Political Volatility

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The market came under serious pressure yesterday and the VIX rose sharply to 19. The 300 point move in the Dow Jones, from up over 100 points to sharply down 200, not only reflects intra-day volatility, but also how fragile this market is and how fast it can turn on a dime. Political Volatility As Read more…

Cloud Computing – the Next Big Thing

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Cloud Computing is just getting started, which our main theme today. The market was tested last week and the quick knee jerk reaction from the Fed meeting notes showed how quickly and fragile the market is. It also reflected how accustomed we have become to the Fed’s monetary policy of low rates and bond buying. Read more…

Is the Fed Testing the Market?

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The market had a rather strong, two-day sell off, but I wouldn’t call it a correction just yet. The SPX, NDX, and RUT all held their short-term trend supports and slightly bounced when they got there. The spark or catalyst for this event was the release of the Fed minutes, which triggered concern that they Read more…

Sequester and Economic Data

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We continue to face bipolar market conditions as the Sequester looms. On one hand, we have some stable fundamental growth in the emerging markets and, while it is economically anemic in this nation, it is not getting worse. Couple this with artificially low interest rates in treasuries and it translates to a strong equities market. Read more…

Strength in Equities

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We continue to inch higher and wait for another shoe to drop, but so far nothing has. We do know that two storms are brewing on the horizon (sequester and debt ceiling), but for now we ignore them. We are seeing some intra-day volatility which has created more head fakes of possible break-outs higher or Read more…

Mergers, Meteors, & Manufacturing

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Traders, This was a rather frustrating week for both the Bulls and Bears. On one hand the global growth story for multi-national corporations is still strong; on the other, the domestic economic/political problems continue to remain the wet blanket. Investors, too, are frustrated and I think are willing to take the risk in equities because Read more…

Domestic Employment

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  Weekly jobless claims have seen significant volatility since the beginning of the year. First we saw a massive drop, revisions, and then a huge increase. It had many economists scratching their heads primarily due to the revisions and “seasonal adjustment” factor, which goes unpublished. This seems to be the first week where volatility has Read more…

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