Likely Greek Default Worries Market

By David Brown, Chief Market Strategist, Sabrient Systems

After last week’s stellar performance, the markets dropped into negative territory today, as investors realized that Greece might actually be allowed to default.

Investors dumped equities late last week ahead of the weekend – largely due to the tenuous situation with Greece’s debt and the associated fall in the euro (and a commensurate rise in the dollar). But I also think there was a flight-to-safety ahead of the 9/11 anniversary, especially among Wall Street traders given the terror threats and heavy security in NYC.

Same Old Story, Different Excuse

By David Brown, Chief Market Strategist, Sabrient Systems

Market, Market on the Wall, Who is the Fairest of the All?

By David Brown, Chief Market Strategist, Sabrient Systems

After the market gained in 7 of the 8 trading days following August 19, we have been met with 3 consecutive down days wiping out about half of our gain (about 5% at today’s close).

Flight to Where?

By David Brown, Chief Market Strategist, Sabrient Systems

Last week’s rally gave us the first positive week in a month, and it continued today, with the S&P 500 gaining a robust +3% in one day and barreling through the theoretical ceiling of 1200, to close at 1210.