Bloggers have a short life. Not in terms of years on Earth, but how long they continue to blog. The novice gets pretty excited to communicate her/his thoughts, knowledge and nonsense. Initially the blogger leaves the computer on all night, just in case there is …
The Markets How does one describe a 3.5% daily decline as a relief. ‘Cause they were headed lower. And the market finished off it’s lows. At 3pm the DOW was ninety points lower. So, someone was buying in the last hour. That is a relief. …
The Markets Yeah, someone is buying at these levels. But a whole lot of money must be thrown at the market at these levels for the bulls to win the round. Why the banks were profitable in January/February. And why we were sucked in. What …
The Markets Optimism is being smashed this morning as futures portray a 2% decline. Early morning futures were much worse than currently. The rally has given us a 21% gain and that is being be tested. Banks and autos being crushed as Geithner and Obama …
The Markets The bulls didn’t have the muscle as traders took profits. And, well they should. Markets closed down about 2%, oil off 4%, bonds up. Now we hope for no follow-through day on Monday. But profit taking never made a man poor and as …
Dow off 110, about 1 12%. But there is some green here and there and some are still banking on window dressing this afternoon. Financial stocks are the greenies and that is viewed positively. Them that got us here mentality. Speaking of banks, gosh, this …
The Market Everything is down hard; oil, gold, equities and even bonds are off a bit. It seems the correction I had forecast five days ago, and about 647 Dow points, may be at hand. But portfolio managers may also use the next three trading …
The Markets Markets responded to better than expected earnings from Best Buy, a blow-out Treasury auction and Geithner’s Congressional testimony. The Best Buy news evidenced consumers still thirsty for electronic gadgets and entertainment. I was in our local store yesterday and didn’t notice huge crowds, …
President Months in Office Monthly Job Growth Jobs Created Truman 93 93.6 8702 Eisenhower 96 36.9 3538 Kennedy 35 102.1 3572 Johnson 63 193.4 12183 Nixon 68 135.0 9181 Ford 30 69.1 2073 Carter 48 215.4 10339 Reagan 96 167.7 16102 HW Bush 48 54.0 …
The Markets An amazing rally. From here I have no idea. Advising caution last night was so clearly wrong I hesitate to venture a guess. Over bought is an oft-used phrase but that is what we have. Nevertheless, I added a lot of money to …