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Apple’s iPhone 7 gets mixed reviews, stock sinks, markets drag

WASHINGTON, September 8, 2016 – Weirdness and indirection continued to grip Wall Street Thursday as all three major averages—the DJI, the S&P 500 and the NASDAQ—are currently down. The NASDAQ, in fact, is doing the worst, off 38.67 points as of 2 p.m. EDT, a negative 0.8 percent, likely due in part to heavily weighted ...

Oil, Brexit, Orlando and Fed fears hit Tuesday trading hard

WASHINGTON, June 14, 2016 – Wall Street couldn’t wait ‘til the end of the week for its latest Freaky Friday. That’s happening today, as the market continues tormenting traders and investors alike with the kind of action that can only be compared to the Chinese water torture. (Is that phrase still politically correct?) Drip, drip, ...

Market merry-go-round back in action on rumors and guesses

WASHINGTON, April 28, 2016 – Very short post from yours truly this morning. The Maven is trying to escape the maddening environs of the DC Metro area for a couple of days to take in a Cleveland Orchestra concert way up north in flyover country on the shores of once-again beautiful Lake Erie. Might as ...

IBM, housing starts down, stock indexes dazed and confused

WASHINGTON, April 19, 2016 – We’ll try to keep things short today since Tuesday’s stock market action has us confused once again, although that’s been par for the course since roughly the beginning of 2015. Stocks opened flat, then jumped significantly, only to sink back into the red in late morning trading. As of 1 ...

Saudis, Russians agree to oil freeze. No, REALLY… Brent soars

WASHINGTON, April 12, 2016 – Wow! What a wonderful Tuesday for the bulls! The big news coming across the tape: The Saudis and the Russians appear really, really likely to ink a deal as early as this weekend to freeze both countries’ massive combined oil output at current levels. And get this: They’ll do it ...

Stocks, metals off to the races. Irrational exuberance returns?

WASHINGTON, March 17, 2016—Like our friends the Marx Brothers above, Thursday’s markets, at least as of mid-afternoon, are clearly “off to the races.” Following Wednesday afternoon’s surprisingly robust afternoon rally kicked off by the Fed’s announcement, Thursday trading opened rather anemically, before kicking into gear around 11 a.m. EDT. That’s been a well-developed pattern this ...

Thursday markets: Bears rampage, Yellen hedges, oil tanks

WASHINGTON, February 11, 2016 – It’s getting really hard to write this daily column that describes the background and the action in the (once) wonderful world of stocks and bonds. Bears have been running rampant on Wall Street since the first trading day of 2016 and the carnage has already become considerable. The death and ...

Gold, oil catch a bid on Wall Street’s wild Wednesday

WASHINGTON, February 3, 2016 – In all honesty, there’s not a lot of concrete news to report today except for the same old, same old. Oil, commodities and stocks of all shapes and sizes are trading seemingly at random, with prices either overreacting or underreacting to earnings reports, rumors and whatever else the idiots running ...