Good Evening: Without much more to go on than just the afterglow surrounding yesterday’s stock market rally, our capital markets struggled during most of Wednesday’s session. Stocks did manage to hold on to yesterday’s gains, but it seemed as if investors were waiting for more info...

Good Evening: Today turned out to be another brutal day in our capital markets. Investors ignored the usual advice of not getting too involved in the markets on the day prior to unemployment figures are due to be released, and stocks finished the day at their lowest levels since a year or two before...

Good Evening: A raft of economic news and hints about next week’s financial rescue plan prevented our capital markets from taking a well-deserved rest prior to tomorrow’s unemployment data. Analysts’ forecast for tomorrow’s numbers are all over the map, but investors seemed t...

Good Evening: The U.S. capital markets continued to grapple with poor news flow today. Negative news out of the U.K. set up what could have been a decent down day in Wall Street, but, despite some weak economic news on this side of the Atlantic, U.S. stocks managed to close mixed. It was hardly a bu...

Good Evening: A day of mixed news led to a day of mixed results in Wall Street. Stocks initially rose on word of a large pharma deal and better than expected economic data, but large layoff announcements during the trading session took the starch out of the equity rally. Given the large competing fo...

Good Evening: As 2009 dawned, most investors held out the hope that our capital markets could hold together or even rally into today’s inauguration of President Obama. Conventional wisdom being what it is (i.e. too conventional), it should come as no huge surprise that, a mere three weeks into...

Good Evening: As the U.S. stock market heads into earnings season, one immediate question on the collective minds of investors is whether the correction in equity prices since the January 6 highs has run its course. The Dow, S&P, and NASDAQ have all corrected 8% or so (from high print on 1/6/09 ...

Good Evening: Today’s action in the capital markets did not appear very remarkable on the surface, but it did reveal once again that investors are (for now) willing to be patient with worsening economic fundamentals. The minutes of the last FOMC meeting seemed to reassure the markets that the ...

Good Evening: Now that the Fed has morphed into the world’s largest hedge fund, all eyes are turning to the capital markets to see how they will respond to the Fed’s promise to buy whatever needs buying in order to forestall the Great Depression II. Ebbs and flows in stock prices aside, ...

Good Evening: The recovery seen in U.S. stock prices yesterday from the absolute drubbing they suffered on Monday looked to be at risk during today’s session. The corporate news flow was poor, another large hedge fund pulled up the drawbridge on redemptions in its largest fund, investor sentim...