12:25pm (EST) There was a lot of tension heading into today’s speech by Federal Reserve Chairman Ben Bernanke as the bulls and bears were hoping for different results. The bulls wanted possible hints of another stimulus package while the bears were hoping for nervousness and panic on the Fed’s part.
You Can’t Always Get What You Want
Futures Pointing Towards Sharply Lower Open
9:05am (EST) When we went over the charts in our Weekly Wrap for the major indexes on Sunday, we knew the market could go either way this week heading into today’s highly anticipated speech from Federal Reserve Chairman Ben Bernanke. The bears appeared to have the momentum following last week’s romp and the indexes were
Bulls Struggling to Hold Gains
2:00pm (EST) Futures were weak in overnight trading and when the overseas markets opened this morning for trading after the Moody’s downgrade of Japan. Dow futures were down triple-digits when we hit the rack last night and had improved once we started to settle in for today’s trading. The market
A Walk Down Memory Lane
1:30pm (EST) No one knows when the Financial stocks will bottom and we doubt we have seen the lows for 2011, but we are getting close. Here is a walk down memory lane from some of our past articles on the Financial stocks as we look at the uptick rule