COMMENTARY

Hurricane Irene did not come as advertised helping boost stocks at the beginning of the day. A surprise jump in personal consumption helped fuel the early morning rally. The US savings rate dropped a bit to 5%, but the market liked what it saw and pushed higher. Even...

Four High Quality Stocks Unfazed By The Volatile Tape

The news story of the morning was Warren Buffett’s deal to buy $5bn of BAC warrants paying him a 6% yield. Bank stocks soared on the news pre-market cheering the oracle of Omaha’s investment. Ignoring a jump in jobless claims futures pushed higher into the market...

A positive Durable Goods report help set the tone for early morning trading. Buyers quickly rushed in and scooped up shares, but the early morning cheer quickly faded heading into the late morning hours. As the NASDAQ reached last week’s gap it was an obvious place...

My interview

Merge Healthcare: Helping Portfolios Stay Healthy

Let’s blame the action on European fears and poor economic data, but the trend changed well before today’s action. Today was another day in the market turmoil saga CNBC continues to push and it came as no surprise to us. The drop in the Philly Fed figure was a big...

Forget today’s action for a moment, here are some high level points about this market: • Volume lacking on the upside • Market leaders continue to suffer losses • Seasonality headwinds • Death cross on major market indexes Today’s market did see a bit of a buying...