Wednesday, if you watched the market closely, you probably went to bed with a stiff neck. The Dow Jones Industrial Average was all over the place: +101, -193, +195
The market took it on the chin on Tuesday, in part to resume the breakdown in the price of crude and all the economic implications.
If the first trading session of the month is an indicator, then it looks like the market will show a lot more spunk than it did in January.
The market climbs higher for the second consecutive week; January was one for the record books.
Janet Yellen went Old Gangster (OG) on the markets Wednesday when she and her posse hit the Street with your typical Fed-speak ramblings and enough clarity to say we are out of our minds.
Its been tough sledding for the market but then again even the casual observer probably already knew that. Still if you back out Apple and Boeing the Dow would be close to positive for the session.
A little more than ten years ago, there was talk of the Baltic Dry Bulk Index (BDI) becoming the de facto measuring rod for the global economy.
The heat is on and Saudi Arabia must be re-thinking its bet; it could crash the global oil market and end up as the last man standing.
On Tuesday, the International Monetary Fund (IMF) lowered its global Gross Domestic Product (GDP) estimates again; although at 3.4%, the world would see greater growth than the 3.1% achieved in 2015.
Brent crude is holding on to gains, but West Texas is lower and pressuring the more widely used global proxy. Psychological support is $30.00. Meanwhile, there is the scuttlebutt of a price war between Saudi Arabia and Iran.
The bull market that began in March 2009 never had the kind of enthusiasm of prior bull markets, even as it peaked last year.
A big reversal after giving up solid gains is worth siting up and taking notice.
Stop me if youve heard this before- crude oil is crashing and taking stocks along for the ride.
Dreams of making millions in the stock market can come true but becomes more and more improbable because of investor psyche.
North Korea detonates an atomic bomb and our stock market blows up.
Many historians say its inevitable that great empires fade into the sunset of history.
Perhaps Santa is stuck in the chimney in Whoville, and Grinch snatched the Santa Claus rally (the last five trading day of 2015 and the first two in 2016).
The global manufacturing slump has not escaped America where PMI was down for a second consecutive quarter.
Yesterday, the flagship Toys R Us store in Time Square closed its doors for good ending a run that began in 2001. The timing of that opening was therapeutic as it came a month after the attacks on World Trade Center towers.
Technically, the bull market is alive and well; in reality, its old and dragging into the end of the year, hoping to finish in the black.