Monthly Archives: November 2007

SHORT TERM: market ends mixed after big gap up opening, DOW +60 The market gapped up this morning on overnight buying due to accommodative comments by FED chairman Bernanke. Within the first few minutes the SPX rallied 19 points to … Continue reading →

SHORT TERM: market gaps up at the open on positive FED comments, DOW +125 Overnight the Asian markets were mostly higher with the exception of China’s SSEC. Europe came in +1.15% as well, as stock index futures were being bought … Continue reading →

SHORT TERM: market ekes out a marginal gain, DOW +22 First a clarification. The housing market is certainly in a recession of paramount dimensions. Sales were up in October due to price cuts. There is an 11 month inventory of … Continue reading →

SHORT TERM: market opens lower after yesterday’s strong showing, DOW -40 Overnight the Asian markets were all higher following the rally in the US. Europe came in about 0.25% higher as well. Stocks opened slightly lower however, after the revised … Continue reading →

SHORT TERM: market soars on Kohn’s comments and beige book, DOW +331 Stocks gapped higher this morning after the vice chairman of the FED Kohn suggested that rates will not be going up anytime soon, and banks should be more accommodative … Continue reading →