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Over the last few months here’s how the market would typically behave over the course of a day.
9:30 am: Market opens and sells off HARD because of poor economic news.
10:00 – 10:30 am: Market bottoms and goes nearly vertical to break even for the day.
10:30 am until 4 pm: Steady increase with maybe a dip [...]

I want you to read this article from Bloomberg. In particular, I want you to pay attention to the two paragraphs in bold.
———————————————————————————————–
U.S. May Consumer Spending Rises Less Than Forecast (Update3)
By Joe Richter
June 29 (Bloomberg) — Consumer spending in the U.S. rose less than forecast in May [...]

As you already know from reading my blog, I’ve made many bad calls and have recently tried not to say anything definitive. However, given that Apple’s iPhone will be released tomorrow at 6pm local time, I would like to take some time and comment about Apple’s stock.

A company’s stock usually appreciates quite dramatically prior [...]

DOW and Nasdaq are still above key levels of support. It’ll be interesting to see how this plays out. It may not stay below that level until the close, but if it does, the S&P 500 is in for a whole lot of pain. The S&P 500 is in severe need of a quick bounce [...]

Consumer confidence for June fell to 103.9.
Jan: 110.3
Feb: 111.2
Mar: 108.2
Apr: 106.3
May: 108.5
Jun: 103.9
Durable orders are falling
Jan: -6.1%
Feb: +0.5%
Mar: +5.1%
Apr: +0.8%
May: -2.8%
I have no idea how economists are predicting 2-3% GDP growth in Q2 when Q2 is shaping up to be worse than Q1 and Q1 GDP growth was only +0.6%.

Existing home sales in May fell to an annual rate of 5.99 million from 6.01 million in April; this number is down 10.3% from one year ago. The median home price is down 2.1% from one year ago. The number of homes up for sale is up 5% from the previous month and [...]

I meet with my advisor on Tuesdays and this time around I dug myself into a hole. I met with him last Tuesday and it was determined I had to do two things:
1. Prepare slides for Thursday’s group meeting and run some linearity simulations.
2. See what else I could do about a [...]

This week seems to be a pivotal point for stocks. Investors will be bombarded will all sorts of information:
Monday: Existing home sales for May. While the number of existing homes sold is important, I’m more interested in the median home price this time around. That number did not drop much in April [...]

A few weeks ago I ordered 16 pounds worth of dumbbells for $26.38 from Amazon. Since my order was over $25, I got FREE Super Saver Shipping. Now think about it, free shipping on 16 pounds of junk and the total order is $26.38. What percentage of the $26.38 I paid to [...]

I needed to buy some drapes because I kept waking up at 9am no matter how late I stayed up the night before because of the morning sun. I went to a Pottery Barn because it is close by.
Pottery Barn: Hi, how may I help you?
Me: I’m looking for some drapes, the thicker the [...]