The assassination of his character, to me, is absolutely ludicrous. There's no question in my mind, if there's a person in the world of hockey that deserves the benefit of the doubt in a situation such as this, it's Wayne Gretzky. |
The belief has been that if the economy is recovering and corporate profits are improving, equity markets will fall in line eventually, |
The capacity utilization and industrial production number are forecast to show modest improvement, the housing number won't be as strong as it has been, but it'll still be strong. However, none of these data due tomorrow are really market-moving. I think stocks may be set to drift the rest of this week and into the close of the year. |
The choice is between getting in now and risking near-term volatility or getting in later and missing a good portion of the market recovery, |
The crucial question is: What does the consumer do now? The answer will take some time to determine. |
The earnings continue to be positive and analysts continue to upgrade their forecasts on both earnings and gross domestic product growth, but the expectations are largely built into the market. |
The Federal Reserve's objective is two fold -- price stability and employment growth. All too often we think it's the Fed chairman's job to manage the stock market, when it's not. |
The final estimate of annualized GDP growth is not expected to change much and personal income and spending and consumer sentiment should all just be up modestly, |
The final estimate of annualized GDP growth is not expected to change much and personal income and spending and consumer sentiment should all just be up modestly. |
The housing numbers were certainly strong, so that should have been a positive and a few companies beat by a penny or so, but geopolitical concerns are overweighing everything else, |
The housing numbers were certainly strong, so that should have been a positive and a few companies beat by a penny or so, but geopolitical concerns are overweighing everything else. |
The interesting thing is that they did this on a day when economic information came out that was decidedly weaker than expected. It blunted what could have been a pretty bloody response. The resignations might have been planned for some time, but the fact that they were a secret and were released on exactly this date and at this time turned out to be very effective. |
The international news is clearly upsetting the market. |
The market has now fully reflected its belief in a second-half pick up, but for the kind of rally we've seen to continue, you're going to need to start seeing evidence. The weekly jobless claims number this morning is a start, but it's not enough. We could be bouncing around in the next few weeks. |
The market is reacting to the rise in oil prices and the conflicting economic news. |