Enjoying Melt-up Day … ?

There aint nothing as a good short covering/melt-up rally day. The market has been in a flux the past weeks, but yesterday’s move proves, I think, that the upside surprise is much stronger than the downside and that the equity still wants to grind higher unless the world really(!) falls apart. On the flip . . . → Read More: Enjoying Melt-up Day … ?

U.S. Recovery Now Firing on Multiple Cylinders

Many reports out on Wednesday point to a U.S. recovery that is exhibiting healthy signs on many different fronts.

Motor vehicle sales are now enjoying a strong run. U.S.-made vehicle sales held unchanged in November at a 9.1 million unit annual rate. The results surprised many recovery skeptics who were calling for a fizzle . . . → Read More: U.S. Recovery Now Firing on Multiple Cylinders

Economic Events on December 2, 2010

The monthly Chain Store Sales report will be released today.  This report on sales in chain stores gives a look at the health of stores that make up about 10% of all retail sales.

The Monster Employment Index for November was released today, and the index moved down 2 points to a value of . . . → Read More: Economic Events on December 2, 2010