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Twitter, tech and biotech stocks hammered again

WASHINGTON, April 30, 2015 – Sloppy, light-volume trading dominates the boards Thursday morning as all major averages continue to sink under the dual weights of too little action and too much information to digest. For at least the third day this week, still overpriced tech and biotech stocks are taking a shellacking, but nearly everything ...

‘Traders not know meaning of fear… but traders could learn’

George proudly proclaimed to the camera in true Johnny Weissmuller dialect, “George not know meaning of fear…” Whereupon the gorilla commenced to pound George halfway into the ground like a tent stake, prompting George to observe, "but George could learn.”

No Easter Eggs for this week’s Wall Street action

WASHINGTON, April 5, 2015 – Happy Easter Sunday to all. Whether you a secularist who believes only in the Easter Bunny, or a more spiritual being who ponders the more serious dilemmas of life today and the Resurrection and the life to come—the real reason for the season—here hoping you and your families have enjoyed this ...

Oil patch rejoices as DJIA mounts another triple-digit rally

WASHINGTON, February 3, 2015 – We learned from wire reports earlier Tuesday morning that U.S. factory goods orders dropped for the fifth straight month in December 2014. The Department of Commerce said manufactured goods orders fell 3.4 percent across the boards, and November’s previously more optimistic numbers were revised downward as well. Looks pretty bad, ...

Stock trading tips for a troubled Wall Street Monday

WASHINGTON, January 26, 2015 − It’s hard to come up with good things to invest in these days, whether you’re dealing with stocks and bonds. Increasing company profits are largely mirages today, driven not by new product introductions by increasing earnings per share by the simple act of buying back shares while laying off more ...

Oil stable Tuesday, but PBOC credit action clobbers stocks

WASHINGTON, December 9, 2014 – Just when many of us were expecting at least a benign Tuesday trade, the Chicom central bank—(the People’s Bank of China, or PBOC)—which was thought to be loosening its grip on credit somewhat, actually went and tightened it last night without warning. To oversimplify, they largely accomplished this this by ...

Cisco [CSCO] cans 6,000, bad news good, stocks up for now

WASHINGTON, August 14, 2014 – Stocks were up sharply after this morning’s opening bell on Wall Street, but they’ve backed off to a little better than flatlining this morning with major averages up only about half a percent or so. Jobless claims were “unexpectedly” higher (no surprise to any millennial who’s been trying to get ...

Wells Fargo branch bank in Berkeley, Calif.

Stocks look to rise from Thursday’s early market crash

WASHINGTON, July 11, 2014 – As we indicated in yesterday’s opinings, Thursday morning’s Wall Street market opening was a nasty bloodbath with the Dow waterfalling down nearly 200 points. Fortunately, this bearish blast didn’t prove to be a record-breaking one. Bulls gradually gathered their senses about them and fought trench warfare against the morning collapse, ...

Monday’s stock market roadkill: Can the bulls recover today?

WASHINGTON, April 4, 2014 – Our desiccated, flattened, very much former squirrel pictured above is about what the stock market felt like Monday evening. With few exceptions, pretty much the entire market of stocks—particularly the techs—felt like a veritable stampede of now-pancaked fauna whose carcasses were scattered about Wall Street as if they’d suddenly encountered ...