This is a mid-morning comment as I don’t see the need for short-term trading comments at the moment. With the breaking of the 1050 support on gold and 1070 support in the S&P in the past week or so we appear…Continue Reading →
This week I made a couple of short-term comments on the market that could tend to muddy the waters. This is an important time in the market. Unless congress and the administration can really get a significant stimulus package going,…Continue Reading →
Today’s GDP number reinforces the fact that increasing deficits and strong GDP go together. Ronald Reagan learned this by accident in the great supply-side experiment that he unleashed in the 80’s. The people of this country probably need to look…Continue Reading →
In what may be best described as “President Lays Out Plan for the Nation and Old Angry White Men Slump in their Seats” the President outlined a plan that included targeted tax reductions and modest job creation measures under an…Continue Reading →
Same effect for either, reduce GNP and reduce Deficit. By the same token, Reduce Taxes or increase Stimulus, same effect for either, raise GNP and raise Deficit. A very simple relationship that is a choice for the people of the…Continue Reading →
Obama is being forced by political reality to bring Paul Volcker back into view. No doubt this is to keep the little bubble that has been created in the past year by Bernanke from bursting if he is not approved…Continue Reading →
As part of our Outlook for 2010 we will review the 18 month Projections that we presented last March 9th on this site and then show our projections for 2010. This is in the form of three tables. Table I is…Continue Reading →
On a relative basis to the S&P the China ETF FXI has dropped to the level of April 30 2009. This fact is hard to reconcile with the widely held belief that China is leading the way in the world…Continue Reading →
In our post of October 29th 2008, 14 months ago, we pointed to S&P 1132 as a potential macro objective. Today we reached that area. Our portfolios did not wait for this level as I let the disappointing Obama program turn…Continue Reading →