Stock market indices are in record territory
RichC | April 29, 2013
Dow Industrials Close at Record High of 14253.77
admin | March 5, 2013
The Dow Jones Industrial Average surged Tuesday to its highest closing level ever jumping 125.95 points to finish above the previous record of 14164.53 set on Oct. 9, 2007. The low was a year and a half later bottoming out at 6547.05 on March 9, 2009. For those holding or buying “long” and in the [...]
Stocks rally as the immediate fiscal cliff panic was defused
RichC | January 2, 2013
Well the “fiscal cliff” has been averted for the time being … a sort of a “kick the can down the road” decision was made in Washington DC … to use two of the banished terms for 2013 (link). The deal with hardly dealt with spending, the deficit or the looming under-funded entitlements which are [...]
Intel will delay opening of stock on CEO retirement
RichC | November 19, 2012
After 40 years at the helm of Intel ($INTC), CEO Paul Otellini intends to retire in May of 2012. The announcement has delayed the opening of Intel’s stock today and after a significant downturn in stock price will be another concern for investors. Intel Corp. (INTC) President and Chief Executive Paul Otellini intends to retire [...]
Markets up after Fed action while mideast continues in turmoil
RichC | September 14, 2012
While the financial markets here in the U.S. climb due to Fed Chairman Ben Bernanke initiating QE3 and adding more dollars to the economy, the Muslim fanatics in other parts of the world protest, breach U.S. embassies and kill Americans. The current response from the Obama Administration has been cautious and seemingly sends mixed messages [...]
Financial markets flirt with the psychological 13,000 mark
RichC | February 21, 2012
I watched the Dow break the 13000 mark a couple of times today, but unfortunately for bulls, it didn’t hold; the Dow closed up just .13% at 12966. Looking back a few years, the Dow last traded at the 13000 level in May 2008 and was heading down from its historic high of 14198 in [...]
Markets rise and lift “almost” all boats–Santa Claus rally?
RichC | December 20, 2011
A very positive day for a broad swath of Wall Street and U.S. based companies. The stock market saw trading return the Dow Jones Industrial Average back over the psychologically challenging 12,000 mark. Those watching the ups and downs realize that one day up 300+ points doesn’t mean all that much … especially when considering [...]
Markets jump after Fed banks agree to unlock liquidity
RichC | November 30, 2011
The financial markets woke up to a jolt this morning as several central banks including the U.S. Federal Reserve unified to shore up the global financial system. The debt crisis in Europe has continued to put downward stress on world markets and economies; the cheaper U.S. denominated loans available to European banks is expected to [...]
Investors tried to digest more than one kind turkey
RichC | November 26, 2011
I not the only one with indigestion … and it isn’t from the Thanksgiving day eating or the leftovers (or even the Black Friday frenzy) … but the crushing financial markets that have haunted investors since Halloween. The Dow Jones Industrial Average has turned in its “worst Thanksgiving week performance since markets began observing the [...]
Wall Street and market indices improve a bit
RichC | November 15, 2011
The news from Europe and lackluster leadership in Washington DC continued to dampen investors hopes that we might see a rebound in both jobs and economy, but for today the markets closed up after an early down move today. The Dow was up 17 points, S&P 500 about 6 and the Nasdaq an impressive 29 [...]
Is it safe to look at your retirement savings again?
RichC | October 27, 2011
Earlier this year as 2010 rolled into 2011 many American though it might be safe to look at their IRA and 401K statements after the long recession … but as deficit and debt talks heated up and U.S. debt was downgraded due to continued Washington DC borrowing and spending this past summer … most of [...]
Recovering losses after politically triggered market meltdown
RichC | August 15, 2011
We’ve started off the week in a more upbeat fashion as the expectations are high for some kind of deal on Tuesday from the Europeans. Hopefully they’ll be able to sooth the jitters many are having over banking and Eurozone’s socialist mentality. I’m not holding my breath that they’ll be able the make the social [...]
French banking concerns continue pessimistic view for markets
RichC | August 10, 2011
Maybe it just that we’re looking to point fingers or for a reason to remain pessimistic in our interconnected economies, but most reports I’ve been reading are now looking at the possible downgrade of French banks … and government. This spilled over to US markets (particularly banking) and started the day negatively. After some regrouping [...]
Financial markets down after Fed, but up in the last hour
RichC | August 9, 2011
Although I’m tiring of watching the fickle up and down action of the stock market … as are those who might stumble across my blog these couple of weeks … it is better to be able to say that the Dow Jones Industrial Average finished near session highs today. The 429.92 points – 3.98% gain [...]
Is the economy heading down again or is it just panic selling?
RichC | August 8, 2011
Double dip or not? That is the question investors are facing, especially if they are holding stocks and bonds. After lunch today the markets are still seeing heavy selling … panic selling perhaps … after the S&P downgrade this weekend. Realistically though, companies and even banks are much stronger than they were back in 2008 [...]
Dow Jones Industrial lower for 5th straight week
RichC | June 3, 2011
The Dow Jones Industrial average continued its slide back towards 12,000 and most other indices followed suit. Unfortunately the stream of negative news relating to the economy has been pressuring buyers to either remain on the sidelines or sell shares in all but a few hot IPO offerings. From companies slow to hire new workers, [...]
Gangbuster recovery for a week of down markets
RichC | May 27, 2010
DJI: +285 (+2.8%) | NASDAQ: +82 (3.7%) | S&P 500: +35 (3.3%) If I knew how to trade the up and down stock market I’d be a happy camper … unfortunately it is near impossible. Today’s comeback saw stocks returning the losses from Tuesday and Wednesday, but conditions on Wall Street (and in the overall [...]
A Nervous Bull and Healthcare thoughts
RichC | August 13, 2009
As U.S. Congressional representatives sweat over whether to have townhall meetings in their states to talk healthcare during the August recess, I sweat over how to plan financial security for my family’s future, of which health insurance is a part. Years ago it seemed logical to just keep plunking away a few dollars into a [...]
It doesn’t get much uglier than this: DJIA 6763
RichC | March 2, 2009
WSJ Online Here’s a bright thought: if, scratch that, when … the economy rebounds, it most likely will rise quickly from the shocking lows we are currently seeing. The dark side is that this selloff doesn’t seem to be finding a bottom and there aren’t many confident traders ready buy stocks again. Today’s news from [...]
Desultory - des-uhl-tawr-ee, -tohr-ee
- lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
- digressing from or unconnected with the main subject; random: a desultory remark.