Yesterday President Obama officially announced that he would nominate Ben Bernanke for a second term as the Chairman of The Federal Reserve. “Ben Bernanke has led the Fed through the one of the worst financial crises that this nation and this world have ever faced,” Obama said from Martha’s Vineyard, Mass., as Bernanke stood by…
The market rally in July was stimulated by better-than-expected earnings reports. Now we are entering the quiet period when most companies have already reported, and we won’t get much company-specific news until October, when companies report their third quarter results. Now the market seems to be driven by what I would describe as a nervous…
We just completed one of the best Julys in history with the S&P 500 up 7.56%. The reason? Earnings. It’s all about earnings. By and large, companies have reported earnings that have been far better than expected. Many in the mass media have been fretting about the fact that while earnings are indeed better than…
