Stocks Dive

Deepening worries over the pace of global growth spurred the latest tumble in stocks.  Thursday’s slide in stocks was among the deepest of the year, with stocks falling from the opening bell and picking up speed through the afternoon. Some of the hardest hit sectors were high-growth pockets of the market that have enjoyed big […]

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The Seven Year Itch

We have been all bulled up for seven years now and its probably not over unless you’re Tom McClellan who is calling for “THE” top between August 20-26.  Yes this August. The thing is that it just gets much harder at 2100 then 700. Shit moves around more dramatically and low market volumes accentuate this. […]

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Still Not Convinced, But Better

U.S. stocks finished higher Monday, extending last week’s gains, as investors shrugged off a weak reading on the manufacturing sector. The Dow gained 67.78 points, or 0.4%, to 17545.18, springing back from a loss of as much as 136 points shortly after the opening bell. New York state manufacturing  sector showed that business conditions weakened […]

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Sideways We Stay

Due to my annual summer flu I am unable to bark out a video today as I don’t have a voice.  Friday’s tepid move higher followed several days of sharp rises and falls in the stock market. On Monday, stocks climbed sharply, boosted by the largest one-day gain in oil prices in a month and […]

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Midday Update

The bulls couldn’t provide a follow through day higher yesterday, but the bears have certainly given us a follow through day lower today. Most of the indexes are down about 1.0-1.5% at midday as China continues to unsettle the market’s nerves. The S&P is currently trading below its 200 day moving average and it has […]

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Stocks Whacked On Yuan Devaluation

Stocks didn’t “yuan” to hear about it today.  China’s devaluation of its currency jolted global markets, hitting stocks and commodities and boosting government bonds, as well as fueling worry about slowing growth from one of the world’s biggest importers of raw materials. The Dow fell 1.2% to 17402.84, erasing most of the previous session’s gains. […]

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