What’s going on and where I feel we are headed

Hello everyone, Something has been on my mind since the beginning of the blog last October. I have shared many of the details that make up the bigger picture. But I’m not sure that I have related that bigger picture to everyone. What’s Going On In general,...

Alcoa reports

Alcoa (ticker:AA), the world’s largest aluminum company reported its results last night. The results were better than expected, however, it would be hard to say that they were “good.” Probably the most important piece of news from Alcoa was from its...

Various economic data mostly positive

Today quite a lot of economic data hit the news. Here is a summary of stuff… New claims for unemployment last week were at their lowest level of the year. The claims are measured using data from the states. Obviously this is a positive sign. On a 4-week basis...

Reining in the commodities speculators

Happy Wednesday! More of the regulatory changes are on the way. This time the push is coming from the Commodity Futures Trading Commission (CFTC) and the focus is on oil market trading. Thank God! Many of you know that I have decried the influence of speculators in...

Grab a parachute?

Investors sold off shares of American business like crazy on Thursday and Friday. The stock markets fell ~5% depending on which index is your favorite to look at. Should we be grabbing parachutes to brace for a bigger fall? I don’t think so and here’s...

Jumping June job losses

Grim economic news today folks. In June the estimated number of job losses was 467,000. This number compared to economists’ estimates of 350,000 to be lost. This increase in unemployment pushed the overall unemployment rate up to 9.5% – the highest level...