CVX profits fell and the stock just gave up all its gains from the Oil bounce for the week. Apparently its refining business saved the quarter for them from being a total disaster.
Fed rate hikes in September or not, business is booming
The market has been trading heavy all day and gained some downside momentum on the S&P downgrade of
I guess one could call his an orderly sell off, as its been straight down since the European close, and since bonds have been straight up all day, and it’s the first of the month, we’d bet its a very big pension doing an asset allocation out of stocks into bonds..
With crude getting pounded for the last few month
The Nasdaq is leading with a slight upward bias, but the S&P’s are flat as a pancake while the R2K and Dow are 1/5% lower.
YHOO has been a disappointing stock as of late but it could have a lot to do with BABA.
Good Morning Everyone.
I’ve been down so long it’s beginning to look up.
Make of it what you will, but it’s a blanket statement.
We make more, but we’re still taking more than we need.
That’s Hot FOMC (I get a well deserved bday present; right on rates) Iran (the next great economic savior…really) Tom Cruise (the little man always goes big) That’s Not China (kick ‘em when they’re up, kick ‘em when they’re down) Commodity trading (where have all the banks and funds gone?) Hulk Hogan (all the […]
Ignore the obvious and believe the ridiculous.
Every now and then I fall apart