July 27th, 2010

The DOW is down a few points this morning on a see-saw of earnings coming into the stock market. The monthly consumer survey released today shows that consumer confidence is at the lowest point sine February. This is not promising as last week we saw big gains once again in the DOW and this week some companies are starting to gain some ground on the past recession. BP replaces CEO Tony Hayward with the companies first American CEO, Robert Dudley. They also reported a quarter loss of $17 billion dollars as they still try and cope with the oil spill.

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On the way back a little

The DOW is up 200 points today in early trading due to more profits by companies Caterpillar, AT&T Inc., 3M Co. and UPS Inc. There is also signs of growth in Europe (Finally!) which points to a good ending to a poor week. Mortgage rates also fell to a national new average low of 4.57% and jobless claims have gone up once again. It seems lie the economy is getting better but then why are so many claims coming forward still and housing still on the way down? Just something to ponder about until tomorrow.

Wednesday...let the falling begin

I'm losing a good chunk of my share as this market sucks up my money. The DOW dropped 109.43 points today. Don't even know what to write today. Disappointed

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July 20th

So its been a few days since my last posting but since then the market has been down down down. Today's woes begins with Goldman Sachs and IBM both posting weak revenues driving the SOW down 55 points in early trading. This looks to be another bad day as BP scientists along with government scientists yesterday discovered that methane gas may be leaking out of the ocean floor 2 miles from the leak.

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Retail Sales disappointing

Retail sales were disappointing Wednesday as stopped the rally early in trading. The DOW has been gaining the past 6 days. Retail sales dropped .5% which is worse than economists had forecast. The weak sales report gives us a real look at how the economy is recovering although .5% doesn't seem too bad but when your talking about big companies like JCPenney and Macy's, it turns out to be a big chunk of money. Let's look for the DOW to go down today but no more than 50 points.

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The market is starting off great today as the DOW is posting an early gain of 132 points holding on ALCOA INC. and CSX have both posted huge earnings from the past quarter leading many to believe the worst is finally over. We can only hope. Lets see this gain carry out throughout the day and into tomorrow.


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Day after best week

Stocks got a decent lift Monday ahead of earnings reports from companies. Right now the DOW is down around 22 points after the best week since 2009. Hugh Hefner wants to buy the last remaining shares of Playboy in order to take the company private and Avon Products is expanding their market as they bought out Silpada Designs for $650 million. Many Dow Theorists believe that the worst is over and stocks will continue to sore upwards but investors are weary as all of us have heard of this before. Look for little gains or losses by the end of the day as we re-adjust slightly for last week's boost.

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Dow up yesterday and today

It's looking like a good week for the market so far this week with gains in almost every sector. General Electric (GE) has gone up almost a dollar per share from where it was last week and Bank of America (BAC) has followed suite. Looks as if the market is making a slight comeback we can all hope for as the market ended its losing streak yesterday. Look for a strong finish as the market once again turns around from where it once was.

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Start of a new week 7/6

The DOW opened strongly after a long weekend currently up almost 150 points with a lot of trading yet to go. The early rise is due to investors creeping back into the market although it is still risky and many stocks are not back to the '07 highs. Look for another tiresome and worried week as the DOW will fluctuate as the economy hopes it will not enter into another recession.

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The bad week continues

The market continues its drop today as consumer reports came out today as consumers are still worried at the start of the 3rd quarter. This led the DOW to drop 58 points in early trading. Mortgage rates are the lowest they have been in 50 years. Very many stocks look very good right now as I said before but for those same stocks the prices have also gone wayyyy down so take a look at them.

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