Carnage at the Close; Stocks Fall Again

Carnage at the Close; Stocks Fall Again

After an impressive open the final hour of trading saw the NASDAQ lose more than 100 points and the Dow lose more than 500 points. The selling was relentless at the close and completely shut down the morning rally after the Chinese cut lending rates. We continue to...
Small Caps Lag as NASDAQ Leads Market Higher

Small Caps Lag as NASDAQ Leads Market Higher

Hopes over a new European Quantitative Easing program boosted US futures early.  Bank earnings have been disappointing and MS followed the trend releasing earnings at 7am.  The lone piece of economic data was the NAHB Housing Market Index and it disappointed by one...