Finance
It was a week that should have resonated differently as it’s reasonable to conclude that it was important for the average investors’ psychology to see GDP data beating estimates. The expectation was a 1.8% increase, so when U.S. GDP grew 2% in the third-quarter, the clouds should have gone away and the sun should have come […]
October Flummox By: Dempster R. Cherry Read More »
I wasn’t the only one who noticed again this week that even with good economic news, the market and the purveyors of doom and gloom greeted earnings season with little if any enthusiasm. Yes, the rally coming out of 3rd quarter hasn’t been sustained. The markets were tap dancing on 4 year highs and a
By: Dempster R. Cherry As expected, the stock market pulled back slightly after setting new highs after the announcement of QE3. At the end of the week, the Dow Industrials, S&P 500 and NASDAQ Composite were all off marginally, while the Russell 2000 was down 1%. Eight of twelve major foreign indexes were mired in
Financial Report: Cliff diving anyone? Read More »
Depending upon how your mind warps reality: 1) Quantitative Easing has no positive economic effect and never will. It is all smoke and mirrors, and it will end badly either through deflation, or hyperinflation, or both. Or 2) QE has lowered interest rates by a few basis points and generated a gain of about 2+ million jobs
Financial Watch: Good things come in 3’s?? Read More »
After all the buildup concerning Fed Chair Bernanke’s Jackson Hole speech, European Central Banking President Mario Draghi’s speech, and both the Democrat and Republican political conventions, have we been left with a clear picture of what’s to come? While some of the economic data is better, the jobs picture remains underwhelming. U.S. equities participated in