The Closing Look
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The Closing Look

Stocks opened lower but closed higher on Wednesday after the latest round of lackluster earnings and economic data were released. Oil prices also positively reversed after the latest EIA report was released. Economic data was less than thrilling. First, February’s Flash PMI Services Index Fell to 49.8, miss estimates for 53. Then New Home sales plunged -9.2%…

Bear market rally works off time and price!
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Bear market rally works off time and price!

February 22,2016 By Gary Kaltbaum garyk.com @GaryKaltbaum Fox News Business Contributor The good news is that the bearish markets are doing their job of rinsing out some of the froth and speculation that occurs in the latter part of bull markets. Firstly, the IPO business as well as the secondary business has all but dried up. Towards the…