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Where DID I put that Crystal Ball?
There was not a lot of economic news out this week other than the nebulous plans put forth by our government. There was great disappointment with our new Treasury Secretary’s ‘outline’ of a plan to...
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Market Commentary: Housing
New home construction fell to a 50 year low as reported this morning. It could be worse than that as they only started counting 50 years ago. At the same time applications for mortgages last week...
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Market Commentary: Trends & Hope
The trend in the DOW is certainly down and breaking down to new lows. The other indexes are not far behind though they have not fallen below previous lows made last year. Everyone is feeling that the...
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Benefits and Trials of Inflation
On Friday I wrote about the fear of inflation but also stated that maybe a little inflation is not all bad, and indeed it is preferable to deflation. Rising prices are always hard on us consumers as...
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It is Time to Buy!
Earnings reports for the first quarter picked up speed this week with the first big blue chip company Alcoa reporting poor numbers after hours on Tuesday and Wells Fargo reporting surprising record...
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Is This the Pullback?
The market this morning decided to give back some of its recent gains. This certainly should have been expected and it’s a question of how much will the market retract? Actually, a pullback will be a...
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Earnings the Economy and Prices
This will be the last big week of earnings reports for the first quarter. There will be more in the weeks ahead but the amount of companies reporting will fall dramatically. Earnings as reported for...
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The Stress Test
The market struggled this week but was resilient. In the first part of the week fear about the ‘stress test’ hovered over the traders. The unknown result will not be known to the public until next...
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It’s Time To Invest!
The week started on an up note. The stock market got a boost from the existing housing sales report which showed sales up 3% nationwide with a more than 8% increase in the west. Also on Monday a report...
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Good News
As mentioned yesterday where the wholesale inflation number was surprisingly higher than expected the retail inflation out this morning was very low. It actually shrank for the first time since 1982 if...
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