
NOTE: Every week or two I wrote a Client Note for my clients. I post the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the Client Notes at the same…
Okay, I admit it: this market is now officially annoying me. American Express (AXP) reported 1st quarter earnings after the close yesterday and from the behavior of the stock you’d think it suggested a major turnaround and economic recovery. The…
On Monday, the S&P broke through its 50 DMA and it is marginally up again Tuesday morning. It is now towards the top of the range that it has been trading in since the March 28 high around 5250. But…
