Thursday, May 31, 2012
Massive Chinese Crackdown In Tibet
I hate the Chinese government. Sick people.
Voice of America: Witnesses Report Massive Chinese Crackdown in Tibetan Capital
Voice of America: Witnesses Report Massive Chinese Crackdown in Tibetan Capital
DOW Closes Lower
The DOW closed at 12,393.45 dropping 26.41 points.
Personally, I think the following CNN headline is misleading. Yes, the DOW and NASDAQ are down but they were also in the mid 13,000 area which is approaching a record high. It would be unrealistic to think that the DOW should be in the 14,000 area while the country is in a depression.
CNN: Dow, Nasdaq: Worst month in two years
Personally, I think the following CNN headline is misleading. Yes, the DOW and NASDAQ are down but they were also in the mid 13,000 area which is approaching a record high. It would be unrealistic to think that the DOW should be in the 14,000 area while the country is in a depression.
CNN: Dow, Nasdaq: Worst month in two years
DOW Lower At Noon
In the noon hour the DOW is at 12,383.00 down 36.86 points.
Reuters: Wall Street down on data, euro zone worries
Reuters: Wall Street down on data, euro zone worries
383,000 and 1.9%
Bad news
From CNN - First-time U.S. jobless claims climb to 383,000 in latest week. GDP growth for first quarter revised lower to 1.9%.
From CNN - First-time U.S. jobless claims climb to 383,000 in latest week. GDP growth for first quarter revised lower to 1.9%.
The Market On Thursday
Good morning. It is 55 degrees and sunny here in Upstate NY. We were just out walking and it is gorgeous out, I could live in this type of weather pattern all year long. It's paradise, for a few months out of the year we literally live in paradise. I am back to the chiropractor this morning, the holiday threw the appointments off but now it's back to the cracking.
At 7:30 a.m. futures are moderately higher, the dollar is down against all major world currencies, and the price of oil is up per barrel. Right now the trifecta is in and the market is poised to open higher, however that could change between now and 9:30 a.m. for a few reasons.
The first is the weekly first time layoffs number which is a barometer of employment trends in the USA especially when seen in the context of previous weeks. A bad number here could throw a wrench in the slight but steady improvement meme floated out there for our convenience and to alleviate our despair.
Second, the government will release a revised number for the first quarter GDP. Needless to say a revision downwards could disappoint Wall Street.
On the other hand Germany produced some better than expected employment numbers and since Germany is a top 5 world economy this is salient information.
I would have to say this is the first morning where I am reading about troubles in Ireland in quite some time. The focus of course has been on Greece and Spain. The overall point here is that the eurozone is a mess and until some stability in Europe occurs, the market is vulnerable and finicky.
CNN: Nervous investors weigh good news
At 7:30 a.m. futures are moderately higher, the dollar is down against all major world currencies, and the price of oil is up per barrel. Right now the trifecta is in and the market is poised to open higher, however that could change between now and 9:30 a.m. for a few reasons.
The first is the weekly first time layoffs number which is a barometer of employment trends in the USA especially when seen in the context of previous weeks. A bad number here could throw a wrench in the slight but steady improvement meme floated out there for our convenience and to alleviate our despair.
Second, the government will release a revised number for the first quarter GDP. Needless to say a revision downwards could disappoint Wall Street.
On the other hand Germany produced some better than expected employment numbers and since Germany is a top 5 world economy this is salient information.
I would have to say this is the first morning where I am reading about troubles in Ireland in quite some time. The focus of course has been on Greece and Spain. The overall point here is that the eurozone is a mess and until some stability in Europe occurs, the market is vulnerable and finicky.
CNN: Nervous investors weigh good news
Germany's May jobs report boosted market optimism...(Germany's) unemployment rate fell to a two-decade low of 6.7%.
...voters in Ireland are expected to approve more stringent budget rules in a referendum.
...Spain not being able to fund bank bailouts that could reach as much as €100 billion.
...investors will receive reports on U.S. initial jobless claims, private sector jobs and manufacturing.
Wednesday, May 30, 2012
Purity
The GOTP play book is brimming with exclusion, division, and hatred. We are seeing some very scary and dangerous ideas fomenting out there. When the tactics get this ugly, people get hurt or worse.
The radical religious right front has taken the tact of attacking gay people. They are upping the ante lately by now calling for the execution of gay people. Last week recall it was simply to corral gay people and drop food in till all gay people died out, except of course for the new gay people born outside of the corral. I suspect they would have to be later identified and then dropped in. Ah yes, now I remember, gay people are not born gay, they are corrupted into gayness through other gay people and a Nazi president.
Raw Story: Kansas pastor calls on U.S. government to kill LGBT people
The radical Tea Party right is taking the tact of escalating "birtherism." One also suspects this is simply Trump's maladjusted way of garnering attention. Either way Trump's conduit to Romney is about as near and dear as it gets in American politics plus the traction and media attention Trump is generating is undeniable. Exactly how low in priority do the very real and important topics and policy issues have to sink so that someone as insignificant and screwy as Trump can control the MSM's cycle.
CBS News: Trump overshadows Romney with 'birther' talk
The radical religious right front has taken the tact of attacking gay people. They are upping the ante lately by now calling for the execution of gay people. Last week recall it was simply to corral gay people and drop food in till all gay people died out, except of course for the new gay people born outside of the corral. I suspect they would have to be later identified and then dropped in. Ah yes, now I remember, gay people are not born gay, they are corrupted into gayness through other gay people and a Nazi president.
Raw Story: Kansas pastor calls on U.S. government to kill LGBT people
The radical Tea Party right is taking the tact of escalating "birtherism." One also suspects this is simply Trump's maladjusted way of garnering attention. Either way Trump's conduit to Romney is about as near and dear as it gets in American politics plus the traction and media attention Trump is generating is undeniable. Exactly how low in priority do the very real and important topics and policy issues have to sink so that someone as insignificant and screwy as Trump can control the MSM's cycle.
CBS News: Trump overshadows Romney with 'birther' talk
Chagas
I hate being the harbinger of bad news, but if you haven't read about Chagas, you will certainly be hearing about it soon.
PLOSntds.org: Chagas Disease: “The New HIV/AIDS of the Americas”
NIH: Chagas disease
"Chagas is neither a virus nor a bacteria, but an incurable single-celled parasite like malaria and sleeping sickness."
PLOSntds.org: Chagas Disease: “The New HIV/AIDS of the Americas”
NIH: Chagas disease
The Market On Wednesday
Good morning. It is 66 degrees and overcast here in Upstate NY. The rain is back and the plants are digging it. On Tuesday the thermometer surpassed 90 degrees for a spell, throw in some thick humidity and it had to be one of the hottest days for May in a long time in these parts. On Tuesday I posted two lengthy interviews with economist Krugman and they are very good as he deals with the long ongoing economic depression the country is mired in. Please check them out.
At 8:00 a.m. futures are moderately down, the dollar is mostly up against major world currencies, and the price of oil is down per barrel. The market is poised to open lower.
As predicted, yesterday's optimism over the eurozone financial crisis was short lived. Today it's back to pessimism especially surrounding some miserable news out of Spain surrounding downgrades and bank failures. In addition investors are facing the alarming concern that China's uber robust industrial blaze is cooling off. Remember that for the economy to be "good" it must be growing in all directions and when this does not occur, we fail. Now exactly how realistic is that.
CNN: Stocks to get hit by more European woes
At 8:00 a.m. futures are moderately down, the dollar is mostly up against major world currencies, and the price of oil is down per barrel. The market is poised to open lower.
As predicted, yesterday's optimism over the eurozone financial crisis was short lived. Today it's back to pessimism especially surrounding some miserable news out of Spain surrounding downgrades and bank failures. In addition investors are facing the alarming concern that China's uber robust industrial blaze is cooling off. Remember that for the economy to be "good" it must be growing in all directions and when this does not occur, we fail. Now exactly how realistic is that.
CNN: Stocks to get hit by more European woes
...independent ratings agency Egan-Jones downgraded Spain's sovereign debt Tuesday after markets closed in Europe.
Pending home sales for April...
Oil for July delivery lost $1.33 to $89.43 a barrel.
Tuesday, May 29, 2012
Consumers Confide
Are you consumer confident America?
I can't hear you.
We are a confident people, however when it comes to consuming, turns out this month we are not confident. We are downright insecure. On the other hand the opposite of consumer confidence might be consumer indifference and that's easy to understand. Either way, we are just not consumer confident like the way we used to be. The honeymoon is over.
CNN: Consumer confidence falls to 5-month low
I can't hear you.
We are a confident people, however when it comes to consuming, turns out this month we are not confident. We are downright insecure. On the other hand the opposite of consumer confidence might be consumer indifference and that's easy to understand. Either way, we are just not consumer confident like the way we used to be. The honeymoon is over.
CNN: Consumer confidence falls to 5-month low
DOW Higher At Noon
In the noon hour the DOW is at 12,532.71 up 77.88 points.
Looks like we are back to 'optimism about the eurozone financial crisis.' This is guaranteed to last for at least 24 hours...
CNN: Stocks rally as worries about Europe abate
Looks like we are back to 'optimism about the eurozone financial crisis.' This is guaranteed to last for at least 24 hours...
CNN: Stocks rally as worries about Europe abate
The Market On Tuesday
Good morning. It is 75 degrees, sunny, and humid here in Upstate NY. The rain that was supposed to have materialized over the extended weekend did not happen. Speaking of weekends, it came and went all too fast, now it's back to work. We were out earlier doing a brisk walk through the neighborhood. The secret with the new dog is finding the right object for her to carry as we walk. Without that object she can be a little unruly with barking and with a lot of sudden scavenging moves. The object changes in value and interest each day, one day she likes a stick, the next it's an old bone. It's a live and learn situation.
At 8:00 a.m. futures are significantly higher, the dollar is mostly up against major world currencies, and the price of oil is slightly down per barrel. Right now most stocks are poised to open higher.
Investors are happy to see that Greece is now embracing the austerity minded political party over the anti-austerity party. This is surprising to me and one wonders what mischief is occurring in Greece to make this change of heart occur. It's hard to imagine that the Greek people want to willingly give up any social spending that improves the quality of their lives. Regardless as far as I can tell this seems to be the big story right now. Markets are moving on eurozone hopes as opposed to failing on eurozone fears.
Later today data on housing prices and my favorite, consumer confidence, comes through the pipe. Are you confident - possibly - but are you consumer confident? How come there isn't an index for consumer contentment?
CNN: Stocks to get a boost on overseas hopes
At 8:00 a.m. futures are significantly higher, the dollar is mostly up against major world currencies, and the price of oil is slightly down per barrel. Right now most stocks are poised to open higher.
Investors are happy to see that Greece is now embracing the austerity minded political party over the anti-austerity party. This is surprising to me and one wonders what mischief is occurring in Greece to make this change of heart occur. It's hard to imagine that the Greek people want to willingly give up any social spending that improves the quality of their lives. Regardless as far as I can tell this seems to be the big story right now. Markets are moving on eurozone hopes as opposed to failing on eurozone fears.
Later today data on housing prices and my favorite, consumer confidence, comes through the pipe. Are you confident - possibly - but are you consumer confident? How come there isn't an index for consumer contentment?
CNN: Stocks to get a boost on overseas hopes
...the New Democracy party, which favors the austerity plan central to the European bailout that has kept Greece in the eurozone, has moved back in front of the anti-austerity Syriza party.
...Greece's four major banks were able to recapitalize with help from a European bailout fund Monday.
...some Spanish banks were downgraded Friday.
Monday, May 28, 2012
Reprieve
Wall Street is closed for the holiday - thank goodness.
It is quiet around here this morning, people are geared down for the holiday. I'm trying my best to stay away from the news.
I hope everyone's BBQ, party gatherings, sport watching, etc, and general relaxing inspires for the rest of the week.
Hey, it's the unofficial first day of Summer, dust off the linen.
It is quiet around here this morning, people are geared down for the holiday. I'm trying my best to stay away from the news.
I hope everyone's BBQ, party gatherings, sport watching, etc, and general relaxing inspires for the rest of the week.
Hey, it's the unofficial first day of Summer, dust off the linen.
Sunday, May 27, 2012
Upwardly Immobile
More like downwardly mobile...
AlterNet: Why Mobility in America Is in the Dumpster
AlterNet: Why Mobility in America Is in the Dumpster
...the top one percent “earn” nearly a quarter of the nation’s income.
Sunday
Good morning. At 10 a.m. it is 68 degrees and mostly sunny here in Upstate NY. This is occurring in spite of the weather logos that show rain, rain, and more rain today and over the next several days.
It is a pleasant holiday weekend to say the least. Yours truly has been spending more time than usual outdoors. I am finding the outdoors to be the water for the dry sponge, it appeals on many levels.
I might add that the weekend has brought us back to juicing, the juicer is out and prominent in the kitchen. We are going through carrots and apples by the bag.
Holidays are always a good tome to recoup the body and mind, so I am trying to stay clear of too much godawful news. One almost needs to be massively 'braced' in order to read today's headlines. Let's give it a brief rest.
Enjoy your day.
It is a pleasant holiday weekend to say the least. Yours truly has been spending more time than usual outdoors. I am finding the outdoors to be the water for the dry sponge, it appeals on many levels.
I might add that the weekend has brought us back to juicing, the juicer is out and prominent in the kitchen. We are going through carrots and apples by the bag.
Holidays are always a good tome to recoup the body and mind, so I am trying to stay clear of too much godawful news. One almost needs to be massively 'braced' in order to read today's headlines. Let's give it a brief rest.
Enjoy your day.
Saturday, May 26, 2012
The Millennial Generation Set To Vote For Obama
Millennial Generation - born 1982 to 2003, largest American generation, 95 million people.
Maddow - Reverse Robin Hood
Visit msnbc.com for breaking news, world news, and news about the economy
Friday, May 25, 2012
DOW Closes Lower
The DOW closed at 12,454.83 dropping 74.92 points.
Reuters: Wall Street slips ahead of long holiday weekend
Reuters: Wall Street slips ahead of long holiday weekend
The Dalai Lama - The Art Of Happiness
Reposting this from two days ago - it's an excellent speech.
The Dalai Lama touches on many important issues in this talk. In particular, check out the section from 18:00 to 22:18 where he gets at temporary happiness and more lasting happiness.
The Dalai Lama touches on many important issues in this talk. In particular, check out the section from 18:00 to 22:18 where he gets at temporary happiness and more lasting happiness.
DOW Lower At Noon
In the noon hour the DOW is at 12,496.07 down 33.68 points.
CNN: Farmers hit the jackpot in Kansas oil boom
CNN: Farmers hit the jackpot in Kansas oil boom
Japan Tsunami Debris Hits Alaska
Japan estimates 1.5 millions tons of debris are afloat in the ocean.
Reuters: Alaskan crews gear up to tackle Japan tsunami debris
Reuters: Alaskan crews gear up to tackle Japan tsunami debris
The Hysterical Right
AlterNet: Why I Stopped Being a Right-Winger -- Modern Conservatism Has Become a Form of Mass Hysteria
A former conservative who worked for Reagan and wrote for National Review says the new hysterical right cares nothing for truth or dignity.
The Market On Friday
Good morning. It is 65 degrees and overcast here in Upstate. The rain pattern continues and hopefully we get a break over the holiday weekend. The new dog is learning how to become a decent jogger, she is now doing 2.5 mile jogs through the neighborhood. She's a unique being, when she gets a nice looking stick to carry she becomes the model dog. Before the stick, she is a terror on wheels with lots of peer learned barking and that needs some work.
At 8:10 a.m. futures are flat, the dollar is mostly down against world currencies, and the price of oil is up per barrel. The market is poised to open flat to slightly higher but based on this week's major turnarounds, the possibilities are wide and many.
It's really the same old story - it's all about major concerns over the eurozone debt crisis including what will happen to world markets when Greece leaves the eurozone. There is an idea out there to float a German backed Euro bond, but right now it's purely an idea.
One thing that caught my attention in today's article is the fact that equities in the S&P are well priced. It is suggested that investors might therefor find this to be an attractive time to buy.
CNN: Stocks set to open mixed; Europe in focus
At 8:10 a.m. futures are flat, the dollar is mostly down against world currencies, and the price of oil is up per barrel. The market is poised to open flat to slightly higher but based on this week's major turnarounds, the possibilities are wide and many.
It's really the same old story - it's all about major concerns over the eurozone debt crisis including what will happen to world markets when Greece leaves the eurozone. There is an idea out there to float a German backed Euro bond, but right now it's purely an idea.
One thing that caught my attention in today's article is the fact that equities in the S&P are well priced. It is suggested that investors might therefor find this to be an attractive time to buy.
CNN: Stocks set to open mixed; Europe in focus
...Germany can be persuaded to back so-called eurobonds, which could be a solution to the ongoing sovereign debt crisis in Europe.
...the Spanish banking crisis was worsening behind the scenes.
Concerns about the European debt crisis and whether a Greek exit from the euro would spark a meltdown in financial markets around the world, as well as a global recession, have weighed on U.S. markets in recent weeks.
...the S&P 500 is trading at an attractive valuation -- below 13 times earnings estimates.
Thursday, May 24, 2012
I'm Hired
The Donald says he would be the best VP choice out there for Romney.
We couldn't possibly disagree.
Newsmax: Trump Quips on Romney VP Choice: ‘Me’
We couldn't possibly disagree.
Newsmax: Trump Quips on Romney VP Choice: ‘Me’
Media Spotlight
Check out the difference in how the news in highlighted between FOX and CBS. The same information is covered, basically, but the headline focus creates two very different ideas in the reader's mind. Incidentally, this week's number is 370,000.
FOX: Weekly Jobless Claims Fall Slightly
CBS News: Weekly jobless claims: Sign of modest job growth
FOX: Weekly Jobless Claims Fall Slightly
CBS News: Weekly jobless claims: Sign of modest job growth
DOW Lower At Noon
In the noon hour the DOW is at 12,455.89 down 40.26 points.
CNN: 30-year mortgage rate hits another record low
CNN: 30-year mortgage rate hits another record low
Emotion
AlterNet: Why We Have Emotions (And Why We Should Not Fight Them)
If you are interested in this topic let me also include one of the very best straight forward advice articles I've read on dealing with anxiety but the advice really works for any emotional upheaval.
anxietycoach.com: Claire Weekes: Float Through Anxiety
If you are interested in this topic let me also include one of the very best straight forward advice articles I've read on dealing with anxiety but the advice really works for any emotional upheaval.
anxietycoach.com: Claire Weekes: Float Through Anxiety
The Market On Thursday
Good morning. It is 66 degrees and overcast here in Upstate NY. I am rushing once again because I see the chiropractor shortly. I've said it before and it's worth repeating, the adjustments have made me much more aware of the need for good posture, especially when sitting in front of the computer. I hope you are sitting up straight now too. We'll make a posture pact.
At 7:30 a.m. futures are moderately higher, the dollar is mostly up against world currencies, and the price of oil per barrel is up. Right now the market is poised to open higher.
In about an hour investors will see the weekly first time layoff numbers and that is always telling. All around the articles are spelling out a more optimistic morning and I believe it's mostly based on HP's better than expected first quarter results and upbeat forecast. This is contrary to the opinion that the tech sector was weakening.
Otherwise any optimism about Greece's inevitable collapse or wished for non collapse are more emotional than factual. European leaders met last night to work over policy and the word is that nothing moved forward. The leaders want Greece to implement agreed upon austerity measures and the Greek people want something better.
CNN: Stocks set to open higher
At 7:30 a.m. futures are moderately higher, the dollar is mostly up against world currencies, and the price of oil per barrel is up. Right now the market is poised to open higher.
In about an hour investors will see the weekly first time layoff numbers and that is always telling. All around the articles are spelling out a more optimistic morning and I believe it's mostly based on HP's better than expected first quarter results and upbeat forecast. This is contrary to the opinion that the tech sector was weakening.
Otherwise any optimism about Greece's inevitable collapse or wished for non collapse are more emotional than factual. European leaders met last night to work over policy and the word is that nothing moved forward. The leaders want Greece to implement agreed upon austerity measures and the Greek people want something better.
CNN: Stocks set to open higher
...Hewlett-Packard...shot up 9% in after-hours trading Wednesday, after the company reported profit and sales that beat forecasts and raised its forecast for the full year.
German Chancellor Angela Merkel said, "We want Greece to stay in the euro, but we insist that Greece sticks to commitments that it has agreed to."
...China's manufacturing sector continued to shrink in May...
Oil for July delivery rose 53 cents to $90.43 a barrel...
Wednesday, May 23, 2012
DOW Closes Lower
The DOW closed at 12,496.15 dropping 6.66 points.
Amazing recovery considering the DOW was down 190 points earlier in the day.
CNN: Stocks erase hefty losses in last half hour
Amazing recovery considering the DOW was down 190 points earlier in the day.
CNN: Stocks erase hefty losses in last half hour
Moog
That little synthesizer you see on Google today actually works and sounds like a Moog synth.
You can play the keys with your keypad, dial in your own synth sounds, and you can record it as well.
DOW Lower At Noon
In the noon hour the DOW is at 12,316.06 down 186.75 points.
Wow
CNN: Tech sell-off, Greece worries hit stocks
Wow
CNN: Tech sell-off, Greece worries hit stocks
Seagrass And Carbon
Long story short - seagrasses can store vast amounts of carbon and they are also environmentally threatened.
Live Science: Seagrasses Store as Much Carbon as Forests
Live Science: Seagrasses Store as Much Carbon as Forests
The Market On Wednesday
Good morning. It is 64 degrees and cloudy with rain expected here in Upstate NY. I hope everyone is working on their posture. My visits to the chiropractor have made me more attentive to how I sit in a chair especially when I'm in front of the computer. The slouching has to stop. I was able to get in my long run yesterday afternoon, so today I will only be walking and then do some stretching. Stretching is another key - lots of stretching and good posture thank you.
At 8:15 a.m. futures are moderately lower, the dollar is mostly up against major world currencies, and the price of oil is down per barrel. The market is poised to open lower.
It would seem that investors are working under a strain of many worries today. All major global economic worries are in play. Leading the pack is Greece and exactly what will become of that country in terms of its connection to the eurozone along with how Greece's collapse will affect other eurozone countries. That is a true mess.
In case you missed it, sales of pre-existing homes in the USA came through with high grades on Tuesday. That was a boon. Today investors will see how the sale of new homes is fairing. It's pretty simple, when the housing market is flowing, the economy is flowing because in order for homes to move people must be working and spending. Hey maybe a good housing report can ameliorate what right now appears to be a poor start. We shall see.
CNN: Stocks: Focus on Greece, growth and tech
At 8:15 a.m. futures are moderately lower, the dollar is mostly up against major world currencies, and the price of oil is down per barrel. The market is poised to open lower.
It would seem that investors are working under a strain of many worries today. All major global economic worries are in play. Leading the pack is Greece and exactly what will become of that country in terms of its connection to the eurozone along with how Greece's collapse will affect other eurozone countries. That is a true mess.
In case you missed it, sales of pre-existing homes in the USA came through with high grades on Tuesday. That was a boon. Today investors will see how the sale of new homes is fairing. It's pretty simple, when the housing market is flowing, the economy is flowing because in order for homes to move people must be working and spending. Hey maybe a good housing report can ameliorate what right now appears to be a poor start. We shall see.
CNN: Stocks: Focus on Greece, growth and tech
...Morgan Stanley, the lead underwriter for Facebook's initial public offering last week, (allegedly) shared a negative assessment of the social network with major clients ahead of the IPO.
...growing worries that Greece is moving closer to dropping the euro and what the contagion effects an exit might have on other economies.
...the World Bank cut its estimates for growth in the Asia-Pacific region, including China.
New home sales for the month of April...
Tuesday, May 22, 2012
DOW Closes Lower
The DOW closed at 12,502.81 dropping 1.67 points.
CNN: How Alcatel-Lucent made the Internet 5 times faster
CNN: How Alcatel-Lucent made the Internet 5 times faster
The Market On Tuesday
Good morning. It is 64 degrees and ready to rain here in Upstate NY. We did have rain over night and this is great for the garden. We are seeing radishes, endive, lettuce, eggplant, peppers, a variety of beans, and various herbs and flowers poking up. Rain or shine, today is my long run - jog day. I plan to get out there later this afternoon and keep it going for one hour. I don't go fast but I do like to go for an hour. Try it.
At 8:15 a.m. futures are slightly higher, the dollar is up against major world currencies, and the price of oil is down per barrel. The market is poised to open flat but we are quite willing to take another day like yesterday. Curious to see Facebook drop in value on Monday considering most equities gained a few percentages. Warren Buffet didn't buy Facebook and that was strong enough advice for me.
Investors are weighing the pros and cons of the global economy. I think the fundamental issue will remain in the eurozone as we all watch the Greek economy collapse and then follow along to see how that bad outcome will be managed. Also we will see what collapses along with it and that point is possibly the most salient to the global economy. It has to be very discouraging to be a regular citizen of Greece of now.
CNN: Investors weigh global economic news
At 8:15 a.m. futures are slightly higher, the dollar is up against major world currencies, and the price of oil is down per barrel. The market is poised to open flat but we are quite willing to take another day like yesterday. Curious to see Facebook drop in value on Monday considering most equities gained a few percentages. Warren Buffet didn't buy Facebook and that was strong enough advice for me.
Investors are weighing the pros and cons of the global economy. I think the fundamental issue will remain in the eurozone as we all watch the Greek economy collapse and then follow along to see how that bad outcome will be managed. Also we will see what collapses along with it and that point is possibly the most salient to the global economy. It has to be very discouraging to be a regular citizen of Greece of now.
CNN: Investors weigh global economic news
...credit rating agency Fitch downgraded Japan, the world's No. 3 economy, and suggested further downgrades were possible
...a report showing lower inflation in the United Kingdom...
...forecasts for the eurozone economy to a decline of 0.1% this year...
Monday, May 21, 2012
Posture 1
Good posture is critical - we are going to stand up straight and sit down correctly!
Got it!
Posture Strengthening Exercises
Got it!
Posture Strengthening Exercises
Wall Angels
-Stand against wall with feet shoulder width apart.
-Gently press low back against wall.
-Place back of elbows, forearms, and wrists against wall.
-Bring arms up and down slowly in a small arc of motion while keeping elbows in contact with wall.
-Do this 10 times.
DOW Higher At Noon
In the noon hour the DOW is at 12,472.16 up 102.78 points.
CNN: JPMorgan Chase loss only going to get worse
CNN: JPMorgan Chase loss only going to get worse
The Market On Monday
Good morning. It is 58 degrees and mostly sunny here in Upstate NY. I hope you had an excellent weekend, now it's back to Monday morning. I am rushing because it's back out to see the chiropractor for one of two adjustments this week. My biggest enemy regarding my posture - sitting in front of the computer. Good posture is imperative, it helps everything, mind and body.
At 7:35 a.m. futures are modestly higher, the dollar is mixed against major world currencies, and the price of oil is down per barrel. If I'm guessing and I am, the market is poised to open mixed with half up and half down. When the price of oil is down, energy stocks often go down as well and when they do, they drag lots of other stocks with them.
Essentially investors are hinging this morning's boost on a hope and a prayer. The '8' met over the weekend to shore up confidence in a strong eurozone. Well that's just fine but the proof is in the pudding. That economic mess has a ways to play out. Although futures are up, I have no confidence the market will close higher. We are into some turbulence.
CNN: Stocks set to rebound
At 7:35 a.m. futures are modestly higher, the dollar is mixed against major world currencies, and the price of oil is down per barrel. If I'm guessing and I am, the market is poised to open mixed with half up and half down. When the price of oil is down, energy stocks often go down as well and when they do, they drag lots of other stocks with them.
Essentially investors are hinging this morning's boost on a hope and a prayer. The '8' met over the weekend to shore up confidence in a strong eurozone. Well that's just fine but the proof is in the pudding. That economic mess has a ways to play out. Although futures are up, I have no confidence the market will close higher. We are into some turbulence.
CNN: Stocks set to rebound
Over the weekend the Group of eight nations met and reaffirmed their commitment to keeping Greece in the eurozone. And two opinion polls released in Greece reportedly put the pro-bailout party ahead of the anti-austerity Syriza party.
No major economic reports are expected in the U.S. on Monday.
Oil for June delivery fell $1.57 to $91.82 a barrel.
Sunday, May 20, 2012
Sunday
At 6:00 it is a balmy 84 degrees in Upstate NY and we could not possibly have had a better day.
I hope everyone is enjoying the warmth. Hey the warm weather is back and the living is easier.
We are having a productive weekend gardening, mowing, partying, walking, running, and relaxing.
I hope everyone is enjoying the warmth. Hey the warm weather is back and the living is easier.
We are having a productive weekend gardening, mowing, partying, walking, running, and relaxing.
Anger Advice
I've posted this here several times. I think it's a powerful example of some very direct and useful advice that we occasionally see in written form.
from Chagdud Tulku
from Chagdud Tulku
"When someone insults us, we usually dwell on it, asking ourselves, "Why did he say that to me?" and on and on. It's as if someone shoots an arrow at us, but it falls short. Focusing on the problem is like picking up the arrow and repeatedly stabbing ourselves with it saying, "He hurt me so much. I can't believe he did that." Instead, we can use the method of contemplation to think things through differently, to change our habit of reacting with anger. Imagine that someone insults you. Say to yourself, "This person makes me angry. But what is anger? It is one of the poisons of the mind that creates negative karma, leading to intense suffering. Meeting anger with anger is like following a lunatic who jumps off a cliff. Do I have to do likewise? While it's crazy for him to act the way he does, it's even crazier for me to do the same."
Saturday, May 19, 2012
Morning
Saturday and hooray for that. It is 51 degrees and sunny here in upstate NY. Looks like we are in for a gorgeous day and for me a lot of the time will be spent outdoors.
That crashing sound you heard last week was the stock market. The DOW is presently at 12,369.38 dropping a cool 1,000 plus points over the last few weeks. All retirement accounts, equities accounts, 401's, etc are feeling the pinch. The finger of guilt is pointed squarely at the eurozone with Greece verging on extreme economic disaster and with Spain running its own version of that same race.
The eurozone is in crisis mode with a large meeting of key players taking place next week in order to find some type of solution. Meanwhile investors are jumping for cover, selling off all kinds of assets worried that the global economy will be dented as a result of Europe's economy. Facebook's IPO did not magnetize the investment community on Friday like many said it would.
Reuters points out that the pattern has been - eurozone problem escalating to crisis level, a quick solution is put in place, appeasement occurs with world investors, until a problem starts to escalate, and repeat.
This could very well be the scenario we see, with upcoming news that some type of solution has been found until the dam bursts anew. Meanwhile the road will be bumpy.
Reuters: Global Markets Weekahead: Euro zone policy action becoming critical
That crashing sound you heard last week was the stock market. The DOW is presently at 12,369.38 dropping a cool 1,000 plus points over the last few weeks. All retirement accounts, equities accounts, 401's, etc are feeling the pinch. The finger of guilt is pointed squarely at the eurozone with Greece verging on extreme economic disaster and with Spain running its own version of that same race.
The eurozone is in crisis mode with a large meeting of key players taking place next week in order to find some type of solution. Meanwhile investors are jumping for cover, selling off all kinds of assets worried that the global economy will be dented as a result of Europe's economy. Facebook's IPO did not magnetize the investment community on Friday like many said it would.
Reuters points out that the pattern has been - eurozone problem escalating to crisis level, a quick solution is put in place, appeasement occurs with world investors, until a problem starts to escalate, and repeat.
This could very well be the scenario we see, with upcoming news that some type of solution has been found until the dam bursts anew. Meanwhile the road will be bumpy.
Reuters: Global Markets Weekahead: Euro zone policy action becoming critical
Friday, May 18, 2012
DOW Closes Lower
The DOW closed at 12,369.38 dropping 73.11 points.
Reuters: World stocks fall into negative territory for year
Reuters: World stocks fall into negative territory for year
The Market On Friday
Good morning. It is 50 degrees and sunny here in Upstate NY. It is rather gorgeous out. The morning walk was crisp as the new dog is back in better health, raring to go as it were. Unfortunately some of her less desirable habits are back with her barking at other dogs. I still can't bring treats with me to try to lure her away from the barking because she is still on a special diet. We make progress one step at a time.
At 8:10 a.m. futures are modestly higher, the dollar is mixed against major world currencies, and the price of oil is higher. The market is poised to open a little higher.
Today's big news is Facebook. Facebook's IPO will allegedly sway investors away from major concerns over the eurozone economic meltdown. We will see about that.
The troubling news out of Europe continues to stream in and there does not seem to be an end in sight. This is a rather serious crisis, think about it. Fortunately we can relax a bit over the weekend.
CNN: Stocks: Facebook IPO vs. Europe worries
At 8:10 a.m. futures are modestly higher, the dollar is mixed against major world currencies, and the price of oil is higher. The market is poised to open a little higher.
Today's big news is Facebook. Facebook's IPO will allegedly sway investors away from major concerns over the eurozone economic meltdown. We will see about that.
The troubling news out of Europe continues to stream in and there does not seem to be an end in sight. This is a rather serious crisis, think about it. Fortunately we can relax a bit over the weekend.
CNN: Stocks: Facebook IPO vs. Europe worries
...Facebook...set to debut on the Nasdaq in one of the most highly anticipated IPOs in years.
Concerns are mounting about a potential Greek exit from the euro...
...Moody's downgraded 16 Spanish banks on Thursday...
...depositors are withdrawing their money from Greek banks...
Thursday, May 17, 2012
Stein Offers Tripe
There you have it, the intellectual model for the establishment right is Richard Nixon. Curious in that there's no mention of GW's dazzling intellect which is apparently the new GOTP model.
DOW Closes Lower
The DOW closed at 12,442.49 dropping 156.06 points.
Reuters: Global stocks, oil drop on latest euro zone fears
Reuters: Global stocks, oil drop on latest euro zone fears
DOW Lower At Noon
In the noon hour the DOW is at 12,526.39 down 72.16 points.
CNN: Stocks under pressure on Greece worries
CNN: Stocks under pressure on Greece worries
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