Diamonds and Dogs
March Madness
The Dow is looking to be positive for the ninth day in a row, a record not seen since 1997. This stealth bull market run has not been accompanied by any volume to speak of, which has caused some concern amongst market players. Some are blaming the low volume on March Madness, the yearly feast of basketball and chicken wings that dominates trading desks around the country. You could also probably blame the low volume on the pending passage of "historic" health care reform (maybe another form of March Madness). I think the main reason the volume is off, is that it is the Ides of March, and there won't be much news coming out until earnings season begins again in earnest during the 2nd and 3rd weeks of April. Good volume or not, the trend is higher.Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.