In the Stock Market the overbought indicators are set to roll down, yesterday was a full moon, the end of the quarter is tomorrow, the mutual fund guys are on hold, the knee jerk commodity/gold rally has occurred, the stage…Continue Reading →
On March 18 we listed three characteristics of the current stock market. The overriding term that could be applied to this situation is momentum players. Everyone in this market at this point is in it because the momentum points higher. …Continue Reading →
Yesterdays column by Thomas L. Friedman bears reading. http://www.nytimes.com/2010/03/24/opinion/24friedman.html
At the beginning of the year we saw the high for the year on the S&P 500 to be 1150. To date the high, made yesterday, was 1175. The big question for me, what does one do with this information? …Continue Reading →
This passing of the first step in Health Care Reform has this crowd in shock. They have been in financial control of this country since the early 80’s when the Reagan Supply Side tax cuts set the stage for deficits…Continue Reading →
A little good news as Washington Healthcare battle continues. Here is today’s NYT article on deficit reduction. http://www.nytimes.com/2010/03/18/us/politics/18simpson.html Todays market and the market over the past six months is one marked with lackluster volume. Three reasons seem obvious to me:…Continue Reading →
With the consumer and bank balance sheets in dire straits, Ben being a student of depressions has no choice but to buy time and hope for a miracle. Low interest rates help two groups, 1) the banks as they can…Continue Reading →
Why does the stock market rally when it thinks reforms of Health Care and Financial Markets are dead? From my perspective it may help to look at what I believe the goals are: 1) We need to reform health care so our…Continue Reading →
when only 10 percent of the country is crying out for help. The majority don’t want to fix anything and the lobbyists want to protect the fat cats. It would appear the easiest solution is, lets let thing run wild. The…Continue Reading →
As Washington grapples with Financial Regulation and the Volcker Rule gets closer to passing it may be time to revisit why the financial markets need tightening up. So, why not revisit Hank Paulson, our local boy who made it big, going…Continue Reading →