Ranges

Hello everyone, I note with great interest the financial market gyrations that have been taking place recently. We are up 200 points and then down 200 points and we seem to be confined within a well-defined range: 7900 to 8300 on the Dow Jones Industrial Average....

Those funny media outlets are at it again

Happy Friday folks, Today was the release of January unemployment data. Not surprisingly the economy is estimated to have shed 598,000 jobs, bringing the unemployment rate up to 7.6%. This is the highest percentage unemployment rate since September of 1992. However,...

Not for the first time Buffett and I agree

Yes, I know…no blog postings for 5 days and then POW, 5 in a row. Sorry folks, but good stuff is afoot. Fortune is running a story that can be found at http://money.cnn.com/2009/02/04/magazines/fortune/buffett_metric.fortune/index.htm that is saying that a...

Executive compensation caps, echo

Just after I posted my opinion of Obama’s proposed executive pay caps, CNNMoney.com published a story that confirms the most important point of the earlier post: “Importantly, I hope that this action on the part of the Obama Administration eventually leads...

Update from the bottom, part II

OK, so now we are a month and a half past my December 16th posting “update from the bottom.” Recall that in that post I was updating you on the performance of the stock market subsequent to my having said a low was reached on November 20th. The closes of...