ARCHIVED BLOG POSTS
2010
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This morning is starting off like a seesaw. The Stock Market started Up with some good economic news releases with better than expected Initial Jobless Claims, GDP revision and Chicago PMI. Then the Technology released some of their not-so-good news and the Traders reversed direction; so the Sto...
09/30/2010
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No Economic News Releases today. The Stock Market is Down a bit today; as well as (currently) the Bond Market. I say "currently" for the Bond Market because it may change to the positive side this afternoon, after the 7 year Auction. The 2- and 5- year Auctions went very well this week; and with...
09/29/2010
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The Stock Market is Up a little bit on news from Pharmaceuticals Earnings and possible M&A on the horizon. It was down after the economic news release of the Case Shiller Home Price Index dropped to .6% in July (from 1% in June) and the Consumer Confidence dropping too. The Case Shiller Home Pri...
09/28/2010
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Not a lot on the Economic News Releases today, but the week will be busy with releases of GDP Revisions, Case-Shiller Index, Chicago PMI, Consumer Spending, Consumer Confidence, etc... The Stock Market is down so far this morning, which seemed to be a result of some concern with the European Ban...
09/27/2010
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Durable Goods is taking Center Stage in the Trading today. The overall Durable Goods was negative, but if you take out the Transportation (big ticket items obscures the numbers), then it jumped up to 2% (from previous month of -2.8%). We'll need to watch this to see if it's a trend, or did they ...
09/24/2010
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The Initial Jobless Claims inched Upwards again this week, but Traders appear to be shrugging it off, as the Leading Indicators and Existing Home Sales move Upwards. The Existing Homes Sales numbers are still the 2nd lowest on Record, but improved from the prior month's, which was the Worst on R...
09/23/2010
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The Initial Jobless Claims inched Upwards again this week, but Traders appear to be shrugging it off, as the Leading Indicators and Existing Home Sales move Upwards. The Existing Homes Sales numbers are still the 2nd lowest on Record, but improved from the prior month's, which was the Worst on R...
09/23/2010
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The Initial Jobless Claims inched Upwards again this week, but Traders appear to be shrugging it off, as the Leading Indicators and Existing Home Sales move Upwards. The Existing Homes Sales numbers are still the 2nd lowest on Record, but improved from the prior month's, which was the Worst on R...
09/23/2010
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No Economic News Releases scheduled for today. The Stock Market is currently down a bit on some light trading. The Bond Market had a very nice rally, breaking the Downward Trend Line, and the Mortgage Rates had gotten Better. The Rally started after the Fed's Announcement yesterday. They mention...
09/22/2010
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The economic news release for today is the Housing Starts, which is reflecting a surprising Uptick. But the Traders are shrugging this off because if you take out the Condo/Multi-family starts, then the single family was up only about 4%. The Stock Market is Trading rather low this morning...
09/21/2010
