Category Archives: Uncategorized

Abysmal GDP report

This past week was a week of big numbers.  One of the big ones was the GDP report for Q1 2014.  The estimate was at 1.2% growth for the 1st quarter.  This estimate was downgraded due to all the inclement … Continue reading

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Fed keeping its foot to the floor

The Bernanke has spoken again.  And when the Bernanke speaks, all must pay heed to the words (with lack) of wisdom.  The Fed continues with its foot on the accelerator to keep pumping its $85Billion per month in treasury and … Continue reading

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It’s earnings season again

Earnings season has started with a bang.  Alcoa (AA) the first big company to announce earnings came out with earnings that beat estimates and forward looking statements that  are showing increasing demand for their products. Friday was a blowout day … Continue reading

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Has the market found reason to sell?

Are we finally seeing a chink in the armor of the markets?  Friday the 13th brought us some downward pressure in the markets.  It appears that the resurrected fears of Greece and the possibility of default or restructuring of its … Continue reading

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The “Teflon” market

The “teflon” market continues with its largest gain last week in eight months.  This is the new term for the markets.  Apparently there is no bad news that can stick to it.  No matter what is happening in the middle-east.  … Continue reading

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Libya is bombed.

There seems to be no shortage of news going around these times.  With last week’s devastating earthquake and ensuing tsunami that did so much damage to Japan and the horrible loss of life there.  Now we have the US involved … Continue reading

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This week’s economic news

Friday we finally had seen a bit of weakness in an otherwise very strong market.  It was as if the traders were looking for any reason to get a sell off.  The uprising in Egypt gave that reason. The Egyptian … Continue reading

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Merry Christmas!

Wishing everyone a Merry Christmas! The markets are still continuing the slow steady grind upward in spite of the EU economic problems. There has been some better economic news.  Consumer spending is up 0.4%.  The jobless claims dropped by 3000 … Continue reading

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Year end fast approaching

As the year end approaches we reflect on a year with many ups and downs. We see moves in the market that do not make any sense.  Especially during September and October.  Two months that are notoriously bad for the … Continue reading

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Negative Equity

An epidemic is here and growing in the area of negative equity for homeowners.  Currently the national average in the US for negative equity is 23.2% the highest it has ever been.  If you look at it another way, 1 … Continue reading

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