Insights
Thursday, July 28, 2011 12:25 PM – Rebound in Markets Today
Markets are 1/2% - 1% higher today in the US after a hard selloff yesterday. The first hour selling that we have since last Friday was offset by buyers. That is especially so since its a down day in Europe. Traders may be positioning themselves for an agreement over...
Wednesday, July 27 2011 4:20 PM – Ugly Day on Wall St.
Stocks finished right near the day's lows after a big drop first thing from European sellers (4th day in a row), the routine recovery and then another sharp leg down. Scorecard: S&P 500 -2%, DJIA -1.5%, Nasdaq -2.7%, Small stocks -2.9%. Bonds were lower, rates higher....
Wednesday, July 27 2011 1:35 PM – Very Good High-Level Analysis
Mohammed El Arian may not be a household name but he is very highly thought of on Wall St. as an allocator of capital. He is pretty even-handed, neither a perma-bear nor perma-bull. This week's Barron's magazine has an excellent birds-eye view of world markets with...
Wednesday, July 27, 2011 11:56 AM – Durable Goods Orders & GDP
Orders for durable goods, a leading indicator for manufacturing came in a little light due to a dip in aircraft orders and slowing transportation activity. The former will be up this month but the latter is disappointing. The bigger economic news comes Friday when GDP...
July 27, 2011 10:55 AM – Most Markets Down
It's not a pretty sight out there today. Stocks are down 1.2% today but off their lows somewhat. Europe is down as well, though not at as much. Asian markets are up, and are just about the only major class up today. Bonds, oil, precious metals and other commodities...
Tuesday, July 26 3:40 PM – Mixed Markets, Stalemate in DC, US Credit Rating
Not much to report in market action today. US and European markets are mixed, Asia had a good day. Oil, food and gold are up; the US dollar is down. All eyes are on Washington and presently there is a stare-down between the president and John Boehner. Speaker Boehner...
Monday, July 25, 2011 11:50 AM – Market Update
Stocks are lower today, but not nearly as much as one might think, only 0.3% even though debt ceiling talks seem to be making little progress. Europe is also down. Investors apparently don't believe a US default will actually happen. I don't think it will, either....
What Does the Lord Require of You?
Some people want to know, "What's the least I an get away with in terms of my obligations to God?" Two verses come to mind. The mildest is this: Micah 6:8 "He has told you, O man, what is good; And what does the LORD require of you but to do justice, to love kindness...
Thursday, July 21 4:03 – Weekly Highlights
It looks like the U.S. stock market will finish the week flat. It is about where the last three peaks in the market this year have topped out - about 0% - 2% below the year's high of 12,807. The ceiling is more noticeable on the S&P 500 which is a much broader and...
Friday, July 21, 2011 2:10 – Today’s Markets, Greek Bailout, Budget Ceiling
Stock and bond markets are mixed today in the U.S. but higher in Europe and Asia. Gold is higher by 1% after 3 days of decline. Treasury yields are back down today but not as much as they were up yesterday. The new Greek bailout version whatever is a partial default...
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