Consumer Spending Slows
Is the consumer getting tired, or is it it merely a matter of zero % financing going away from autos? I assume durable goods will suffer...
media whore
Okay, I admit it: I’ve become a total media whore. “Market watchers said the late-session bounce could signal a turning point...
Bush: Modern Day Carter, or Nixon?
Yet another intriguing article from the WSJ’s John Harwood, asking the question: Is Bush a Latter-Day Carter or Nixon? Each of...
Wyckoff Spring!
For you students of technical analysis arcana: Today’s action is what could be described as a Wyckoff Spring. Richard Wyckoff was a...
Stocks Complete Bullish Intraday Reversal
I saw some surprisingly negative commentary today, and told Dow Jones why the Bears — who were right up until today — are now...
WHAT ARE THEY SMOKING AT THE LABOR DEPT.?
The NY Post’s John Crudele takes the BLS to task for the “Business Life/Death” Hedonic adjustments. Glad someone in the...
Apple Wants to Open Song Vaults
I had a nice chat last week with someone from Wired who is totally in sync with Apple’s idea of digitizing all music. She found me...
More on Fed Comes Under Fire Again
I wrote earlier that the sooner the Fed hikes, the better. Here’s the opposing view from an anonymous colleague: The FED is between...
More on Incumbent Presidential Vulnerability
As per our previous discussion regarding the market adapting to the concept of presidential incumbent vulnerability: “President...
Fed Comes Under Fire Again
Goldman Sachs strategist Bill Dudley to the Fed: Tighten already! “Market participants have already lost confidence in the monetary...