Monthly Archives: September 2012

Sep27

I mentioned Monday that the market was very tied to the Euro at this time, and this has held true – the currency continued to sell off through mid week and the market sold off even more sharply.  Today the…

Sep27

It has certainly been an interesting run since the early June low.  Whereas June and July were incredibly volatile periods with a lot of bipolar action from week to week (4-7 sessions up, immediately followed by 4-7 sessions down), August…

Sep26

Much like Toll Brothers (TOL) late last month [Aug 22, 2012: Toll Brothers with Solid Report; Says "Most Sustained Demand We've Seen in 5 Years"], Lennar (LEN) reported an outstanding report Monday as the homebuilders left standing (publicly owned, as…

Sep26

Other than yesterday it hasn't felt like much of a correction but since the Friday following QEInfinity Thursday the major markets have corrected by 3-4%.   I see the S&P 500 down around 2.8%, NASDAQ 3.1% and Russell 2000 3.7%….

Sep26

Yesterday's action in markets was the worst in three months as complacent investors were jolted out of their central bank induced slumber.  There were a few particularly nasty issues yesterday but first let's speak to the main catalyst – that…