Archive for the ‘Market Recap’ Category

 

Market Recap (GCX, RIG, GNK)

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May 15th, 2008

The stock market was positive by a nice margin for its second straight day, with investors delighted by a pullback in oil prices on the heels of better then expected economic data.
Wall Street has been concerned about consumers cutting back their spending, so they were pleased that the energy markets gave up their early gains [...]

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Market Recap

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May 14th, 2008

The market sputtered to a higher close today after being up as high as 150 points on the dow earlier.  We are very close to breaking out, however expect another day or two of potential flatness in commodities before oil pushes higher and the dollar weakens again.  On a side note, I must appologize for [...]

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Market Recap

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May 13th, 2008

Today ended relatively flat, with the NASDAQ up slightly driven by the possiblity of a proxy fight for Yahoo.  There was a significant amount of negative information reported to the market today and the market still stayed relatively steady.  Expect to be slightly up the remaining 3 days of the week.

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