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02.05.10
Running for the Exits - Pre Market
There is a growing sense of negativity among investors and, for a change, bad news matters. The market did not wait for today’s "all important" jobs report to make up its mind where it needed to go. With unemployment claims unexpectedly rising, no one is looking for a turnaround in the jobs data yet, so there was a rush to the exits.  
02.04.10
Bounce Stalling - Pre Market
After posting two triple-digit up days in a row, the Dow paused on Wednesday to catch its breadth, or breath. Large-cap tech attracted some investor interest ahead of Cisco’s earnings report and Cisco did not disappoint. CEO John Chambers forecast that the networking company would post fiscal third quarter sales growth of 23%-26%, well above analysts' consensus of growth in the mid- teens. That said, shares were up less than $1 (or 4%) in after-hours action.  
02.03.10
Bounce Underway 2 - Pre Market
The Dow posted another triple digit day on Tuesday. The index attained our initial target and then added a few dozen points for good measure. The S&P 500 crossed above the psychologically important 1100 level and is now just 4% below its January high. So far, this is not much of a correction. Crude oil closed up 3.7%, which helped the entire energy sector advance over 3%. Financials still lag, as does tech.  
01.29.10
Pre Market Commentary
The market made new lows on Thursday, as several tech leaders bit the dust. More than any other index, the Nasdaq represents the animal spirits of the market. When it starts to falter, the weakness tends to spread.  
01.22.10
Glass Steagall 2.0

Some will consider 01/21/2010 (11:39 A.M. EST) the moment the White House declared 'War on Wall Street.' Others will remember it as the day the government declared its Independence from Wall Street.

01.19.10
Pre Market Commentary
The Dow fell 100 points on Friday, the worst decline of the year. We think we are approaching a top in the indices, but there is no telling how long it will take to form or what the topping pattern will look like.