1) There are an usual number of anomalies in the market piling up right now. Tax free municipal bonds are now yielding more than taxable treasury bonds. This is happening because there are fears about the muni bond insurers going under, which is pointless since muni bonds rarely default. In normal times muni bonds yield
1) There are an usual number of anomalies in the market piling up right now. Tax free municipal bonds are now yielding more than taxable treasury bonds. This is happening because there are fears about the muni bond insurers going under, which is pointless since muni bonds rarely default. In normal times muni bonds yield
1) Rumors are rampant that Delta is going to merge with Northwest. What would the new combination be called? Southeast? This is leading to speculation of a United-Continental merger.2) Technology has now taken up the downside charge in the market, leaving the banks behind. Apple has dropped from $202 to $122 in three months and
1) Rumors are rampant that Delta is going to merge with Northwest. What would the new combination be called? Southeast? This is leading to speculation of a United-Continental merger.2) Technology has now taken up the downside charge in the market, leaving the banks behind. Apple has dropped from $202 to $122 in three months and
1) Hillary won California, leaving her with 830 delegates vs. 740 for Obama. 2025 are needed to win, and 750 will go into the August convention uncommitted. Hilly could lock this up with the Texas and Ohio primaries on March 4.2) Candidate Economic policies:Hillary: more spending, universal health care, freeze interest rates on sub prime
1) Hillary won California, leaving her with 830 delegates vs. 740 for Obama. 2025 are needed to win, and 750 will go into the August convention uncommitted. Hilly could lock this up with the Texas and Ohio primaries on March 4.2) Candidate Economic policies:Hillary: more spending, universal health care, freeze interest rates on sub prime
1) The January ISM non-manufacturers index, which accounts for 80% of the economy, dropped from 54.4 to 41.9, the lowest level since the terrorist attacks of 9-11. It's as if someone turned the lights off on the economy. The Dow dropped 560 points from yesterday's highs on the news. The market has given up nearly
1) The January ISM non-manufacturers index, which accounts for 80% of the economy, dropped from 54.4 to 41.9, the lowest level since the terrorist attacks of 9-11. It's as if someone turned the lights off on the economy. The Dow dropped 560 points from yesterday's highs on the news. The market has given up nearly
1) China had its largest up day in history yesterday at +9%. It is up 20% from the recent low 9 trading days ago.2) Exxon reported profits of $11.7 billion on the quarter and $45 billion on the year, the largest annual profit in US history. Amazing. The broader energy industry accounted for 40% of
1) China had its largest up day in history yesterday at +9%. It is up 20% from the recent low 9 trading days ago.2) Exxon reported profits of $11.7 billion on the quarter and $45 billion on the year, the largest annual profit in US history. Amazing. The broader energy industry accounted for 40% of