1:50pm (EST) The two words we have typed a 1,000 times over the past two weeks are finally being laid to rest. Debt and Limit. Well, it is official as word the Senate has passed the debt limit extension bill by a 74-26 has hit the Street. The reaction hasn’tRead more
August 2, 2011
Bending but not Breaking
August 2, 2011
Get out the Pepto
9:00am (EST) If the volatility in July gave you heartburn then take another shot as things could get even crazier in August. The ups and downs of the recent indexes have caused some upset stomachs and yesterday’s nearly 300-point swing had Wall Street traders ordering doubles. We mentioned yesterday morning weRead more
August 1, 2011
Huge Rebound Expected on Debt-Deal Agreement
8:45am (EST) The bulls started the week facing pressure from the previous weekend after a proposed plan to cut the deficit fell through, as it did all week. The game of chicken between the Republicans and Democrats weighed heavy on the major indexes and just as the bulls appeared readyRead more
July 29, 2011
Starbucks (SBUX) Bucks the Trend
July 29, 2011
What our Government Could Learn from RIMM
9:00am (EST) The market traded in a somewhat tight range on Thursday with the bulls winning the battle for the majority of the day. However, the bears stormed back late in the session and took advantage of the uncertainty over the debt-ceiling to push the market lower by the end of the trading session. TheRead more
July 28, 2011
Big Vote after the Bell
1:20pm (EST) The market is seeing green today for the first time all week as all three of the major indexes are up. Although the debt ceiling debate remains unresolved, the bulls got some good news this morning after learning Jobless Claims came in under 400,000 at 398,000. Wall StreetRead more
July 28, 2011
Bears Gathering Steam as Debt Crisis Looms
9:05am (EST) The bears made it 3-in-a-row on Wednesday and stretched major support levels after another wasted day on Capitol Hill and not-so-rosy economic news. Futures were pointing towards a slightly lower open but got worse before the bell after hearing Durable Goods Orders for June fell 2.1%. Wall Street was lookingRead more
July 27, 2011
IPO Market Heats Up
1:10pm (EST) Despite a choppy market, Initial Public Offerings (IPO’s) are hot this week as we have counted at least a dozen companies making their debut. The biggest name on the docket is Dunkin Brands (DNKN, $28.04, up $9.04) which priced at $19 on Tuesday after the bell and opened forRead more
July 27, 2011
Humpty Dumpty Sat on a Wall…
9:00am (EST) The bulls started Tuesday’s session playing catch-up once again after the market open lowered over the “lack of urgency” in Washington to get a debt-limit deal done. The hemming-and-hawing between the Democrats and Republicans has been a drag on the indexes as Wall Street expected a deal would get done over the weekend,Read more
July 26, 2011
Broadcom (BRCM) Beats, Shares Surge
12:40pm (EST) The market is continuing its slow drift lower as the debt ceiling debate in Washington carries on with the August 2 default deadline just one week away. No use in going over the non-news so let’s look at economic news and earnings. Before the bell, the S&P/Case-Shiller 20-cityRead more
