When you have been in this business as long as I have, certain patterns become apparent; and one of those patterns showed back up yesterday. In the 20+ years that I have been working with Chuck, it always seemed the currencies rally whenever Chuck spends a week or two away from the desk. We call [...]
The stock market rallied throughout most of yesterday’s trading session, then stumbled into the close. This pattern has become unnervingly familiar of late. It’s true that the Dow has only dipped 2% since closing a notch above 10,000 on October 19, but the decline feels a bit worse than that. Maybe that’s because so many [...]
Interesting day to be watching stocks… have the tables turned? This morning had all the makings of the typical 2009 market rally. Check out these earnings, all within the last 24 hours: Apple reports a 46% jump in profits from last quarter, beats estimates by 17% Caterpillar reports 64 cents a share worth of earnings [...]
