Skip navigation

Daily Archives: July 30th, 2009

Markets Test Milestones

It was a run n’ gun start for the markets today…something lacking all week long. We talked in the room yesterday about compression that was building and that energy released on today with a fury. SPX seems like a test of 1000 in days, while the Naz hit 2000 before the close. Given the lack [...]

GNK Earnings Tonight

All shippers are down today. Unfortunately we are in for a slide, it would appear. I keep a personal spread-sheet style shippers index which shows a decline today of 2.8%, which is a big decline for this normally placid group. I unloaded a lot of my shipper positions yesterday, to attempt better timing. With the [...]