It was a pleasant opening today for the market with positive results and market activity from Europe, as well as generally positive domestic economic reports this morning.  In particular, pending home sales were up 1.5% versus an expected 0.1% and last month’s -1.0%.  Personal spending was a little better-than-expected while personal income was but a tad less-than-expected and lower than last month.  The week will be fairly full as companies continue to r

david / Tag: GNW, HFC, WDC / 0 Comments

Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.” -- Johann Wolfgang von Goethe

The Eurozone has been sinking into a steady and extended recession, and if there is some reason for that trend to reverse itself in the near future, it isn’t an obvious one at the moment.

daniel / Tag: DJIA, COMP, SPX, VIX, SOXX, SMH, FDN, FXL, QTEC, IGV Technology Sector, Eurozone, SP 500 Index, PIIGS, Merkel, Letta / 0 Comments

Scott MartindaleDespite an environment of uninspiring economic reports, stocks have regained their footing once again. Last week, bulls found that they simply couldn’t ignore the Boston bombing like all the other worrisome news, but the quick capture of the perpetrators has removed the domestic terrorism cloud.

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, iyw, IYK, IYE, IYF, IYH, IYC, IYM, IYZ, IDU, IYJ, MIDD, CACI, CREE, TUP / 0 Comments

Today’s market opened up a tad on positive action from Asian and European markets; however, the pangs of last week’s painful performance took hold and the S&P 500 fell as much as 0.7%.  Earnings and revenues for Caterpillar (CAT) were below estimates causing investors to recall flat to poor results from General Electric (GE), International Business Machines (IBM) and McDonalds (MCD) on Friday.  Then, shortly into today’s session, Existing Home Sales o

david / Tag: ABBV, SIG, HCI, MSFT / 0 Comments

“All generalizations are false, including this one.” -- Mark Twain

For those investors who may have been feeling a tad complacent due to the recent record highs of several of the major indices, last week probably served as a reminder that high volatility is always just a shout away from knocking the market down a notch or three.

daniel / Tag: KIE, FXO, IYF, PSP, VFH, DJIA, COMP, SPX, VIX, AAPL, financial sector, Eurozone, CBOE, SP 500 Index, China / 0 Comments

Scott MartindaleMarket timing is tough duty. Even as stocks have risen inexorably and we all knew it couldn’t go up in a straight line, still picking tops is hard. You can be wrong for a long time, and either lose your shirt shorting the market, or miss out on big gains by staying out.

smartindale / Tag: sectors, ETF, iShares, SPY, VIX, IYH, IYF, iyw, IYJ, IYE, IYK, IYC, IYZ, IDU, IYM, RE, C, VCLK, CREE / 0 Comments

 

Editor’s note:  Overshadowing the turbulent market today were the two explosions near the finish line of the Boston Marathon. Our hearts go out to those injured, and the families of those killed.

China reported GDP at 7.7% year-over-year for the first quarter versus an expected 8%— and the markets toppled.  All Asian markets had a bad day; all European markets had a bad day; and all domestic markets opened sharply down.  Gold fell over 8% already.

How’s that for a Monday eye-opener?

david / Tag: C AGNC UTHR VIX GLD / 0 Comments

“Success is not final, failure is not fatal: it is the courage to continue that counts.” -- Winston Churchill

For the moment, investors continue to see any signs of a sharp market drop as a clear buying opportunity, rather than as a time to panic and exit the market.

In other words, greed currently trumps fear on Wall Street.

Is this a perfect time for a contrarian play or what?

Hedge-fund Jana enters position in 2013 Baker's Dozen pick Ashland, Inc. (ASH) citing undervalued shares.
http://online.wsj.com/article/SB10001424127887324240804578417061007036292.html?ru=yahoo&mod=yahoo_hs

walter / Tag: ASH / 0 Comments

Scott MartindaleBulls have regained their footing and recruited some reinforcements, as the S&P 500 on Wednesday powered right through its 5.5-year intraday high of 1576 on increased trading volume to set a new record of 1589.

smartindale / Tag: iShares, sectors, ETF, SPY, VIX, TITN, QCOM, SNDK, HHC, BRKB, MPC, EPL, iyw, IYF, IYJ, IYH, IYK, IYC, IYE, IYM, IDU, IYZ / 0 Comments

This week began on the same negative tone that last week ended on. There were no economic reports today, but an unexpected European problem surfaced as the Constitutional Court in Portugal ruled out a number of austerity measures that the Portuguese administration had implemented, pursuant to the requirements of the ECC, IMF and EC.  This creates a dilemma for both Portugal and the troika. 

david / Tag: ZAGG, M, UTHR / 0 Comments

Better three hours too soon than a minute too late.” -- William Shakespeare

In spite of the fact that the market has been hitting record highs recently, the deep disconnect between Main Street and Wall Street, accelerated by the budget cuts known as the sequester, will likely cause the Bulls to retreat in a serious way within the next couple of earnings seasons.

daniel / Tag: SOXX, FDN, IGV, SMH, FXL, QTEC, Technology sector, Sequester / 0 Comments

Scott MartindaleLast week, I talked about the impressive strength this year in the Dow Jones Transportation Average, but it since has been hit by investors’ renewed worries about global economic growth and financial stability. Its fall has been led by weakness in the airlines.

smartindale / Tag: iShares, sectors, ETF, SPY, XHB, IYT, VIX, iyw, IYK, IYF, IDU, IYH, IYJ, IYE, IYM, IYZ, IYC, FFIV, SWI, NVR, PII / 0 Comments

With European markets closed for Easter on Monday and Asia soured by poor economic reports from both China and Japan, it was up to the domestic ISM report and the Construction Spending reports to give the market a boost.

david / Tag: APO, JAZZ, SNTS, XHB / 0 Comments

“Nothing like a little judicious levity.”-- Robert Louis Stevenson

A few weeks back, when word hit Wall Street that the Cyprus government planned to impose an across-the-board tax on the depositors of its two biggest banks, the major indices fell sharply and quickly.

daniel / Tag: PSCT, SOXX, FDN, TECL, IGV, SMH, FXL, QTEC, Technology sector, Eurozone, Cyprus, ECB, EC, TROIKA, IMF, European Union, EU, PIIGS / 0 Comments