MCD is one of the few stocks on my board that is down today as a result of the company missing their Feb same store sales estimates for the first time since August 2011. Feb Comps, actual vs …
Continue readingAsia
Yesterday’s late day collapse, with today’s inability to hold the morning gains only to collapse for the second afternoon in a row may be the nail in the coffin for this trading range we have …
Continue readingAs I write at 9am, the S&P500 futures are down 70bps, the DAX is down ~80bps near the lows of the session, following a strong showing by Asia overnight up in sympathy with our strength …
Continue readingAfter yesterday’s rout in the equity markets I would much prefer a down opening, maybe something in the magnitude of what the S&P500 futures were down in the overnight session. As expected Asia was down, …
Continue readingEven-though the debt ceiling debate was a full on side-show, and the result was a forgone conclusion, the drama merely drew attention from the continuing troubles in Europe and the weakening pace of our own …
Continue readingWaPo House and Senate leaders were preparing separate backup plans Sunday to raise the federal debt limit after another day of intense negotiations failed to break a partisan impasse that threatens to throw the government …
Continue readingI am taking this one off at 1.05 for a very small gain, and frankly only break-even after commission. Here is the deal, I played for a big move lower on earnings, and while the …
Continue readingLot of noise this morning with a little something for the bull, the bear and the indifferent….
Continue reading