Why did the panic ensue?

In the last post I hinted that I would be talking about this week’s collapse in the stock markets around the world. So what the heck happened? The short and simple answer is a raft of bad news that apparently most people were not expecting. It is my opinion that...

My mistake in calling the bottom

Hello everyone! Wow, is there a lot of stuff to talk about. It is hard to think of where to begin to start, but I will start by admitting my mistake in having called the bottom of the Dow Jones Industrial Average back in November. As you may know the DJIA has fallen...

Obama’s press conference

OK, so I usually don’t like to talk politics on here, but in this instance I have to point out a subtlety that, to me, seems very important. Did any of you watch President Obama’s talk with the American people on Monday night? My wife Dawn and I watched it...

From raw to thaw

Believe it or not, the economic downturn is starting to show signs of abating. Amen! Specifically I am referring to the following encouraging signs: The London Inter Bank Offering Rate (alias LIBOR) has fallen to 1.2% from an October high of 4.8%. This is the rate...

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,...