Despite two down weeks in a row , the markets finished up for September and the third quarter. The S&P 500 was up nearly 2.42% in September and 5.8% for the quarter. The Dow was up nearly 3% and showed a 4.3% gain for the quarter. The bears started grumbling…
I sometimes go to Yahoo to find some ideas for topics to comment on at the beginnings of my blogs. Well, since the Packers-Seahawks game the other night, it seems like half the stories have been about the refs and the infamous last play call of the game. I think…
The past week was characterized by the markets hovering around multi-year highs while moving sideways. Market participants were confronted with a mixed bag of news. The Bank of Japan announced their version of quantitative easing, Japan and China are jousting in the China Sea over land claims, August housing starts…
I love this time of year. The heat and humidity of the summer is gone. The days are warm and dry and the nights are cool. Air is crisp and clean and even the sky looks a little bluer. The leaves have just barely started to turn and soon the…
The markets continued their surge to new highs last week. The FOMC announced an open ended plan to stimulate the economy and job growth by purchasing $40 billion a month of mortgage backed securities. The absence of a specific time period with undefined job growth goals has led some pundits…
I was going over some homework with my kids and saw some interesting facts about our planet Earth and thought I would pass a few along. Depending on where you are standing on the earth, you could be spinning at up to 1000 mph. The equator has the fastest rotation,…
The market mavens are in near unanimity in their market prognostications: “To infinity…..and beyond.” It is as if the financial media have joined Star Command and now sit at the feet of Buzz Lightyear. On Thursday , Mario Draghi joined the pantheon of financial superheroes. “Super Mario” and the European…
Don’t get stung by a scorpion. I used to live in the west and there was the occasional scorpion and black widow. I read the other day how a lady got stung by a scorpion and was taken to the emergency room. She was given two doses of anti-venom and…
The markets waffled around all week as traders waited for Ben Bernanke’s Friday speech from Jackson Hole. What he gave us was: “We should not rule out the further use of such policies if economic conditions warrant…[and] the Federal Reserve will provide additional policy accommodation as needed to promote a…
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