8:45am (EST) Europe’s head honcho’s are falling faster than dominoes as Greece’s Prime Minster dropped first followed by Italy’s – once their austerity budgets pass. Unfortunately, the US will have to wait until 2012 to get some new knuckleheads in office but hopefully they are business people who can createRead more
Late Day Rally Pushes October Resistance
Market Slightly Up as Bulls Take Breather
Bulls Fade but Could Bounce Back
Another One Bites the Dust
Bears Cover Shorts, Market Surges 3%
9:05am (EST) Wall Street was giddy on Thursday after hearing Europe’s long-awaited plan to fix their debt crisis is finally gaining traction. We covered the details of the 3-step plan yesterday and economic news here at home was decent with 3Q GDP (Gross Domestic Product) coming in better-than-expected. Jobless claimsRead more
IBM Weighs on Blue-Chips, Dow Still Up
Bears Land Early Blows
Bulls Feeling Good
Breakout on the Horizon?
2:25pm (EST) The talking heads are saying we are off to a disappointing start to the earnings season but obviously they are reporting on the wrong companies. We have mentioned Wall Street and the media makes too much out of Alcoa’s (AA, $10.19, down $0.11) earnings which “officially kicks offRead more