Insights
The Most Selfish Generation?
In the budget impass, Republicans blame the president or each other. Democrats blame Republicans. Talk show hosts inflame emotions. Angry voters flood DC switchboards. Conservative freshmen congressmen have become a popular target. Behind this is a warning that anyone...
July 28, 2011 4:18 PM – Told You So
I keep writing that each day without a budget compromise would be a down day in the market. The market teased us today, opening up stronger but after 11:00 slowly gave back all the gains and more. The S&P 500 finished the day down 0.3%, not too bad. Commodities were...
Gospel of John – Teaching Notes 7-28-2011
Here are my notes from teaching John's Gospel. You are free to use them, download, print or disseminate them through other means as long as they are not used in a way that might offend many Christians. Gospel of John _all notes_
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....
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