Thunder is good, thunder is impressive; but it is lightning that does all the work.” — Mark Twain

If you go by Wall Street’s scorecard, the economy seems to be going gangbusters, as evidenced by the upward trajectory of the major equity indices. Read more about ETF Periscope: Sentiment on Main Street at Odds with Jubilation on Wall Street

daniel / Tag: SPX, DJIA, NASDAQ, COMP, GOOG, AMZN, EBAY, PCLN, YHOO, CRM, NFLX, AKAM, LNKD, FB, consumer sentiment / 0 Comments

Scott MartindaleAs most everyone expected, Congressional brinksmanship gave way to an eleventh hour agreement that will put the government back in business and raise the debt ceiling. However, it’s only a temporary measure that merely defers another knock-down/drag-out for a few months. The question is, how will investors react after an initial bullish burst of relief? Read more about Sector Detector: Bulls run with a temporary green flag from Congress

smartindale / Tag: iShares, sectors, ETF, SPY, VIX, IWM, IBM, YHOO, INTC, AXP, EBAY, MA, N, AAPL, RE, iyw, IYF, IYE, IYH, IDU, IYK, IYC, IYM, IYZ / 0 Comments

I am always doing that which I can not do, in order that I may learn how to do it.” -- Pablo Picasso

So now the fun really begins.

That is, if you consider fun the sort of thing that happens when Wall Street has way too much information to process in a very short period of time. Read more about ETF Periscope: Expect Stormy Q3 Earnings Season as Washington’s Maelstrom Proceeds

daniel / Tag: VIX, VXX, FDN, DJIA, SPX, COMP, GOOG, AMZN, EBAY, PCLN, YHOO, CRM, NFLX, AKAM, FB, LNKD / 0 Comments

You must live in the present, launch yourself on every wave, find your eternity in each moment. -- Henry David Thoreau

Well, that party didn’t last long, and the hangover was on the nasty side.

Wall Street had a few days to entertain a little early-week exuberance as a couple of Fed-centric news cycles spurred the equity market towards yet another round of record highs. That exuberance, however, was severely “tapered” when a conflicting message from another Fed officer sent the market reeling towards steep losses, cutting into its midweek gains. Read more about ETF Periscope: Reactive Market Responds to Fed’s Mixed Tapering Signal

“Success is not final, failure is not fatal: it is the courage to continue that counts.” -- Winston Churchill

For the moment, investors continue to see any signs of a sharp market drop as a clear buying opportunity, rather than as a time to panic and exit the market.

In other words, greed currently trumps fear on Wall Street.

Is this a perfect time for a contrarian play or what? Read more about ETF Periscope: Gold Gets Smacked Down as Wall Street Continues to Soar

We come into the week riding a new five-year high for the S&P 500 and eight consecutive positive trading sessions.  But a busy week lies ahead with a bevy of economic reports and a boatload of Q4 earnings.  So far we’ve only had a peek at the first couple economic reports, and they were mixed with Durable Goods riding transportation to beat an expected 1.7% increase (after last month’s 0.7% increase) with a solid 4.6% gain.  However Pending Home Sales Read more about What the Market Wants: How will more earnings affect the market?

david / Tag: LNDC, MPEL, CELG, LNN, STX, YHOO / 0 Comments

That’s been hard to figure lately.  Uncertainty has not eased.  Not in Europe.  Not in the Middle East. Not in China or Japan. Not in the U.S., with a dead-heat election battle and unknown future Congressional dynamics.  Companies overall continue to beat earnings, mostly, and miss on revenues.  Now there is a certainty: earnings cannot keep going up if revenues keep going down. Read more about What the Market Wants: Looking for Certainty Amidst Uncertainty

david / Tag: AFL, LCC, PG, DANA, YHOO, AAPL, GOOG, WDC, STX, CAT, MSFT, INTC, IBM / 0 Comments