Month end musings

While the summer months are usually the slowest season on Wall Street, July has proven to be anything but. As we enter the month of August, can we expect the same? Whether we focus on overseas markets or review our own, it is clear that volatility remained and will...

Earnings keep the market in check

After touching new highs, once again the indexes retreated but, with the exception of the Dow, are still in the upper end of their trading ranges. Second quarter results are following the usual pattern of earnings “beats” but fewer investors seem willing to play that...

O Ye of little faith

What a difference two weeks make. Back then, if one took the warnings/advice of the media and much of Wall Street, we were facing financial Armageddon. Today, the markets are flirting with new highs. What lessons can we learn from that? Number one: the media’s first...

Global markets weather a wild week

After weeks of trading in a narrow range, world markets broke to the downside. The culprit was once again Greece. Now investors must wait until this Sunday to discover if there is more selling ahead. Last weekend’s move by Prime Minister Alexis Tsipras of Greece to...

Second quarter earnings on deck

  Next week we get to do it all over again. The second quarter ends in three days and investors will begin to focus on company results once again. The first quarter was nothing to write home about and the second quarter may be more of the same. The final revision...

From Russia with love

  The newest wrinkle in the Greek debt crisis occurred this week when Greek officials met with Vladimir Putin to discuss a gas pipeline extension as well as the possibility of lending the cash-strapped nation additional funds. Deliberate leaks to the press during...