Friday, January 31, 2014
Wildstein Says Christie Knew
Interesting that this article comes out on late Friday, news dump time, when important news is seen by the fewest number of people.
Reuters: Christie knew about bridge lane closures, ex-official says: report
Reuters: Christie knew about bridge lane closures, ex-official says: report
The Market On Friday
Good morning and welcome to the weekend. It is 23 degrees and cloudy here in Upstate NY. The logo is promising a temperature of 37 degrees later today and that will be the first above freezing mark in a while. It will feel like a heat wave. Well, the extra good news, today is the first day of the Yang Wooden Horse. According to what I read, we are in for a more promising period of time. Do you think we could use it? Yes we can and I'm banking on the wisdom of Asian astrology to lead us to a higher ground. At the minimum, it's an optimistic thought and that in itself can be helpful.
Wall Street is not as enthused about the first day of the Yang Wooden Horse. At 8:30 a.m. ET DOW futures are significantly lower and the price of oil per barrel is down. The market is poised to tank at the opening bell.
Nothing pops out in the linked article that indicates the why of the big drop this morning. One might postulate that this is a continuation of the economic problems affecting the developing countries and consequently the global economy in light of a tapering off of quantitative easing. On the other hand we are due for a market correction and is this it? Who knows.
CNN: Stocks: Closing out a jittery January
Wall Street is not as enthused about the first day of the Yang Wooden Horse. At 8:30 a.m. ET DOW futures are significantly lower and the price of oil per barrel is down. The market is poised to tank at the opening bell.
Nothing pops out in the linked article that indicates the why of the big drop this morning. One might postulate that this is a continuation of the economic problems affecting the developing countries and consequently the global economy in light of a tapering off of quantitative easing. On the other hand we are due for a market correction and is this it? Who knows.
CNN: Stocks: Closing out a jittery January
At 9:55 a.m., the University of Michigan and Thomson Reuters will release the latest edition of their Consumer Sentiment Index.
Thursday, January 30, 2014
Good Night
'Love In The Time Of Advertising'
Love in the Time of Advertising from Love in the Time of Advertising on Vimeo.
DOW Closes Higher
In the noon hour the DOW is at 15,848.61 gaining 109.82 points.
CNN: CNN exclusive: Obama says Walmart, Apple, others to help jobless
CNN: CNN exclusive: Obama says Walmart, Apple, others to help jobless
The Daily Show - Band Of Blockers
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DOW Higher At Noon
In the noon hour the DOW is at 15,879.91 up 141.12 points.
CNN: Stretched food pantry runs out of food
CNN: Stretched food pantry runs out of food
The Market On Thursday
Good morning. It is 2 degrees and clear here in Upstate NY. The early frigid temperatures remain even though the weather logos promise something a little warmer. We see that Atlanta was in a state of collapse all over a few inches of snow that quickly became a massive ice skating rink on all major and minor roads. Friends and friends of friends are saying things like spending 8 hours going just a few miles, many had it much worse. Is there anyone out there who is a fan of the traffic jam? I didn't think so. Curious that traffic jams as a result of political mischief or incompetence are in the forefront of the news recently. We can allow our politicians to make vicious policy choices that serve corporate interests all of the time and put hard working people in a state of compromise, but screw around with easy driving accessibility and you are cooked.
At 8:10 a.m. ET DOW futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher but recent trends demonstrably accentuate the ephemeral nature of that statement.
Investors heard the bad news from the Fed yesterday - quantitative easing is coming to a slow and painful end. Peripheral developing markets have been hit especially hard by this reality and a sell off has ensued. Setting all of that aside for a moment, investors will be looking at more fourth quarter corporate reports today, actually a huge slew of them. In addition, we get another reading of the fourth quarter GDP and the weekly first time layoff numbers and we wonder how this can be since right about now everyone has lost their job...
CNN: Stocks: Investors hoping for a rebound
At 8:10 a.m. ET DOW futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher but recent trends demonstrably accentuate the ephemeral nature of that statement.
Investors heard the bad news from the Fed yesterday - quantitative easing is coming to a slow and painful end. Peripheral developing markets have been hit especially hard by this reality and a sell off has ensued. Setting all of that aside for a moment, investors will be looking at more fourth quarter corporate reports today, actually a huge slew of them. In addition, we get another reading of the fourth quarter GDP and the weekly first time layoff numbers and we wonder how this can be since right about now everyone has lost their job...
CNN: Stocks: Investors hoping for a rebound
Investors were disappointed the central bank didn't address the recent turmoil in emerging markets.
The turmoil has prompted a flight from riskier assets, including stocks.
Wednesday, January 29, 2014
DOW Closes Lower
The DOW closed at 15,738.79 dropping 189.77 points.
CNN: Fed continues taper as Bernanke's term ends
CNN: Fed continues taper as Bernanke's term ends
DOW Lower At Noon
In the noon hour the DOW is at 15,836.05 down 92.51 points.
Reuters: Emerging market currencies stumble despite rate hikes; stocks fall
Reuters: Emerging market currencies stumble despite rate hikes; stocks fall
Agnotology
Finally a word which completely encapsulates the FOX News/Denier cult in our country.
From Wikipedia -
From Wikipedia -
Agnotology (formerly agnatology) is the study of culturally induced ignorance or doubt, particularly the publication of inaccurate or misleading scientific data. A prime example of the deliberate production of ignorance cited by Proctor is the tobacco industry's conspiracy to manufacture doubt about the cancer risks of tobacco use. Under the banner of science, the industry produced research about everything except tobacco hazards to exploit public uncertainty.
The Market On Wednesday
Good morning. It is 6 degrees and sunny here in Upstate NY. The frigid cold continues but with no wind and the sun out, being outside is doable. We are about to enter the year of the Yang Wood Horse. I am not a big astrology buff at all but I find this article to be pleasing and helpful - 2014 – The Year of the Yang Wood Horse. Check it out I encourage you to read it. It's very optimistic and explains a lot of the doldrums of the past 2 years. In fact according to the article the last 2 years were the hardest of a 60 year cycle.
At 8:30 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
Today is the big day. Investors expect to hear the Fed announce a further tapering of quantitative easing. Meanwhile the developing countries are responding to the eventual drying up of easy liquidity by raising their key interest rates. India has pushed the rate up to 8%. Imagine what that rate would due in the USA. This is allegedly a short term policy move to provoke a more disciplined approach to their economies. Investors are responding favorably to this move.
CNN: Stocks: Losing momentum ahead of Fed
At 8:30 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
Today is the big day. Investors expect to hear the Fed announce a further tapering of quantitative easing. Meanwhile the developing countries are responding to the eventual drying up of easy liquidity by raising their key interest rates. India has pushed the rate up to 8%. Imagine what that rate would due in the USA. This is allegedly a short term policy move to provoke a more disciplined approach to their economies. Investors are responding favorably to this move.
CNN: Stocks: Losing momentum ahead of Fed
...expectations that the Federal Reserve will continue to reduce the pace of its monetary stimulus, which has supported the flow of cash into developing economies.
The Federal Reserve will announce its latest policy moves at 2 p.m. ET.
Tuesday, January 28, 2014
The Daily Show - Sean Of The Fled
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DOW Higher At Noon
In the noon hour the DOW is at 15,890.51 up 52.63 points.
CNN: Stocks rebound as emerging markets calm
CNN: Stocks rebound as emerging markets calm
The Market On Tuesday
Good morning. It is 6 degrees and sunny here in Upstate NY. Hey it might even get up to around 16 degrees later today. It's cold out there. February is right around the corner and as I've mentioned I like February, the month in my mind marks the noticeable return of daylight. Right now the return of daylight is picking up pace and in a few days we will be gaining 2 1/2 minutes of more sunlight per day. It sure beats seeing it dark out around 4:15 in the afternoon.
At 8:30 a.m. ET DOW futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
I'm reading the fourth quarter reports of several major corporations this morning and the numbers are beating expectations. It's not the fourth quarter reports that's spooked the market, it's the likelihood that the Fed will continue tapering down quantitative easing in an announcement on Wednesday. As we are seeing this is resulting in fear surrounding the viability of the peripheral markets or emerging markets. Investors are selling off holdings from these countries and the indexes have been rattled. The global economy is going through a conniption and this just shows how powerful the Fed is.
CNN: Stocks head for a bumpy open
At 8:30 a.m. ET DOW futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
I'm reading the fourth quarter reports of several major corporations this morning and the numbers are beating expectations. It's not the fourth quarter reports that's spooked the market, it's the likelihood that the Fed will continue tapering down quantitative easing in an announcement on Wednesday. As we are seeing this is resulting in fear surrounding the viability of the peripheral markets or emerging markets. Investors are selling off holdings from these countries and the indexes have been rattled. The global economy is going through a conniption and this just shows how powerful the Fed is.
CNN: Stocks head for a bumpy open
Emerging markets have returned center stage over the past few days as protests and wild currency fluctuations led to a sweeping sell-off.
The markets expect the Fed to announce a further cut to its bond-buying program Wednesday, which could prompt a withdrawal of cash from vulnerable emerging markets.
Monday, January 27, 2014
DOW Lower At Noon
In the noon hour the DOW is at 15,818.68 dropping 60.43 points.
CNN: African-Americans squeezed out of the housing market
CNN: African-Americans squeezed out of the housing market
The Market On Monday
Good morning. It is 27 degrees and overcast here in Upstate NY. We might even break above freezing today for the first time in a while. Cold as it is in this area, the Midwest is experiencing extreme cold and that will hang around out there for a while. January is a tough month and I always look forward to February where the return of more daylight is very noticeable. We will be moving the clocks ahead on March 9th this year. That's a mere 5+ weeks away.
At 8:15 a.m. ET DOW futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
After a blisteringly bad week, the market is presently set to begin on an up note. It's the tapering down of quantitative easing and how that will effect the global economy that has investors pushing a sell off. I can't explain this morning except that perhaps it has to do with strong corporate fourth quarter earnings. One gets the sense that there is pressure on the market to contract and pressure to preserve the high perch of the major indexes. At this moment the preservation pressure is stronger.
CNN: Stocks: Clawing toward a positive start
At 8:15 a.m. ET DOW futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
After a blisteringly bad week, the market is presently set to begin on an up note. It's the tapering down of quantitative easing and how that will effect the global economy that has investors pushing a sell off. I can't explain this morning except that perhaps it has to do with strong corporate fourth quarter earnings. One gets the sense that there is pressure on the market to contract and pressure to preserve the high perch of the major indexes. At this moment the preservation pressure is stronger.
CNN: Stocks: Clawing toward a positive start
"The prospect of the end of cheap money in the west, with the certainty of the end of even cheaper money in China, is forcing up the cost of capital across the [emerging markets] asset class."
...data on new home sales will be announced at 10 a.m. ET.
Sunday, January 26, 2014
Saturday, January 25, 2014
Sister Megan
The latest Maddow gets into this. I was only peripherally aware of the story which is well over a year old.
Guardian UK: Nun faces up to 30 years in prison for protesting at nuclear weapons facility - District judge denies appeal of Sister Megan Rice, 83, and two other activists, citing their intent to 'disarm' Oak Ridge
Guardian UK: Nun faces up to 30 years in prison for protesting at nuclear weapons facility - District judge denies appeal of Sister Megan Rice, 83, and two other activists, citing their intent to 'disarm' Oak Ridge
Get Along Little Doggie
Personally I don't think it is within the makeup of the authoritarian personality to "get along". It's much more about hierarchy and control, not equality and openness. But kudos for suggesting there is a glimmer of potential.
AlterNet: Sally Kohn: How to Get Along With Right-Wingers - The former Fox News contributor discusses what the political left and right could do better.
AlterNet: Sally Kohn: How to Get Along With Right-Wingers - The former Fox News contributor discusses what the political left and right could do better.
Friday, January 24, 2014
Good Night
'This Is Not A Conspiracy Theory' - trailer
This Is Not A Conspiracy Theory - Trailer from Kirby Ferguson on Vimeo.
The Daily Show - War Of Peacecraft
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The Market On Friday
Good morning. It is 2 degrees and at the moment sunny here in Upstate NY. Help, we are being held hostage by a frigid cold air mass and it doesn't want to go away. Saturday will be the "warmest" day of the week as the temp is expected to hit 25 degrees. Yeah it's winter. We are presently gaining about 2 minutes of daylight each day. There's something somewhat reconciling knowing that. The Sun's coming back and it's warming effect is little by little occurring.
At 8:25 a.m. ET futures are moderately down and the price of oil per barrel is down. The market is poised to open lower.
Investors have not been pleased with fourth quarter corporate reports. Even though the majority of reports have beat expectations, those that have not appear to control the direction of the market. Dare we say it but is the long expected correction here and upon us? Who knows. One thing we can say with some certainty is that it's been a poor week, the indexes are down, and today is shaping up to be more of the same. The good thing is we are into the weekend and we get time to relax and recharge.
CNN: Stocks braced for another day in the red
At 8:25 a.m. ET futures are moderately down and the price of oil per barrel is down. The market is poised to open lower.
Investors have not been pleased with fourth quarter corporate reports. Even though the majority of reports have beat expectations, those that have not appear to control the direction of the market. Dare we say it but is the long expected correction here and upon us? Who knows. One thing we can say with some certainty is that it's been a poor week, the indexes are down, and today is shaping up to be more of the same. The good thing is we are into the weekend and we get time to relax and recharge.
CNN: Stocks braced for another day in the red
102 S&P 5000 companies have reported fourth-quarter results, with only 66 beating analysts' estimates...Of the remainder, 26 have missed, and 10 have met expectations.
Thursday, January 23, 2014
The Daily Show - Virginian Hustle
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DOW Lower At Noon
In the noon hour the DOW is at 16,190.57 dropping 182.77 points.
CNN: Dow falls 160 points on earnings fears
CNN: Dow falls 160 points on earnings fears
-37F
Congrats to NY State, yesterday Watertown NY reached -37 degrees F making it the coldest place on mainland USA.
Syracuse.com: Watertown is the coldest place on U.S. mainland today
Syracuse.com: Watertown is the coldest place on U.S. mainland today
The Market On Thursday
Good morning. It is 2 degrees and overcast here in Upstate NY. It's looking pretty cold and gray out there. Ice crystalline patterns have formed on the windows, a sure sign of frigid temperatures and the 10 day forecast shows only a modest change if any. Time to hunker down, dress warmly, personally I prefer to hibernate. I had to walk into town last night for an appointment with the chiropractor. I must of had on at least 9 layers of clothing including the mandatory face mask. It did work it kept me warm. This is also the time when you get the water pipe freezes and all the mess that entails. One simple trick to avoid that especially if you live in a not so well insulated or pipe location designed house is to leave at least a small drip of cold water running on one faucet in the house. With the water moving, there is at least a minor reason for it to not freeze.
At 8:25 a.m. ET DOW futures are moderately lower and the price of oil per barrel is up. The market is poised to open lower.
So far investors have not found the right amount of fourth quarter corporate profitability to justify further gains in the recent bull market. On the other hand, it's still too early to make an overall generalization, this could and probably will change. Investors will also get a look at some economic news on employment and home sales so it could be a hopping day. Don't be surprised if we get another day of losses.
CNN: Stocks: Dow poised for more losses
At 8:25 a.m. ET DOW futures are moderately lower and the price of oil per barrel is up. The market is poised to open lower.
So far investors have not found the right amount of fourth quarter corporate profitability to justify further gains in the recent bull market. On the other hand, it's still too early to make an overall generalization, this could and probably will change. Investors will also get a look at some economic news on employment and home sales so it could be a hopping day. Don't be surprised if we get another day of losses.
CNN: Stocks: Dow poised for more losses
After last year's big rally, investors are looking for signs the economy will be strong enough to keep the bull market going.
Asian markets notched sharp falls following a disappointing report on manufacturing activity in China.
Wednesday, January 22, 2014
The Daily Show - 2014 Sochi Homophobic Olympics
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DOW Lower At Noon
In the noon hour the DOW is at 16,377.58 down 36.86 points.
Reuters: U.S. stocks slip on weak earnings; sterling shines
Reuters: U.S. stocks slip on weak earnings; sterling shines
GOP Vs Christie
One thing the GOP does very well is eat it's own. Christie's political blood is in the water and the battle is under way in the GOP over Christie's power. These guys want it for themselves. Christie is at war on two fronts, the Democrats who want him out, knocked down a peg, or maybe who want to find him criminally negligent, and Christie is at war with the GOP politicos who simply want his power for themselves and these guys smell an opening.
NJ.com: Chris Christie should resign as RGA chair, former Virginia attorney general says
NJ.com: Chris Christie should resign as RGA chair, former Virginia attorney general says
The Market On Wednesday
Good morning. It is -6 degrees and sunny here in Upstate NY. It is dangerously cold out there so bundle up and please stay warm. We will take the cold in exchange for the fact that we have completely missed the snowstorm that has blanketed directly south of us and all over the Northeast. In fact at the moment I would say there's only a 10% covering of snow here and there, most lawns are browned out grass now frozen solid. I purposefully turned on Rachel Maddow last night because I'm so into her coverage of Christie. Unfortunately she went into in-depth coverage of the other hot GOP scandal with Virginia's former governor under indictment. Bob McDonnell really knew how to milk his position of power. The material bribes and such that he accepted, err allegedly accepted, are ridiculous. I'm betting he goes off to prison.
At 8:25 a.m. ET futures are slightly lower and the price of oil per barrel is down. The market is poised to open in the mixed area.
Investors have been underwhelmed by corporate earnings reported so far. The DOW has dropped some and it is the continued reviewing of fourth quarter corporate earnings reports that will move the market today and into the near future. Still the prediction for overall corporate growth is slightly optimistic.
CNN: Stocks: Uneasy investors eye earnings
At 8:25 a.m. ET futures are slightly lower and the price of oil per barrel is down. The market is poised to open in the mixed area.
Investors have been underwhelmed by corporate earnings reported so far. The DOW has dropped some and it is the continued reviewing of fourth quarter corporate earnings reports that will move the market today and into the near future. Still the prediction for overall corporate growth is slightly optimistic.
CNN: Stocks: Uneasy investors eye earnings
...corporate earnings remain in focus.
Overall, earnings are expected to be up 5.9% in the fourth quarter for the companies in the S&P 500, according to FactSet Research.
Tuesday, January 21, 2014
Tanking in 2014
Two years is a long long time in politics and the collective American memory span is far far less than two years.
NBC News: Bridge scandal takes toll on Chris Christie 2016 polling
NBC News: Bridge scandal takes toll on Chris Christie 2016 polling
The Daily Show - Watchman
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The Market On Tuesday
Good morning. It is 7 degrees and overcast here in Upstate NY. We are back to frigid temperatures, Winter is back with a vengeance. The long range forecast is not very optimistic either with the temperature pattern remaining for a while. I've been very interested in following Bridgegate and now Hobokengate. It's a remarkable study because it's pealing back the presentation layers of Christie's administration and revealing it's ugly inner child. At this point what we have is a lot of speculation from the media and a lot of defense from Christie's inner circle. It will be the results of the investigation that will present the facts meanwhile there is a battle underway to attempt to sway public opinion. We are innocent until proven guilty, yet Christie is allegedly taking hits in the opinion polls.
At 8:30 a.m. ET DOW futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.
We are in the corporate report earnings period and this morning there is a wave of optimism pushing the indexes. Investors expect to see profitability in this year and equities are expected to remain fluffy. Meanwhile Main Street is weighed down by poor job growth, poor jobs, burdensome medical expenses, poor retirement funding, miserly minimum wages, and all sorts of social distress in the form of miserable and overly expensive food, crappy cars, and politically induced traffic jams.
CNN: Investors upbeat with earnings in view
At 8:30 a.m. ET DOW futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.
We are in the corporate report earnings period and this morning there is a wave of optimism pushing the indexes. Investors expect to see profitability in this year and equities are expected to remain fluffy. Meanwhile Main Street is weighed down by poor job growth, poor jobs, burdensome medical expenses, poor retirement funding, miserly minimum wages, and all sorts of social distress in the form of miserable and overly expensive food, crappy cars, and politically induced traffic jams.
CNN: Investors upbeat with earnings in view
This year is expected to be another good year for stocks, but perhaps not as strong as 2013.
Monday, January 20, 2014
No Market On Monday
The stock market along with the entire nation is observing Martin Luther King Jr. Day.
Sunday, January 19, 2014
Christie
I have to admit I'm fascinated with all things Christie as he wades into the shark waters of his own creation. There's a little blood in the water and the scent and taste are attracting major attention.
NYT: G.O.P. Advice for Christie: Pick a Better Team
NYT: G.O.P. Advice for Christie: Pick a Better Team
Cuomo's 'Controversial' Statement
What's the big deal. Conservatives in political office have gone on for decades about liberals etc etc. It's humorous to me to see conservatives get upset by something they do all day long. If you can't take what you give, then get out of the kitchen.
Global Warming - Where?
NYT: ‘Neglected Topic’ Winner: Climate Change
...(Americans are) much more likely to believe that...aliens have visited Earth (77 percent) than that humans are causing climate change (44 percent).
Voices From The Echo Chamber
AlterNet:
10 of the Nuttiest, Nastiest Right-Wing Statements This Week - Republican lawmakers, Fox News idiots and David Brooks outdid themselves this week.
2. David Brooks: Poverty is not an economic problem.
Saturday, January 18, 2014
Good Night
How to be a Poet (to remind myself) by Wendell Berry
Make a place to sit down.
Sit down. Be quiet.
You must depend upon
affection, reading, knowledge,
skill-more of each
than you have-inspiration
work, growing older, patience,
for patience joins time
to eternity…
Breathe with unconditional breath
the unconditioned air.
Shun electric wire.
Communicate slowly. Live
a three-dimensional life;
stay away from screens.
Stay away from anything
that obscures the place it is in.
There are no unsacred places;
there are only sacred places
and desecrated places.
Accept what comes from silence.
Make the best you can of it.
Of the little words that come
out of the silence, like prayers
prayed back to the one who prays,
make a poem that does not disturb
the silence from which it came.
Steve Kornacki - Mayor: I Was Told To Expedite Project To Get More Sandy Aid
This is the comment section on the article related to the above Kornacki report on Christie in the Washington Post - WaPo comments
Friday, January 17, 2014
Good Night
'Into The Cave Of Wonders'
Into the Cave of Wonders [4k HDR short documentary] from LovetheFrame on Vimeo.
DOW Closes Higher
The DOW closed at 16,458.56 gaining 41.55 points.
CNN: California fights wildfire, expects more as drought emergency declared
CNN: California fights wildfire, expects more as drought emergency declared
DOW Higher At Noon
In the noon hour the DOW is at 16,484.12 up 67.11 points.
CNN: 850,000 may have $90 less in food stamps
CNN: 850,000 may have $90 less in food stamps
The Market On Friday
Good morning. It is 25 degrees and cloudy here in Upstate NY. The warmer period, and by that I mean temperatures in the high 30s and 40s is predicted to continue through the weekend, then it's back to freezing. Hey it's winter, but so far definitely another unusual one. We see that Christie is lawyering up to meet his Bridgegate inquisitors. It's like the sides are ready to do battle and are now bringing in supplies and fortifications with the battle about to begin. I don't think Christie gets out of it unscathed. Minimum he gets a strong finger shaken in his face along with a stern warning.
At 8:30 a.m. ET DOW futures are modestly higher and the price of oil per barrel is up. the market is poised to open higher.
According to the article, corporate fourth quarter results have been mixed and so the market has been up and down this week. Regardless the DOW is in a fluffy position perched over 16,000. It's a wait and see situation with investors reacting to the parsed reports as they come through and eventually all will settle down on a clearer dynamic trend. I seem to recall the predictions that 2014 would continue with modest growth. So far this is true.
CNN: Stocks: Indecision reigns!
At 8:30 a.m. ET DOW futures are modestly higher and the price of oil per barrel is up. the market is poised to open higher.
According to the article, corporate fourth quarter results have been mixed and so the market has been up and down this week. Regardless the DOW is in a fluffy position perched over 16,000. It's a wait and see situation with investors reacting to the parsed reports as they come through and eventually all will settle down on a clearer dynamic trend. I seem to recall the predictions that 2014 would continue with modest growth. So far this is true.
CNN: Stocks: Indecision reigns!
Intel shares sank in after-hours trading Thursday following quarterly earnings that missed expectations.
Thursday, January 16, 2014
DOW Closes Lower
The DOW closed at 16,417.01 dropping 64.93 points.
CNN: Lew: Debt ceiling crunch to come sooner than thought
CNN: Lew: Debt ceiling crunch to come sooner than thought
DOW Lower At Noon
In the noon hour the DOW is at 16,406.32 down 75.62 points.
CNN: Bad corporate news sends stocks lower
CNN: Bad corporate news sends stocks lower
The Market On Thursday
Good morning. It is 30 degrees and lightly snowing here in Upstate NY. We got a dusting of snow overnight and for the time being everything is back to white. The weather logos predict it will get warmer and sunnier. We shall see. I thought it was interesting that a new poll shows Hillary extending her lead over Christie in light of Bridgegate. Without perusing the details I would suspect that this is about a shift in the thinking of the independent voters. It will be fascinating to see how Christie skates through his self created mess.
At 8:30 a.m. DOW futures are slightly lower and the price of oil per barrel is up. The market is poised to open flat.
Investors are parsing their way through fourth quarter reports. That's probably the main thrust of the market at the moment although significant economic reports will also be a factor. Today they get numbers on inflation and that has been remarkably low and consistent. This is connected to quantitative easing which is designed to ease credit and thereby stimulate economic activity, and it's also due to the very low Federal Reserve Interest Rate.
CNN: Stocks: Earnings wave rolls on
At 8:30 a.m. DOW futures are slightly lower and the price of oil per barrel is up. The market is poised to open flat.
Investors are parsing their way through fourth quarter reports. That's probably the main thrust of the market at the moment although significant economic reports will also be a factor. Today they get numbers on inflation and that has been remarkably low and consistent. This is connected to quantitative easing which is designed to ease credit and thereby stimulate economic activity, and it's also due to the very low Federal Reserve Interest Rate.
CNN: Stocks: Earnings wave rolls on
...investors wait for more reports before making any bold moves.
J.C. Penney...announced plans to eliminate 2,000 jobs and close 33 stores.
Pema's Advice
"Ultimately all the practices I have mentioned are simply ways we can go about dissolving these barriers. Whether it’s learning to be present through sitting meditation, acknowledging shenpa, or practicing patience, these are methods for dissolving the protective walls that we automatically put up.
When we’re putting up the barriers and the sense of “me” as separate from “you” gets stronger, right there in the midst of difficulty and pain, the whole thing could turn around simply by not erecting barriers; simply by staying open to the difficulty, to the feelings that you’re going through; simply by not talking to ourselves about what’s happening. That is a revolutionary step. Becoming intimate with pain is the key to changing at the core of our being—staying open to everything we experience, letting the sharpness of difficult times pierce us to the heart, letting these times open us, humble us, and make us wiser and more brave." - Pema Chodron.
Wednesday, January 15, 2014
Breathe
I'm a big fan of deep breathing techniques for better all around health and well being. It's not hard and it really works, it's just basic human physiology.
Amazon: The Healing Power of the Breath: Simple Techniques to Reduce Stress and Anxiety, Enhance Concentration, and Balance Your Emotions
Amazon: The Healing Power of the Breath: Simple Techniques to Reduce Stress and Anxiety, Enhance Concentration, and Balance Your Emotions
The Daily Show - Bridgegate
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The Market On Wednesday
Good morning. It is 32 degrees and cloudy here in Upstate NY. Temperatures in the 40s are the present trend but as always we are experiencing a lot of gray. It gets gray outside through the winter in this area, a day of sunshine is always very welcome. Maybe we'll get one sometime soon.
At 8:15 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.
On Monday we read that there was deep concern about the quality of fourth quarter earnings reports and the market went through a strong sell off. Today the articles point to optimism concerning fourth quarter reports based on data from a few TBTF banks released on Tuesday. So, right now the emotion is positive and emotion carries a lot of sway. We could see more of this see saw or not, it's impossible to predict as the market reacts literally moment to moment over these reports.
CNN: Stocks: Optimistic after see-saw moves
At 8:15 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.
On Monday we read that there was deep concern about the quality of fourth quarter earnings reports and the market went through a strong sell off. Today the articles point to optimism concerning fourth quarter reports based on data from a few TBTF banks released on Tuesday. So, right now the emotion is positive and emotion carries a lot of sway. We could see more of this see saw or not, it's impossible to predict as the market reacts literally moment to moment over these reports.
CNN: Stocks: Optimistic after see-saw moves
...JPMorgan and Wells Fargo posted solid earnings figures Tuesday.
Asian markets mostly closed the day with gains...
Tuesday, January 14, 2014
Obesity In Mississippi
Guardian UK:
One-third of Mississippi population will have diabetes by 2030, doctor warns.
-Obesity rate in southern state dire at more than 34%
-One in five Mississippi residents are without health insurance
-Warning that healthcare costs could cripple state's economy
The Daily Show - Coal Miner's Water
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DOW Higher At Noon
In the noon hour the DOW is at 16,343.29 up 85.35 points.
CNN: Stocks rebound as investors cheer banks
CNN: Stocks rebound as investors cheer banks
On Confidence
Kindness in words creates confidence. Kindness in thinking creates profoundness. Kindness in giving creates love. Lao Tzu
If you have no confidence in self, you are twice defeated in the race of life. Marcus Garvey
The man of genius inspires us with a boundless confidence in our own powers. Ralph Waldo Emerson
The most fundamental aggression to ourselves, the most fundamental harm we can do to ourselves, is to remain ignorant by not having the courage and the respect to look at ourselves honestly and gently. Pema Chödrön
The Market On Tuesday
Good morning. It is 46 degrees and lightly raining here in Upstate NY. We are having a snap in the super cold of January. The lawns are looking more and more clear of snow in my neighborhood, most are 98% snow free. It's just the big piles at the end of driveways that remain. I have not heard Maddow's take on Christie-gate and I'm looking forward to that this afternoon. There's a Democratic charge to go after Christie, can he withstand the political battle or will he become it's casualty. I suspect most people think he's right in the center of it, that it's all about his decisions not some underlings.
At 8:25 a.m. ET DOW futures are modestly up and the price of oil per barrel is up. The market is poised to open slightly higher.
Investors are wondering if they can justify further gains with the upcoming slew of corporate fourth quarter reports coming their way. Nothing new here really this is pretty much how it always is at the beginning of earnings report season. However some of the fears come from preliminary talk. So, let's see what happens. Personally I believe that Wall Street and Main Street are partly disconnected as it were. Ordinary people have not advanced their incomes through this long ongoing bull market. However I don't believe the opposite is true. That would be that Main Street remains disconnected from Wall Street when the market turns down. Main Street might not gain in a bull market but it definitely loses in a bear market.
CNN: Stocks look to regain footing
At 8:25 a.m. ET DOW futures are modestly up and the price of oil per barrel is up. The market is poised to open slightly higher.
Investors are wondering if they can justify further gains with the upcoming slew of corporate fourth quarter reports coming their way. Nothing new here really this is pretty much how it always is at the beginning of earnings report season. However some of the fears come from preliminary talk. So, let's see what happens. Personally I believe that Wall Street and Main Street are partly disconnected as it were. Ordinary people have not advanced their incomes through this long ongoing bull market. However I don't believe the opposite is true. That would be that Main Street remains disconnected from Wall Street when the market turns down. Main Street might not gain in a bull market but it definitely loses in a bear market.
CNN: Stocks look to regain footing
Investors have been nervous that corporate earnings may not be strong enough to justify higher stock prices.
...a slew of quarterly earnings announcements over the coming weeks.
Pema's Advice
"It can ... be helpful to shift our focus and look at how we put up barriers. In these moments we can observe how we withdraw and become self-absorbed. We become dry, sour, afraid; we crumble, or harden out of fear that more pain is coming. In some old familiar way, we automatically erect a protective shield and our self-centeredness intensifies.
But this is the very same moment when we could do something different. Right on the spot, through practice, we can get very familiar with the barriers that we put up around our hearts and around our whole being. We can become intimate with just how we hide out, doze off, freeze up. And that intimacy, coming to know these barriers so well, is what begins to dismantle them. Amazingly, when we give them our full attention they start to fall apart." - Pema Chodron.
Monday, January 13, 2014
Piling On
Rachel Maddow will have a field day tonight.
Chicago Tribune: Gov. Christie faces federal probe over Sandy relief funds
Chicago Tribune: Gov. Christie faces federal probe over Sandy relief funds
DOW Lower At Noon
In the noon hour the DOW is at 16,375.03 down 62.02 points.
Take the following article with a grain of salt. Nobody can predict the market.
CNN: The dim future for stock prices
Take the following article with a grain of salt. Nobody can predict the market.
CNN: The dim future for stock prices
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