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, …
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Job Growth by Presidents
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 The 2:30 market tell won again. From that time to the close the S&P lost 15 points, to 806. The DOW lost 100 points. That is decidedly not a good showing. When traders try to flatten positions in the last ninety minutes it …
Asia
As you might expect, Asia is up uniformly. Not quite the exhuberance of US markets, but up nevertheless. As noted earlier, emerging markets are trouncing US markets over the last week. To participate I initiated a position in EEM, the emerging markets ETF. But with …
Geithner’s Revenge
The Markets The last time Geithner spoke the Dow went down 380 points. Today’s 448 497 (!) point explosion more than made up for any past errors. Markets responded to both the explicit Treasury plan for toxic bank assets as well as better housing numbers. …
Noon Swoon
The Markets Lunch time lives up to it’s billing as traders take morning profits. Markets off their best levels as the S&P slips under 800. For certainty to prevail we should finish above that level and stay there for a while……two days? Watch for the …
A multi-colored Asia
The Markets Asia up pretty big. Tokyo flirting with 2% gains as it anticipates US Treasury toxic position purchases. Lets see if it lasts. Would love, love for a follow through day. Here is the ultimate multi-colored rocker. Greg Allman’s slurred, sexy words are punctuated …
Weekend Notes
In the late ’60’s the subways of London became the target of Eric Clapton fans. As Clapton emerged as one of the great blues guitarists his fans would spray paint “Clapton is God” all over. This embarrassed Clapton and motivated him to begin recording incognito. …
Weekend Notes
Markets Natural gas prices have declined 70% since last summer. Low prices have curtailed new production. Any uptick, at all, in usage could boost nat gas prices. Last week nat gas prices were up 1.3%. I have owned Chesapeake for a while and added to …
The Market On quadruple witching Fridays I like to watch the Spyders (SPY) trade ( I really do not have a life). This the most active index fund and at 3:55 the volume indicator spins like a slot machine. In the last five minutes it …