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112 Albany Street, Cazenovia, NY 13035 (315) 655-2964 Toll Free: 1-800-659-8044
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December 26, 2008 U.S. stocks opened higher on Friday even though the statistics say it was the worst holiday season in decades. The Dow Jones Industrial Average rose 46 points to 8,469. General Motors is performing well, rising 11% after the Federal Reserve cleared the way for GMAC... Read More
December 19, 2008 The major averages received a jolt before the open after the White House agreed to loan the ailing auto industry $17.4 billion in loans to get them into the new year and to the next administration. The Dow Jones Industrial Average rose 106 points to 8,711.... Read More
December 12, 2008 The bad news keeps flooding in. Today’s weakness is due in part to the Senate voting down the auto bailout last night. The Dow Jones Industrial Average fell 189 points to 8,375. The S&P 500 declined 19 points to 853, while the Nasdaq Composite dropped 19... Read More
December 5, 2008 The bad news keeps coming. The November unemployment number jumps to 533,000, a 34 year low. This is only the fourth time in 58 years that the U.S. lost half a million jobs in one month. Unemployment jumped to 6.7%. No more sugar-coating the economic data.... Read More
November 28, 2008 After a four day, 20% rally in the broader averages, the markets are set to open lower this morning. After resting up yesterday, shoppers are hitting the malls looking for bargains. Today is officially Black Friday when many retailers move into the black for the... Read More
October 21, 2008 U.S. stocks bounce on the open after a sharp sell-off that had equities sinking to a 11-year low yesterday. All eyes remained on Citigroup as that stock sinks lower. Management is considering all their options to get the stock higher. The Dow Jones Industrial Average rose... Read More
November 14, 2008 U.S. stocks set to give back some of the 550 points rally from yesterday. Unfortunately, the economic data continues to move from bad to worse. The European Euro Zone is officially in a recession. U.S. retail sales dropped a record 2.8% in October. JC Penney lowered... Read More
November 14, 2008 U.S. stocks set to give back some of the 550 points rally from yesterday. Unfortunately, the economic data continues to move from bad to worse. The European Euro Zone is officially in a recession. U.S. retail sales dropped a record 2.8% in October. JC Penney lowered... Read More
October 7, 2008 U.S. stocks opened higher on Friday after two days of steep losses. We knew the economic news would get worse and now we’re finding out some of the numbers. The October unemployment rate jumped to a 14-year high of 6.5% with nearly a quarter million jobs... Read More
October 31, 2008 It’s trick or treat day and October has been no treat as more than half the year’s losses have come from this month. The Dow Jones Industrial Average fell 35 points to 9,144. This has been the worst October for the Dow since 1987 crash. We... Read More
October 24, 2008 The overseas markets are crashing, sending the futures in the U.S. markets down limit. The Dow Jones Industrial Average fell 408 points to 8,282. The S&P 500 dropped 48 points to 859, while the Nasdaq Composite declined 89 points to 1,514. The analyst community is quiet... Read More
October 17, 2008 The roller-coaster ride in equity markets continues on Wall Street with stocks on Friday falling at the start thanks to weak economic data, but there is good news. Warren Buffett, the Oracle of Omaha, wrote an op-ed piece in the New York Times said... Read More