U.S. Economy: As I watched the coverage from Jackson Hole, WY this week, I couldn’t help but notice how beautiful it is there. It’s no wonder policy makers and economists gather there while brain storming on how to save the world… I mean economy. I don’t envy them handling the daunting nature of this assignment. Consider the weight Mr. Bernanke bore upon his […]
U.S. Economy: We started the week on good news, but could not finish strong. Monday was a non-event with the market direction choppy. Tuesday’s lift stemmed from Housing Starts (even though less than expected), PPI and Industrial Production numbers, but was not good enough to keep the bears from regaining the upper hand later in the week. Thursday’s jobless […]
U.S. Economy: I think Alan Abelson hit the nail right on the head this week when discussing the “reality” of the market. His quip suggesting that “reality” is about as popular on Wall Street as ants at a picnic had me laughing out loud. Seriously, I think the market’s “reality check” has bounced. Last week I penned, “The prospects of slow growth are a double […]
U.S. Economy: This past Friday’s Employment numbers threw another disappointing blow that the market just absorbed right up. My interpretation of the market’s blasé attitude towards bad news is that it has accepted slow growth as just that, growth. Once upon a time, no news was good news. Now, not so bad news is good news. It seems that for bad news to warra […]
U.S. Economy: The first month of the third quarter has now officially closed. Looking back at the month, it gave us the better part of a 7% rally. That is a nice start to the quarter, especially when benchmarking it against Q2 performance. Corporate earnings gave the bulls enough optimism to ignore the past 4 months of blatantly weak economic data. In the Ju […]
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