by Jason Apollo Voss | 09 08 2011 | Blog
Today saw the Dow Jones Industrial Average close up 429.92 points, or up 3.98%. Meanwhile the broader stock index, the S&P 500, closed up 53.07 points, or 4.74%. Given this surge, let me provide a brief update about the “mood of the market.”...
by Jason Apollo Voss | 09 08 2011 | Blog
Yesterday I discussed the absurdity of the stock market sell off in response to the credit downgrade of the United States by Standard & Poor’s. This prompted an interesting comment from the What My Intuition Tells Me Now blog’s most loyal...
by Jason Apollo Voss | 08 08 2011 | Blog
By now you have heard that ratings agency Standard & Poor’s downgraded the credit rating of the United States to AA+ from its vaunted AAA. Investors around the world seemed to take this opportunity and this moment to sell, sell, sell their equities. ...
by Jason Apollo Voss | 06 08 2011 | Blog
Late Thursday night there was a potentially important development in terms of righting the U.S. economic ship. Bank of New York Mellon (BNY Mellon) moved to charge extra fees on its clients that hold more than $50 million in cash deposits with the bank. Why is...
by Jason Apollo Voss | 05 08 2011 | Blog
I promised yesterday that I would continue to monitor the “mood of the market” until there was some sort of cohesion. Friday’s close on the Dow Jones was up 60.93 points. However, the index shot up as many as 170 points, only to then see a...
