The Reformed Broker, AKA Sookie Stackhouse, here with today’s Market Recap… The stronger dollar/ weaker stocks and commodities trade was On Like Donkey Kong once again today. Estimates for global gdp growth were revised lower overnight, and as you can see below, the materials and metals bore the brunt of the beating as the Dow…
Visa
Market Recap: Punks Jump Up…
[youtube=http://www.youtube.com/watch?v=dxBvUqLs_eU] The Reformed Broker, AKA Kool G Wrap, here with today’s Market Recap… The Chrysler bankruptcy had virtually zero impact at the open and the Dow quickly gained a triple digit head of steam. As the day wore on, however, stocks faded and profits were taken. Speculative juices vanished and as Brand Nubian said, Punks Jumped…
Market Recap: Explosive Rally…Yawn
The Reformed Broker, AKA Pedro Cerrano, here with today’s Market Recap… Either the bulls brought their “A” Game or the bears forgot to set their alarms, ’cause the action today was up from the open, with the DJIA up roughly 2% all day. Here’s the 3:30 look at the Dow: As of the close, we…
Will Visa Replace Citi in the Dow Jones?
I did a piece recently, New Candidates for the Dow Jones, and since then, things have gotten even worse for Bank of America (BAC), Citigroup (C) and a handful of other DJIA names. While the Index Editor who oversees the Dow, John Prestbo, has gone on record saying there won’t be any changes right now,…
