Bullish (but Overbought short term)
Last week, we described our bullish stance, and how we came to that posture over the past 6 months. We continue to see the market as...
Chart of the Week: NYSE Member Weekly Buy/Sell
In the week ending May 15, NYSE Member Net Buy/Sell numbers hit a new, all-time net buying high (+741,439,000) This number is greater...
Bush & the Reagan Legacy
With the passing of the President Reagan this weekend, expect to see a frenzy of politcal jockeying, with the White House hopes to catch...
Do Higher Oil Prices Lead to Recessions? (Yes)
Nothing to see here folks. No worries about oil prices at all. Move along . . . WSJ: “High oil prices have preceded or coincided...
Have Oil Jitters Gotten Overblown? (No)
Um, no. An Online WSJournal article asks that question. The writer dutifully reported what the people she interviewed said. That’s...
Global Real Estate Bust?
Interesting discussion at the Economist on which countries are particularly vulnerable to their residential-property boom turning to a...
You’re Hired! Economists Finally Get One Right
WSJ: U.S. employers added 248,000 jobs in May1, the third straight month of solid job growth. Economists, who have been off by a long...
Why Cutting CD Prices Went Off Track (HINT: blame it on the...
If a price cut falls in a forest, and nobody hears it, will it have any sort of economic consequences? Apparently, not: WSJ: “The...
Payrolls rise 248,000
Good payroll numbers — not too hot, not too cold. They beat the consensus (215k), but were below some of the more outlandish...
CD prices drop slightly
Here’s a nice little surprise: “The average retail price of full-length CDs fell to $13.29 in the first quarter of...