5:30:33 PM EDT |
Government Shuts Down, Market Rallies
The Senate was unable to pass a budget over the weekend, which has resulted in a government shutdown. The stock market reacted with a gap up this morning and buyers then added to the rally, finishing the day on a high note. Perhaps the market is telling us we're all better off with the government shut down.
10:55:20 PM EDT |
Buy the Dip
The Senate failed to pass the budget resolution on Friday and the government is in shutdown mode.
5:05:02 PM EDT |
Government Shutdown Looms, Again
Another government shutdown is looming over the market but even that hasn't put a damper on earnings.
8:45:11 PM EDT |
A Dip To Refresh
Tuesday's gap up and then strong reversal back down turned into another one-day selloff that the dipsters couldn't resist. Starting with another gap up this morning, the buyers did some follow-through buying and drove the indexes back up near yesterday's highs or made new highs, like the Dow. The Teflon bulls continue to shed bear attacks like water off a duck's back.
10:22:12 PM EDT |
The markets tripped after opening at news highs and performed an embarrassing face plant.
11:16:42 PM EDT |
Alan Greenspan must be taking sleeping pills at night after this recent rally.
5:17:20 PM EDT |
Earnings And Outlook Drive Market Higher
The major indices surged to new all time highs on better than expected earnings, tax reform and expanding growth in 2018.
8:53:01 PM EDT |
We've all become accustomed to a stock market that only knows how to rally and therefore it was unusual to see the indexes gap down this morning. It was only a minor move and the bounce back up could easily lead to additional new highs, but it also might have been a shot across the bow of the USS Bullship as a warning not to proceed any further.
10:54:07 PM EDT |
Boeing Leads Again
Boeing continued its role as the biggest gainer on the Dow by adding another 54 points or half of the day's gains.
5:20:41 PM EDT |
Earnings Optimism Buoys Stocks
The US indices held steady on earnings optimism, and the estimates just got a big boost.
10:23:17 PM EDT |
Stampede in Progress
The bulls are stampeding and the bears are getting trampled.
5:23:21 PM EDT |
Dow 30K On The Horizon
Trump said it first, now that the Dow has crossed 25,000 our new number is 30K.
8:49:11 PM EDT |
He might have been late, due to fighting off the bears attacking his reindeer, but Santa arrived for the final two days of the period when we typically get the Santa Claus rally. January has started off on a bullish hoof and that bodes well for the rest of the month and year (maybe).
9:49:16 PM EDT |
Strong Bullish Rebound
The major indexes overcame strong bearishness at Friday's close to rally back to the resistance highs.
8:47:15 PM EDT |
Record Market Gains
2017 will go down in the history books as a banner year for nearly all investors.