Insights
Wednesday, Sept. 7, 2011 11:23 AM – Stocks Up 2%
In Europe, stocks were higher today. The German Supreme Court rejected appeals to overturn the 2009 Greek bailout package and restrictions for the future were less onerous than anticipated. There was news that Italy and Greece were working to implement austerity...
Tuesday, Sept. 6, 2011 4:40 PM – Stocks Close Off Lows
US stocks, which opened 2.5% lower, finished the day down less than 1%. Gold was down slightly, bonds up.
Tuesday, Sept. 6, 2011 11:03 AM Europe, US Stocks, Newsletter
Yesterday, Europe lost -4% and headed lower this morning but then turned around and finished mixed. That helped US stocks to open higher than they might have. They opened down -2.5% and have wobbled around since. Tomorrow is the big day this week because the German...
Labor Day – Monday Sept. 5, 2011 5:35 PM – US Markets Closed, Europe Down Sharply
Stock and bond markets as well as banks are closed today. Europe might have wished it was as European stocks fell -4% on the day; Germany -5%. European banks lost 6%. Germany's Supreme Court rules Wednesday on the constitutionality of European bailout provisions and...
Thursday, September 1, 2011 5:48 PM – Waiting For Employment Data, Europe Solutions
Sorry, I haven't posted as much lately. I have been busy fixing computer problems which I think are solved now. US stocks had trouble today getting the 1220 level on the S&P 500 stock index and ended down 1.1% - 2.5% today. European stock markets were mixed today as...
Wednesday, August 31, 2011 4:38 PM – Waiting for Employment Report – Stocks are Overbought
Stocks were up, gold was down, bonds were flat. Stocks are really overbought here and have reached a resitance level. Stocks probably need a breather or they will head down. That's not in stone - markets can stay overbought but odds are against significant further...
Tuesday, August 30, 2011 11:51 AM – Slight Profit-Taking, European Problems, Mixed Economic News
Bonds are up, gold is up 2%, stocks are down -0.3% Asia was higher and Europe was mixed. Speaking of Europe, take a look at the highest rates I know of right now:...
Monday, August 29, 2011 4:48 PM – Strong Day for Stocks – Why You Should Consider Buying Certain Banks
Stocks were up anywhere from 2.2% - 4.75% today, depending on the index. Banks were on fire again today. There is serious value-bin buying going on in Bank of America and some other large banks and insurance companies. I recently ran a search to see if any stocks were...
Friday, August 26, 2011 4:37 PM – Bipolar Stock Market Sticks Around
Someone I love is bi-polar. It serves as a real challenge for them, even on medication. The stock market has been strongly bi-polar but its cycles are extremely short, lasting only hours. That makes life very interesting for those of us who manage people's retirement...
Friday, August 26, 2011 12:30 PM – Welcome to Japan, Boys!
The revised GDP # for 2Q/2011 was released today as 1.0% growth. That was lower than expectations of 1.4%. That follows 1Q GDP of 0.4%. Welcome to Japan, boys - 1% or less interest rates, a large and rapidly growing national debt, a poor stock market and awfully slow...
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