Stock Market, Economics, Equity Analysis
Feb21
For reasons that make little sense the market seems to really like/dislike round numbers. We just saw the DJIA tag 13,000…. 13000.84 to be exact. Along with the 2011 high of 1370ish very near let's see if this serves as any form of resistance how long it takes the market to chew right through this level. …
Feb21
Many have pointed to the generally fantastic performance of the German economy, relative to not only other European markets but certainly versus the United States over the past 3-4 years. Of course having a depressed currency helps; an independent mark would be far higher than the continental Euro – but Germany has practiced a far more balanced approached to 'capitalism' than is popular in the U.K. or U.S. Government, business, and labor generally have a much more equal stake at the table. The country also had a series of initiatives that were far more protective of labor during the downturn rather than 'slash and burn' which is popular in the U.S. That said, it's not all peaches and cream as this quite interesting Reuters article points out. Even in Germany we are seeing a lot of the trends that have evolved in both the U.S. and Japan – a stark gulf developing between the haves and have nots. …
Feb21
For the upteempth time in the past 2+ years we wake up to a Greek rescue. I'll spare you the details as you can find them on a myriad of websites, but let us be sure we'll be circling back to this topic for yet another spin in the not too distant future. But if you insist here is a Reuters story on the topic. …
Feb17
Range bound for seemingly years, it's been a heck of 2012 for no other than… Microsoft (MSFT). It seemed a lot of money that had been chasing Apple rotated into MSFT yesterday. …
Feb17
This article is getting some media attention in the financial arena this morning, however it doesn't seem to jive very well with data seen in weekly jobless claims (yesterday's 348k was the lowest since early 2008) or the ISM reports. Apparently due to a figure in the Philly Fed survey, some analysis says that the February employment report will show only 50K-ish type of job growth. That obviously would be a relatively dramatic downside surprise. Again, don't read too much into it but putting it out there as there is quite a bit of chatter about it. …