A Week of Turkey & Bombs

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The holiday-shortened trading week of Thanksgiving had most Americans giving thanks for their many blessings over the past year.  Unfortunately, for those living in say South Korea had to deal with bombs being lobbed over by their fellow North Korean neighbors.  This past week on a global front we also saw the country of Ireland fall to its financial knees, …

Treading Water

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It was another see-saw week with respect to the equity markets, as the biggest news on the five-day trading week was General Motor’s initial public offering on Thursday, which raised over $18.1 billion in shares.  The other action surrounded the Federal Reserve as Ben Bernanke & Co. continued their quantitative easing program, and actually went before Congress to politely defend …

The Bubble Finally Bursts

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Stocks continued to sag throughout this past week, with traders once again taking their cues from overseas. On Friday, speculation began heating up that Chinese officials will soon begin to raise interest rates, after the country reported on Thursday that inflation surged to its highest level in more than two years in the month of October. Additionally, news hit the …

Running of the Bulls

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The stock market went on a rampage this past week as equities surged northward due to several important events including the mid-term elections, the Fed’s policy announcement, and an improving employment report for the month of October.  All the major equity indexes moved higher, partly due to the Republicans winning back control of the U.S. House, which is seen as …

So much for a Spooky October

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The stock market had its best October since 2003 due largely in fact to strong earnings reports, a growing economy and an improving report on jobless claims. October had loads of thrills for the bulls with big upside moves, and not many downside chills for the bears could be found. The S&P 500 closed out the past week virtually flat, …