Markets at mid-day seem to be ignoring the price action of GE. GE reports on Friday and there is the spectre of lower earnings, a dividend cut and ratings downgrades. Evidently, the current price of $12.50, discounts these potential events. The other two market leading …
All posts in Observations
Quick, name the Senators from South Carolina Ok, you got Lindsay Graham. But the state has two senators, who is the other? Answer: Jim DeMint. To paraphrase the WSJ: He is described as the kind of uncompromising conservative who can make the senate leaders’ life …
Guess Who’s Coming to Dinner?
Last week I was concerned that the Obama (why do I always want spell it O’Bama?) glow was peaking. And I worried that this may have an impact on markets. There was some evidence for my concern: Majority Leader Reid’s comment , “I don’t work …
Cutting back
Last night I played cards at my Wednesday night poker match. There are seven of us and we always seem to have a good time. Sadly, I am usually a modest looser and last night was no different. Lost $8. A couple of my friends …
Oh,woe
Well, the Dow was green for about fifteen seconds this morning. But not all of the thirty stocks had opened. Nevertheless I guess that was our bounce. I read that yesterday’s action violated all sorts of technical levels; I don’t pretend to understand all of …
America Downhill
An op-ed piece in the WSJ by Paul Kennedy must be read. Try to get it. Here are some of his points: America will lose more ground in the years to come than other nations due to exceptional budgetary and trade deficits. No one seems …
Our son the analyst
In today’s Trader section of Barron’s Sandra Ward discusses FTI Consulting (FCN) and makes a case for the company. Quoted is our son:”Tobey Sommer, an analyst at SunTrust Robinson Humphrey, also sees opportunities for FTI’s recently acquired real-estate practice “to assist builders in deciding whether …
Spyders and Slap Chop
SPY is the symbol of the largest ETF with assets over $93 billion. It is referred to as Spydee. This is the easiest way to capture the move of the S&P 500. SPY trades in massive volume, almost always the highest of the day. This …
Radio Daze
My love for radio began when I was a child. We had a floor model combination radio/record player. After school I would sit on the floor in front of that huge contraption and listen to the fifteen minute shows. These transported me from rural Ohio …
Our President? This is almost too painful to watch. The President seems to so unsure of himself. Its like he has never thought of some of these things before. His sighs after each question smacks of depression; his own. http://www.breitbart.tv/?p=242763 Now watch this: George Bush: …