Stock Market Outlook: Holding pattern until the Fall!
Cash-strapped states start a new fiscal year
California leads a gaggle of states that entered a new fiscal year on Wednesday with no viable plan to fund their spending. The AP reports that Florida, Oregon, North Carolina and other states have similar problems, though none quite as severe as in the "Golden State".Several states are facing the... Continue Reading
Submitted ByGary Tanashian
...or have I mentioned that before. :-)
Of course, the multitudes are going by generic signposts erected by established and sanctioned experts. No wonder they were selling in March and agonizing whether to buy in June as hope drags its tired ass on and on, seemingly interminably.
Yes, this blog...
Submitted ByTim Iacono
To be honest, I didn't even read this story in the Wall Street Journal before deciding to make it the subject of a post. With glasses like the ones worn by Mr. Langerman and the well worn phrase "Easy Money" in the title, how could I go wrong?Managers Bemoan Loss of Easy MoneyMutual-fund managers,...
Submitted ByContrarianProfits
The base metals were mostly lower on Thursday. Copper sank from the pre-dawn hours to mid-morning, bottoming at $2.24, but rallied back from there to finish at $2.2754/lb., down more than 3½ cents.
Nickel had a pair of jagged ups and downs to mid-morning, but blazed higher from there, closing...
Submitted ByContrarianProfits
NEW Unemployment figures Show We’re Still Lingering in Depression.
This week began with shrieks of joy. First, a federal court came down on Bernie Madoff like a brick on a bald head. Madoff, convicted of lying to investors, drew a sentence that only a sea turtle or a swamp oak could complete...
Submitted ByContrarianProfits
In the currency market, the dollar climbed higher against the euro. Late Thursday, the euro was trading at $1.4027 vs. $1.4156 on Wednesday.
The day’s data was about as bad as it could be. Primary was the Labor Department’s report on nonfarm payrolls, which showed the loss of 467,000 jobs in...
Submitted ByContrarianProfits
“A review of travel and financial records showed that Gov. Mark Sanford did not spend public money improperly when he visited his mistress”, the chief of the South Carolina Law Enforcement Division, Reginald Lloyd, said this afternoon.
Thank goodness Governor Sanford’s fornicating was...
Submitted ByContrarianProfits
While politicians, talking heads, and bloggers blab about the causes of the mortgage crisis, Stan Liebowitz of the University of Texas lays out why they’re all dead wrong in today’s Wall Street Journal.
Rather than subprime or lair loans being the culprits, Mr. Liebowitz illustrates that zero...
Submitted ByTrader Mark
I did not bother with posting the normal analysis of the monthly (un)employment report yesterday; it's really the same old story - some months it will be a bit better, some months a bit worse - the market will overreact either way as if one data point is changing the course in this economy. I...
Submitted ByContrarianProfits
Gold was flat until just before the London open on Thursday, then commenced a long, slow slide that continued until the noon hour in New York, with a bottom at $926 before some uninspired late day buying pushed it to a finish at $928.80/oz., down $11.50. For the week, gold lost 1%.
Platinum...
Submitted ByContrarianProfits
World stocks fell today, Friday, after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow.
U.S. employers cut far more jobs than expected last month and the unemployment...
California leads a gaggle of states that entered a new fiscal year on Wednesday with no viable plan to fund their spending. The AP reports that Florida, Oregon, North Carolina and other states have similar problems, though none quite as severe as in the "Golden State".Several states are facing the... 
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