September 22, 2011 by Dan • Commentary

MorningWord: 9/22/11: So let’s recap the last 24 hour’s events, Moody’s downgrades BAC and WFC, FOMC states policy that was already in the market and specifically responsible for last week’s 5% rally, weak initial read …

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September 21, 2011 by Dan • Commentary

MorningWord: 9/21/11:  Lots of cross-currents exist in the markets these days and price action does not always tell the fundamental story.  We know that the markets are a discounting mechanism for future events, but as …

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September 20, 2011 by Dan • Commentary

MorningWord: 9/20/11:   Our futures and European markets have rallied off the lows this morning following S&P’s downgrade of Italy, with the DAX now up 2% and the S&P futures now up 60 bps….Gold has bounced a bit …

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September 19, 2011 by Dan • Commentary

MorningWord: 9/19/11:  This morning is the third Monday in a row where we wake up to weakness in equity markets the world over resulting from the European debt crisis.  The past 2 weeks our markets …

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September 15, 2011 by Dan • Commentary

Market Touch: 9/16/11:   The Focus will be on Europe again today as EU central bankers/finance ministers meet in Poland (insert obvious joke), accompanied by US Treasury chief Geithner, a man who is familiar with banking crises.  After …

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September 15, 2011 by Dan • Commentary

Market Touch: 9/15/11:   The SPX did its best to close above the physiological 1200 level yesterday on what was by all accounts a strong showing by equities the world over.  The late day weakness (1% off …

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September 14, 2011 by Dan • Commentary

Market Touch: 9/14/11:   It is hard to argue with this week’s price action in the equity markets, especially ours…..overnight futures declines as a result of Europe weakness are being met with buying on this …

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September 13, 2011 by Dan • Commentary

Market Touch: 9/13/11: Yesterday’s late day rally on the FT report that China would come to Italy’s rescue by buying their beleaguered bonds seems to be counter-punched by a WSJ story this morning that one …

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September 12, 2011 by Dan • Commentary

Listen, lots of people are gonna tell you that the current sovereign debt crisis in Europe is not to the scope of the financial crisis that was born here and spread the world over a …

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September 12, 2011 by Dan • Commentary

Market Touch: 9/12/11: Deja vu all over again….the start of this week seems to be a redo of last Monday/Tuesday…..The DAX is making fresh 2 year lows, down almost 4%, hovering around the psychologically important 5000 level …

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