Dow Falls 129 As Volatility Spikes: The stock market bulls could be losing momentum. The Dow Jones Industrial Average fell 129.71 or 0.93 percent to 13,880.08 over renewed fears about Europe, Asia and U.S. economic data after a soft unemployment report last week. Traders liked the unemployment report numbers on Friday, but concerns about the…
January 2013 Stock Market Rally Shows Signs Of Weakness- Time For Sector Picking: It’s way too early to assume the recent rally in U.S. equities is over but there were some early signs today the market could be overextended. This doesn’t mean the S&P 500 January 2013 rally can’t gain a few more points but…
Financials Lead As Market Enters Next Phase Of January 2013 Rally: Stocks closed higher today led by the financial sector despite Apple’s follow-through downtrend after its earnings were announced yesterday to little fanfare. The XLF continues to be on a tear and shows investors are hungry for risk. Risk appetites usually rise after a couple…
Predictions 2013: Bonds vs. Stocks: It’s simple. Stocks. This year will be lackluster for bonds. Most of the year, we expect bonds to do poorly and this follows from our analysis last year. We were telling our readers to avoid the TLT exchange traded fund and buy the XLF. We saw a few people around…
Equities Hold Firm After Strong First Week 2013: Stocks held ground in rangebound trading today as investors digested the news from Wells Fargo’s earnings report today. Wells Fargo posted record profits for the quarter and speculation grew today that the rest of the banking sector was returning to the profitability of a few years ago…
