A Closer Look
The S&P 500 continues to creep up on no news from Europe and further monetary easing here in the US. While the move up has been nothing to write home about, the markets do find themselves overbought, and sentiment is quite positive, which may signal at least a short term top. The VIX index hit .. read more
Market Week in Review
Another week of depressing economic reports was capped by the report of another 500,000+ jobs loss in December. The stock market fell roughly 5% in its worst weekly performance since November. All in all, not a good week. There were some bright spots in the economic data but overall, there wasn’t much for a bull to .. read more
Intel, ADP and the Indian Enron
Several factors conspired to push the DJIA down 245 points today. First came news that Indian outsourcing giant Satyam was cooking the books (via WSJ): The chairman of one of India’s largest information technology companies admitted he concocted key financial results including a fictitious cash balance of more than $1 billion, a revelation that sent .. read more
