In a possible very untimely announcement, the NABE proclaimed the recession is over yesterday. See chart of 44 economists surveyed: “The NABE forecast panel declares the Great Recession of 2008-09 to be over. More than 80 percent of respondents believe that…
Columbus Day is observed today, leaving the Fixed Income and banks closed, but tomorrow brings a full slate of earnings. Today, Fixed Income Markets (Bonds and Banks too) are closed in observance of Columbus Day. A quick review of earnings…
Enclosed you will find your Third Quarter 2009 Quarterly Performance Report. Not to sound repetitive from last quarter, but again our patience is being rewarded terrifically along with the rebalancing and adjustments we have made along the way. For the…
This morning, Australia raised their benchmark interest rate from 3% to 3.25%. Glenn Stevens, Australia’s Ben Bernanke, stated that it was time to raise rates as the worst is over for the country. In our August 17, 2009 post An…
Dow component Alcoa, ticker AA has the honor of the official start of earnings season. On Wednesday, Oct 7th, 2009 the official start of the 90 day treadmill, called earnings season begins. We are not sure why Alcoa has been…
As a special thanks for following along daily we wanted to give you our new Newsletter web page which has not been officially released as of this time. Click or cut and copy into your browser for our latest newsletter…
Yom Kippur today marks a non-market-honored Holiday today. Expect light trading volume and possible large market movements. Tomorrow brings us closer to end of the month, and quarter end. Buckle Up! JK
As I read today’s headlines, our Merger Monday theme seems to be in the sweet spot. (Links are hot for your viewing.) From the NY Times “Xerox Buys Affiliated Computer for $6.4 Billion” From the Financial Times “Abbott in €4.5bn…
It looks like to us mark ups are being trumped by a much needed market rest. Yom Kippur a Jewish Holiday on Monday along with a much needed rest may lead to a squishy market for the next few days.…
Today at 1:15 PM Central time the Fed will release it’s statement concerning interest rates. Several years ago I had the opportunity to hear a former Greenspan era Fed Governor discuss what actually happens during a normal fed meeting. I…
