EOT Update
EOT Position Update – March 17, 2010
March 17, 2010 Market Snapshot Happy St. Patty’s Day! Stocks are up again today. The market’s advance is broad based with every market sector but healthcare participating in the rally. Large cap stock indexes like the S&P 500 and NASDAQ have followed the small and mid-cap indices to new 52-week highs. It’s the strongest advance […]
EOT Position Update – March 3, 2010
March 3, 2010 Market Snapshot Investors are feeling bullish. The stock market’s quickly recovering the ground it lost in the last few weeks of January. The bullish momentum continues to build as good news out of Greece and positive economic data eases investors’ fears. Greece has agreed to $6.5 billion worth of spending cuts. It’s […]
EOT Position Update – February 24, 2010
February 24, 2010 Market Snapshot All eyes are on Fed Chairman Ben Bernanke today. He’s sitting down to talk interest rates and economic recovery with members of Congress. As I write, I’m listening to Bernanke field questions from congressmen and women on the House Financial Services Committee. I’m amazed by the number of stupid questions […]
EOT Position Update – February 17, 2010
February 17, 2010 Market Snapshot The fear gripping the market the last few weeks is slowly fading away. Investors seem to have put Europe’s debt issues to bed, at least for awhile. The Greek government has 30 days to outline the steps for controlling their runaway budget deficits. If they don’t get it right, we’ll […]
EOT Position Update – February 10, 2010
February 10, 2010 Market Snapshot Can you feel it? Fear is back… and it’s controlling the markets. Fear has crept back into investors and traders every thought. This bout of fear was triggered by downgrades on a few European countries sovereign debt. There’s no doubt it’s a complex situation. But the bottom line is investors […]
EOT Position Update – February 3, 2010
February 3, 2010 Market Snapshot The roller coaster ride continues… Last Friday the U.S. fourth quarter GDP numbers were released. It came in at a smokin’ hot 5.7%. A full percentage point higher than the 4.7% economists were forecasting. We’ve also seen a number of bellwether firms like Intel (INTC) and Microsoft (MSFT) blow out earnings estimates. Despite the […]
EOT Position Update – January 27, 2010
January 27, 2010 Market Snapshot Let’s not sugar coat things… This last week, economic data and government actions have punished the stock market. First, China announced they were tightening bank lending and the money supply. My take is, China’s back to growing at a sustainable pace of about 10% per year. But if they don’t […]
EOT Position Update – January 20, 2010
January 20, 2010 Market Snapshot It’s earnings season… that means expect higher volatility. Remember, investor expectations, analyst estimates, and management guidance aren’t always on the same page. This disconnect leads to wider than normal price swings. So far, investors aren’t impressed with what they’re hearing. The markets have seen heavy selling pressure two out of […]
EOT Position Update – January 13, 2010
January 13, 2010 Market Snapshot The stock market continues its steady advance. The Dow, S&P 500, and NASDAQ remain firmly entrenched in their uptrend. Improving economic data is doing its part to support higher stock prices as well. Everyone (including me) is keeping a close eye on the employment picture. Even with the mildly disappointing […]
EOT Position Update – January 6, 2010
January 6, 2010 Market Snapshot The first week of the New Year got off on the right foot. All three major averages closed higher on the first trading day of 2010… And all three are at new 52-week highs as well. Hopefully this is a sign of good things to come… The market rally sent […]
