There was potentially lots that could have moved the market last week. Earnings season was getting into full swing as oil continued its march higher. As if those weren’t enough, we had an FOMC Statement release and a GDP report and even more earnings to round out the week. But basically, none of those really…
Back in 2007 there was a sign that most mere mortals failed to recognize or understand as they stood in the path of peril. A messenger delivered such a sign some seven years earlier, as well, and did so again last month. The messenger was old, perhaps as old as the universe itself and his…
There was a time when the Chairman of the Federal Reserve did not hold press conferences. In the past that would have been a very good thing, as the last Chairman to not have held press conferences, Alan Greenspan, was cryptic. When he did speak, such as during congressional testimony, he could send markets gyrating…
Is there life after momentum slows? There was no shortage of stocks taking large price hits last week, as earnings season had already begun its slowdown phase. However, for some of the better known momentum stocks the slightest mis-steps were all the reason necessary to flee with profits. For those who live long enough, it…
“There’s always a calm before the storm” is a fairly well known saying that doesn’t always accurately define a sequence of events. Are all storms preceded by a period of calm? Is calm always followed by a storm? The predictive capability of a period of calm hasn’t necessarily been validated among meteorological circles. Being a…