Jeb | November 23, 2009
General Market Comment: November 23, 2009
While things should be relatively calm this week before Thanksgiving the government data mills will still spew data on Q3 GDP, Personal Income, Personal Spending, Durable Orders etc. We will also get private sector updates on consumer confidence which of course the pundits will dissect for clues about the upcoming [...]
Jeb | November 16, 2009
General Market Comment: November 16, 2009
Earnings season is drawing to a close. As of last week, 80% of the 463 S&P 500 companies who had reported beat earnings estimates. Here is an update of the number of companies beating the estimates as prepared by Thomson Reuters. You will note how strong technology and healthcare – [...]
Jeb | November 9, 2009
General Market Comment: November 9, 2009
The market had a nice rally last week following the closing of October with the worst week it had experienced the panic lows of last March. There was the usual flow of warnings that maybe the huge market rally since those lows in March was about to end. That is [...]
Jeb | November 2, 2009
General Market Comment: November 2, 2009
So the history books will say that October was the first loss month in the market since the dreadful days of February 2009. That said, 7 consecutive up months was quite an accomplishment. In fact – we haven’t seen that many consecutive up months since 2003. Back then – when [...]