Wednesday, April 30, 2014
The Market On Wednesday
Good morning. It is 41 degrees and overcast here in Upstate NY. The forecast is predicting rain right through to Monday. I hope not as I'm performing outdoors on Sunday - maybe not. Regardless it's nice to see the leaves starting to return to the trees. The barren quality is about to lift until the end of October, so hurray for that.
At 8:45 a.m. ET futures are slightly higher and the price of oil per barrel is down. The market is poised to open flat except...
I just read this - "U.S. government says economy grew at a 0.1% annual rate in first three months of 2014, much worse than expected." Yeah, that will throw a wrench in the day. Add to that an expected announcement from the Fed that there will be a further abatement to quantitative easing and man oh man the day could sour really fast. But, stranger things have happened.
CNN: Stocks: Focus switches to Fed, economy
At 8:45 a.m. ET futures are slightly higher and the price of oil per barrel is down. The market is poised to open flat except...
I just read this - "U.S. government says economy grew at a 0.1% annual rate in first three months of 2014, much worse than expected." Yeah, that will throw a wrench in the day. Add to that an expected announcement from the Fed that there will be a further abatement to quantitative easing and man oh man the day could sour really fast. But, stranger things have happened.
CNN: Stocks: Focus switches to Fed, economy
The Fed wraps up a two-day policy meeting with a decision on interest rates at 2 p.m. ET. The central bank is expected to reduce its asset purchases by another $10 billion.
...the Bureau of Economic Analysis releases (released) its initial estimate of first quarter U.S. GDP at 8:30 a.m. ET.
Tuesday, April 29, 2014
TRNN - Global Warming Theory Based On Evidence, Not A Belief - Alan Robock On RAI
Paul Jay begins his series of interviews with Alan Robock. In this segment he gets into Robock's background only.
Christie Watch
The article evokes a less than appealing image...
NJ.com: Chris Christie gets a spanking via Colorado: Moran
NJ.com: Chris Christie gets a spanking via Colorado: Moran
The Market On Tuesday
Good morning. It is 47 degrees and overcast here in Upstate NY. The logos are calling for rain the rest of the week starting sometime today. The headlines this morning are distressing with tornadoes through the center of the country and a multiple shooting incident down in Georgia. There are of course multiple shootings occurring more frequently or should we say regularly and why some rise to the level of national news over others evades me. We are an armed nation and that will continue to escalate as there is nothing in the pipe to abate it only things to encourage it.
At 8:50 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.
The indexes have been losing ground over the last month. The article suggests that the last few days of April could be a turning point. As no one can predict the direction of the market, it's as good a guess as any. Meanwhile first quarter corporate reports are the main order of business. The reports have been vying with the Russia-Ukraine crisis in a negative feedback cycle. I'm not sure much is going on to relieve pressure from this relationship other than diplomatic gestures AKA sanctions on Russia.
CNN: Stocks: Emerging from a month-long funk?
At 8:50 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.
The indexes have been losing ground over the last month. The article suggests that the last few days of April could be a turning point. As no one can predict the direction of the market, it's as good a guess as any. Meanwhile first quarter corporate reports are the main order of business. The reports have been vying with the Russia-Ukraine crisis in a negative feedback cycle. I'm not sure much is going on to relieve pressure from this relationship other than diplomatic gestures AKA sanctions on Russia.
CNN: Stocks: Emerging from a month-long funk?
Earnings continue to dominate Tuesday's agenda.
In economic news, the S&P/Case-Shiller home price index will be published at 9 a.m. ET. The Conference Board will publish its consumer confidence index at 10 a.m. ET.
Monday, April 28, 2014
'Don John'
trailer - 2 and 1/2 stars - Sande, surprisingly good film, written and directed by Joseph Gordon-Levitt who also stars. The man is a real, strong talent. I would have liked to see the development of the movie towards the final understanding to move a little bit quicker. Then it gets more stars. On the other hand one gets a very strong sense of the motivation behind the main character just as it is.
The Market On Monday
Good morning. It is 47 degrees and mostly sunny here in Upstate NY. According to the weather forecast we are in for a long period of rain. On the bright side, we are starting to see the beginning of trees coming to life. The crab apples in my backyard are well into getting their beautiful early leaves and there is more green everywhere in general. It still seems a bit cool. We have not put our winter coats away just yet.
At 8:40 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.
The market has been slightly rattled by world events especially in the last week. Today the focus is on talk of a few major potential acquisitions. That's a big deal, literally and figuratively. We will see if it's enough to keep things in the green today.
CNN: Stocks: Deal talk gives an early boost
At 8:40 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.
The market has been slightly rattled by world events especially in the last week. Today the focus is on talk of a few major potential acquisitions. That's a big deal, literally and figuratively. We will see if it's enough to keep things in the green today.
CNN: Stocks: Deal talk gives an early boost
"Pfizer has laid its cards on the table in a bid for pharma titan AstraZeneca..."
Both General Electric and Germany's Siemens are reportedly looking to buy the power divisions of France's Alstom...
Sunday, April 27, 2014
Nostalgia
Ah to be young again - a photo of yours truly in the younger years circa 1980 and playing in a rock band. Hint - I'm one of these guys...
Global Warming - New Metrics And FOX
MIT: How to count methane emissions - Study provides new metric for comparing the greenhouse gases methane and carbon dioxide.
And to be "fair and balanced" - This one from FOX, I would encourage you to read the user comments. This is America.
FOX: Former NASA Scientist - Global Warming Is Nonsense
And to be "fair and balanced" - This one from FOX, I would encourage you to read the user comments. This is America.
FOX: Former NASA Scientist - Global Warming Is Nonsense
lol..global warming, the coming ice age, carbon foot prints..all hilarious..makes me smile every time I read about it.
...you're just another mindless little obamabot. 97% or the scientists in the world DISAGREE with the whole "global warming myth"!! It's just a few who are trying to convince the world that the 97% don't know what they're talking about..........if not, then why did East Anglica University lie in their supposed "data"??? It's because global warming IS a LIE!!
Saturday, April 26, 2014
Are You Serious?
If you watched Jon Stewart and Colbert on Thursday night (the shows are posted below if you have not) they literally ripped Hannity to shreds. I don't think I've ever seen anyone made out to be such a complete utter fool and clown on TV. Hannity must be livid. However, this will hardly dent Hannity's TV conservative persona. He's here to stay. Hannity is not mortally wounded by it in the least, in my opinion, and nothing would feel better than if I were utterly wrong here. I mean if the guy dropped off the planet, so what, there's more where he came from.
AlterNet: Fox News’ New Laughingstock: Cliven Bundy — and Stephen Colbert — Will Destroy Sean Hannity - Is Sean Hannity done?
AlterNet: Fox News’ New Laughingstock: Cliven Bundy — and Stephen Colbert — Will Destroy Sean Hannity - Is Sean Hannity done?
Sanctions
Yesterday we read that Russia is Germany's largest trading partner. Me thinks this sanctions business is a smoke screen. You don't shut down Germany's economy once ranked the 5th largest in the world and the backbone of the EU over a little scuffle. But hey, what do I know...
Reuters: Group of Seven agrees swift sanctions against Kremlin over Ukraine
Reuters: Group of Seven agrees swift sanctions against Kremlin over Ukraine
Saturday
We have a very cool rainy morning here on Saturday. Last night we watched 'Now You See Me'- eh. It was entertaining and I guess if I was 18 years old I might be enticed into wishing I had their amazing powers of magic. The message of the movie was, you're in goods hands when you're with extraordinary magicians - they've really got your interests at heart. Unfortunately the rain takes away some of the plans for the weekend, mostly yard work. I may be forced to sit and watch the NBA playoffs.
Friday, April 25, 2014
Global Warming - The Drought And The Frigid Winter
Readers of this blog are already aware of this study, but it appears the story has gained a little traction so let's repost it.
US News And Science: Study connects man-made global warming to ongoing California drought, winter's polar vortex
US News And Science: Study connects man-made global warming to ongoing California drought, winter's polar vortex
The Market On Friday
Good morning. It is a chilly 40 degrees and sunny here in Upstate NY. We are still feeling the long drawn out effects of a harsh winter. Yesterday was windy and cool. Hey, it's the weekend. We can all settle into a communal sense of relaxing and resting.
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.
The first quarter corporate reports continue to come in but it is world events that are rattling the market this morning. It looks like we're having an escalation in the Ukraine-Russia mess. Great. What can we say, we are a warring species. We have not figured out that killing off the enemy especially in a resource grab/political duel is similar to cutting off one's own hand. We like to have enemies as an object of our highly evolved though often not useful anger.
CNN: Stocks hit by unease over Ukraine
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.
The first quarter corporate reports continue to come in but it is world events that are rattling the market this morning. It looks like we're having an escalation in the Ukraine-Russia mess. Great. What can we say, we are a warring species. We have not figured out that killing off the enemy especially in a resource grab/political duel is similar to cutting off one's own hand. We like to have enemies as an object of our highly evolved though often not useful anger.
CNN: Stocks hit by unease over Ukraine
Germany is Russia's largest trading partner in Europe. New sanctions would hurt both economies.
Tensions in Ukraine escalated sharply Thursday, with Russia embarking on new military drills near the border after Ukrainian forces said they killed five pro-Russian militants within their borders.
Thursday, April 24, 2014
The Market On Thursday
Good morning. It is a chilly 39 degrees and sunny here in Upstate NY. The warm temperatures are taking their time making an appearance in these parts. According to a NASA report we read last week, this is the result of man-made global warming. The East is remaining extra cold and the West is into a drought and heat. I would suspect that most people around here have not put away the winter coats just yet. Last night I was out for a walk with the winter cap and gloves on.
At 8:40 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.
I'm reading that jobless claims rose to 329,000 in the last week so that might put a little brake on things. Otherwise it's clear sailing. Darling Apple has produced a better than expected earnings report, plus the company is raising it's dividend and they are doing a 7 for 1 split of their stock to bring the $500 per share price down. Tech is doing nicely and so is today's opening. Bottom line - we all could have been rich if we bought shares of Apple at the pit of the recession when it was below $100 a share. We could have more than quintupled our investment.
CNN: Stocks: Buoyed by Apple, Facebook (but not GM)
At 8:40 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.
I'm reading that jobless claims rose to 329,000 in the last week so that might put a little brake on things. Otherwise it's clear sailing. Darling Apple has produced a better than expected earnings report, plus the company is raising it's dividend and they are doing a 7 for 1 split of their stock to bring the $500 per share price down. Tech is doing nicely and so is today's opening. Bottom line - we all could have been rich if we bought shares of Apple at the pit of the recession when it was below $100 a share. We could have more than quintupled our investment.
CNN: Stocks: Buoyed by Apple, Facebook (but not GM)
Apple shares rallied after the company said it was expanding its stock buyback program and increasing its dividend, while reporting quarterly results that beat expectations.
Wednesday, April 23, 2014
Global Warming - The Clueless
The Hill: Poll: 1 in 4 skeptical of global warming
The majority of skeptics are 50 years or older and tend to identify as Republican.
The Market On Wednesday
Good morning. It is 43 degrees and rainy here in Upstate NY. Looks like the rain continues through the day. One thing we can say for this present time is that Upstate NY has plenty of water. As global warming intensifies and alters the weather patterns and temperatures around the globe, this area might sneak by on the issue of water. Water of course will become the critical substance over which many people will experience great suffering. This is already occurring.
At 8:30 a.m. ET futures are flat and the price of oil per barrel is down. The market is poisd to open in the flat to lower area.
Investors will continue to see a bevy of first quarter corporate reports and today the emphasis is on tech corporations. Tuesday was a day of gains and so far reports have been good enough to keep the DOW in a lofty area. Business is good, better than anticipated.
CNN: Stocks: Waiting for big tech earnings
At 8:30 a.m. ET futures are flat and the price of oil per barrel is down. The market is poisd to open in the flat to lower area.
Investors will continue to see a bevy of first quarter corporate reports and today the emphasis is on tech corporations. Tuesday was a day of gains and so far reports have been good enough to keep the DOW in a lofty area. Business is good, better than anticipated.
CNN: Stocks: Waiting for big tech earnings
In economic news, the Census Bureau will release new home sales numbers from March at 10 a.m. ET.
Tuesday, April 22, 2014
The Market On Tuesday
Good morning. It is 54 degrees and overcast here in Upstate NY. I am seeing more of the early Spring yellow blooms now, the forsythia is out. There's still a lot of brown in the landscape and that will stay until we start getting some of the tree leaves. It's coming, that beautiful green lush part of year. We earned it this year.
At 8:30 a.m. ET futures are flat and the price of oil per barrel is down. The market is poised to open in the flat area.
Investors will be parsing lots of first quarter corporate reports today with an added emphasis on Big Pharma - better living through chemistry. So far the DOW is remaining fluffy and buoyant, equities are still strong. On a simple sort of calculation, someone who had properly invested $10 in stocks at the bottom of the recession would now have roughly $40. That's quite a gain over a 5 to 6 year period of time. On the other hand with the market presently at an all time high, one wonders how that investment would turn out if made now and that's why there are financial advisers out there to help sort that through.
CNN: Stocks: Pharma, earnings in the spotlight
At 8:30 a.m. ET futures are flat and the price of oil per barrel is down. The market is poised to open in the flat area.
Investors will be parsing lots of first quarter corporate reports today with an added emphasis on Big Pharma - better living through chemistry. So far the DOW is remaining fluffy and buoyant, equities are still strong. On a simple sort of calculation, someone who had properly invested $10 in stocks at the bottom of the recession would now have roughly $40. That's quite a gain over a 5 to 6 year period of time. On the other hand with the market presently at an all time high, one wonders how that investment would turn out if made now and that's why there are financial advisers out there to help sort that through.
CNN: Stocks: Pharma, earnings in the spotlight
Wall Street has a big day of company results.
On the economic front, existing home sales numbers from March will come out at 10 a.m. ET.
Monday, April 21, 2014
The Market On Monday
Good morning. It is 44 degrees and sunny with clouds here in Upstate NY. The forecast has it going into the 60s later, a rather nice day. I hope you had an excellent holiday weekend. Many people gather the family together for the holidays. We had a restful and peaceful time. I indulged in one of my favorite foods, that would be ravioli. I rarely eat raviolis so why not on a holiday. They were delicious.
At 8:30 a.m. ET futures are slightly higher and the price of oil per barrel is down. The market is poised to open higher though some energy stocks might lag.
We are heading full bore into the heart of the first quarter earnings season. This is the telling week. So far the indexes have remained buoyant in the face of some results that fell short of what was desired. By Friday most of the weighty cards will be on the table and one suspects that any possible correction will become more apparent. On the other hand, we could be in for more gains too.
CNN: Stocks: Chipper after the long weekend
At 8:30 a.m. ET futures are slightly higher and the price of oil per barrel is down. The market is poised to open higher though some energy stocks might lag.
We are heading full bore into the heart of the first quarter earnings season. This is the telling week. So far the indexes have remained buoyant in the face of some results that fell short of what was desired. By Friday most of the weighty cards will be on the table and one suspects that any possible correction will become more apparent. On the other hand, we could be in for more gains too.
CNN: Stocks: Chipper after the long weekend
All the major European markets were closed Monday for the Easter holiday.
Sunday, April 20, 2014
Brink
Curious right wing film from 1972 with the message that college activism is putting us on "The Brink Of Disaster."
Happy Easter
I'm going to celebrate the day by taking a break from the news. Enjoy your Easter and I'll see you on Monday.
On Peace
Nobody can bring you peace but yourself. -Ralph Waldo Emerson
The real and lasting victories are those of peace, and not of war. -Ralph Waldo Emerson
I have decided to stick with love. Hate is too great a burden to bear. -Martin Luther King, Jr.
Saturday, April 19, 2014
'Particle'
My latest music video. If you ever want to work and play with public domain film, check out the Prelinger Archives.
The Drought
CBS News: Farmers in drought-stricken California get some good news
The Department of Water Resources said it is increasing water allotments from the State Water Project from zero to 5 percent of what water districts have requested.
Friday, April 18, 2014
Gabriel García Márquez Dies
'One Hundred Years Of Solitude' is one of my favorite books. I loved this man's work.
Guardian UK: Gabriel García Márquez, Nobel laureate writer, dies aged 87 - Colombian author became standard-bearer for Latin American letters after success of One Hundred Years of Solitude
Guardian UK: Gabriel García Márquez, Nobel laureate writer, dies aged 87 - Colombian author became standard-bearer for Latin American letters after success of One Hundred Years of Solitude
Thursday, April 17, 2014
The Drought
This week a NASA funded report showed how man made climate change has created the problem of the California drought. The drought will reduce California's ability to produce food. The price of food especially fruit and vegetables is going up as a result. The policy to reduce carbon emissions that cause climate change is going nowhere. Do we see the cycle here?
Arizona Republic: California drought to push produce prices higher
Arizona Republic: California drought to push produce prices higher
Global Warming - More On The IPCC Report
The Economist: Another week, another report - Options for limiting climate change are narrowing
At this rate, the report says, the world will pass a 2°C temperature rise by 2030 and the increase will reach 3.7-4.8°C by 2100, a level at which damage, in the form of inundated coastal cities, lost species and crop failures, becomes catastrophic.
The Market On Thursday
Good morning. It is 31 degrees and mostly sunny here in Upstate NY. The forecast has the temperature once again rising into the 50s and beyond in the upcoming week. The cold snap is passing and the remnants of the early spring snowfall is practically completely gone. Now the grass can get back to the work of getting greener and the first blooms of spring can occur. Get ready for more light yellow, white, and purple blossoms.
At 8:40 a.m. ET futures are slightly higher and the price of oil per barrel is slightly up too. The market is poised to open higher.
The good news of the morning is the weekly first time layoffs number, 304,000. It's still at pre-recession levels or close to it and that's a real improvement. Otherwise the tech firms are continuing to show distress. All in all, the week has been mostly in the green. This morning appears to be set to open well too.
CNN: Stocks: Caution returns as tech stumbles
At 8:40 a.m. ET futures are slightly higher and the price of oil per barrel is slightly up too. The market is poised to open higher.
The good news of the morning is the weekly first time layoffs number, 304,000. It's still at pre-recession levels or close to it and that's a real improvement. Otherwise the tech firms are continuing to show distress. All in all, the week has been mostly in the green. This morning appears to be set to open well too.
CNN: Stocks: Caution returns as tech stumbles
...Google and IBM posted earnings that disappointed Wall Street.
Rising tensions in eastern Ukraine were adding to the unsettled tone.
Wednesday, April 16, 2014
The Drought
Think Progress: Bombshell: Study Ties Epic California Drought, ‘Frigid East’ To Manmade Climate Change
The research provides “evidence connecting the amplified wind patterns, consisting of a strong high pressure in the West and a deep low pressure in the East [labeled a 'dipole'], to global warming.” Researchers have “uncovered evidence that can trace the amplification of the dipole to human influences.”
The Market On Wednesday
Good morning. It is 28 degrees and sunny here in Upstate NY. Yes we are having one of those fine bright sunny mornings the day after it snows. Yes we have a few inches of time released water or as some people call it, snow, out there. Call it what it is an early spring fluke. Fortunately the roads have absorbed enough heat and are perfectly fine. The forecast is predicting temperatures in the 50s and above starting tomorrow.
At 8:30 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
The morning's spate of first quarter reports have been positive. That along with some good news out of China is pushing futures into positive territory. So far earnings season has been rather jumpy but for the time being, this morning, it's jumping up. Is it a one day thing or a trend? Speculation on the market is almost pointless unless you're into gambling.
CNN: Stocks get a boost from earnings, China
At 8:30 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
The morning's spate of first quarter reports have been positive. That along with some good news out of China is pushing futures into positive territory. So far earnings season has been rather jumpy but for the time being, this morning, it's jumping up. Is it a one day thing or a trend? Speculation on the market is almost pointless unless you're into gambling.
CNN: Stocks get a boost from earnings, China
Yahoo...posted earnings and sales that came in slightly ahead of expectations.
China's economy grew at an annual rate of 7.4%...the figure was slightly stronger than most economists were expecting.
Tuesday, April 15, 2014
The Market On Tuesday
Good morning. It is 62 degrees and overcast here in Upstate NY. Rain is expected and I'd have to say it sure feels like rain. We've had quite a bit of wind as of late too. The wind creates all kinds of banging sounds in and out of the house which have literally scared my new dog. She would prefer the calm of a summer or winter day while running in a field. She's the first dog I've owned that reacts poorly to thunder, the noise scares her. All in all though she's still quite a sweet being.
At 8:30 a.m. ET DOW futures are slightly lower and the price of oil per barrel is down. The market is poised to open slightly lower.
We are heading full tilt into the earnings report season. Investors are now to decide the fate of the indexes based on the reports. Some of the first reports from the financial sector were not pleasing and now we see if legends like Coca Cola or Intel can push everything into the plus column. This will be a telling week.
CNN: Stocks: Caution ahead of earnings
At 8:30 a.m. ET DOW futures are slightly lower and the price of oil per barrel is down. The market is poised to open slightly lower.
We are heading full tilt into the earnings report season. Investors are now to decide the fate of the indexes based on the reports. Some of the first reports from the financial sector were not pleasing and now we see if legends like Coca Cola or Intel can push everything into the plus column. This will be a telling week.
CNN: Stocks: Caution ahead of earnings
"We're moving into the heart of earnings season now...We've got a lot of financial reporting this week. The bars are set low enough that earnings expectations are in line with reality."
"Ukraine has the ability to disrupt the entire focus on this market if it escalates..."
'Monster'
One of my pieces from my CD 'Particle.' I'm messing around with public domain film in iMovie. This one features a mashup of monster flicks, some bizarre ones that I've never seen. Maybe it's appropriate for tax day...
Monday, April 14, 2014
The Market On Monday
Good morning. It is 64 degrees and a little breezy here in Upstate NY. I hope you had a good weekend, the weather here was pretty spring-like. I was out jogging a preserve trail on Saturday and it felt great, t-shirt weather. The grass is greening up and the early spring flowers are out. We might even see the forsythia with its yellowness soon bloom.
At 8:20 a.m. ET Futures are modestly lower and the price of oil per barrel is down. The market is poised to open lower.
Markets were rattled last week especially with poor earnings reports from a few TBTF banks. Let me reiterate a point. When the equities market is rising in value it has little to do with Main Street America, yet when the markets drop, it does effect Main Street. That is as far as I can tell a realistic appraisal of 'Trickle Down.' What trickles down is disaster. Regardless, the week will be about first quarter corporate reports as investors see first hand if the Great Recession Recovery is petering out, possibly just having a poor single cycle, or might even be better than expected if results improve.
CNN: Stocks: Fear, uncertainty and earnings
At 8:20 a.m. ET Futures are modestly lower and the price of oil per barrel is down. The market is poised to open lower.
Markets were rattled last week especially with poor earnings reports from a few TBTF banks. Let me reiterate a point. When the equities market is rising in value it has little to do with Main Street America, yet when the markets drop, it does effect Main Street. That is as far as I can tell a realistic appraisal of 'Trickle Down.' What trickles down is disaster. Regardless, the week will be about first quarter corporate reports as investors see first hand if the Great Recession Recovery is petering out, possibly just having a poor single cycle, or might even be better than expected if results improve.
CNN: Stocks: Fear, uncertainty and earnings
All eyes will be focused this morning on Citigroup...
Russian stocks and the ruble dropped as the continuing strife between Russia and Ukraine ramped up to a fever pitch.
Sunday, April 13, 2014
Destroy
Declassified footage of an A-bomb destroying stuff. Interesting to see the lengths taken to test the ability of different materials to withstand the force of the bomb.
Saturday, April 12, 2014
Saturday
Enjoy your Saturday, rest, get out, be content. It's going into the 60s again in this part of the world and the grass is slowly greening up. There's still remnants of snow in the parking lots but it's melting. I've got a full day ahead including a decent nap this afternoon.
Friday, April 11, 2014
Christie Watch
New Yorker: Joy Behar Roasts Chris Christie
“When I first heard that he was accused of blocking off three lanes on the bridge, I said, ‘What the hell is he doing, standing in the middle of the bridge?’ ”
The Market On Friday
Good morning. It is 53 degrees and overcast here in Upstate NY. The forecast is predicting rain and it's also predicting we go into the 70s for the next few day starting tomorrow. The wind still reminds us of Winter. We have yet to hit that bright, warm, convincing Springtime day that will do the trick for all of us.
At 8:45 a.m. ET futures are moderately down and the price of oil per barrel is down. The market is poised to open lower.
After yesterday's literal wipe-out, what else can go wrong. Quite a bit can go sour and sour real fast. JP Morgan's first quarter report has set in motion a significant pre-market drop. If this plays out poorly over a period of days, we are into a correction. Otherwise investors will be parsing all kinds of data today including my favorite - consumer sentiment or as I like to call it - testing the ingrates willingness to blow money...
CNN: JPMorgan earnings shake broader market
At 8:45 a.m. ET futures are moderately down and the price of oil per barrel is down. The market is poised to open lower.
After yesterday's literal wipe-out, what else can go wrong. Quite a bit can go sour and sour real fast. JP Morgan's first quarter report has set in motion a significant pre-market drop. If this plays out poorly over a period of days, we are into a correction. Otherwise investors will be parsing all kinds of data today including my favorite - consumer sentiment or as I like to call it - testing the ingrates willingness to blow money...
CNN: JPMorgan earnings shake broader market
U.S. stock futures dropped significantly after JPMorgan Chase earnings missed forecasts.
"With earnings season in the U.S. under way, tech company earnings will be under intense scrutiny with investors likely to dump their tech stocks on even the faintest sign of bad news out of a company..."
Thursday, April 10, 2014
The Market On Thursday
Good morning. It is 36 degrees and sunny here in Upstate NY. The forecast predicts a solid Spring day in the 60s with sunshine. We'll take it. Later this afternoon I plan on hitting the mean suburban streets for a lengthy jog and with a little bit less than the 6 layers of clothing I've gotten used to wearing through the Winter. Now that's freedom.
At 8:45 a.m. ET futures are slightly lower and the price of oil per barrel is down. The market is poised to open lower.
I am now reading that first time jobless claims for the last week has fallen to a 7 year low of 300,000. That's good news and might push things into the green. Otherwise investors are reacting to less than stellar corporate first quarter reports this morning. The Fed helped things pop on Wednesday preaching super low interbank lending rates. That excitement is now history.
CNN: Stocks: Third day of gains at risk
At 8:45 a.m. ET futures are slightly lower and the price of oil per barrel is down. The market is poised to open lower.
I am now reading that first time jobless claims for the last week has fallen to a 7 year low of 300,000. That's good news and might push things into the green. Otherwise investors are reacting to less than stellar corporate first quarter reports this morning. The Fed helped things pop on Wednesday preaching super low interbank lending rates. That excitement is now history.
CNN: Stocks: Third day of gains at risk
...latest Federal Reserve meeting seemed to indicate that interest rates will remain low for some time.
Investors across Europe are watching as Greece returns to the bond market for the first time in more than four years.
Wednesday, April 09, 2014
The Market On Wednesday
Good morning. It is 42 degrees and cloudy here in Upstate NY. The logos predict we're in for temperatures in the 50s and 60s in the next week. We are getting there. Yesterday I went outside to examine the area where we have a few crocuses planted. Sure enough, they are starting to pop. Winter is parting but not exactly graciously or quickly, Winter is taking it's sweet old time.
At 8:30 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
After astounding gains on Tuesday, the market is now technically ready to parse corporate first quarter reports and minutes from a Fed meeting. Last night stalwart end of quarter first reporter Alcoa showed better than expected results. Now we get to see if this is a fluke, the average, or the tip of the iceberg. We have been pre-warned that expectations are low to dismal but expectations are frequently wrong.
CNN: Stocks: Earnings and Fed in focus
At 8:30 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
After astounding gains on Tuesday, the market is now technically ready to parse corporate first quarter reports and minutes from a Fed meeting. Last night stalwart end of quarter first reporter Alcoa showed better than expected results. Now we get to see if this is a fluke, the average, or the tip of the iceberg. We have been pre-warned that expectations are low to dismal but expectations are frequently wrong.
CNN: Stocks: Earnings and Fed in focus
The Federal Reserve will release minutes from its March meeting at 2 p.m. ET Wednesday.
Shares of aluminum producer Alcoa rose in premarket trading after it reported quarterly earnings that topped analysts' expectations.
Tuesday, April 08, 2014
The Market On Tuesday
Good morning. It is 49 degrees and overcast here in Upstate NY. The weather logo is indicating that it will go well into the 60s today and it will rain . We'll gratefully take it, judging from conditions in California this area has abundant water right now and hopefully into the future. As far as water goes, too much is significantly better than too little.
At 8:00 a.m. ET DOW futures are slightly higher and the price of oil per barrel is up. The market is poised to open slightly higher except...
S&P and NASDAQ futures are lower. There is a sense that the upcoming slew of first quarter corporate reports will not meet expectations and in turn that equities are stretched beyond their value. So, we could say that the market is presently in at least a minor correction and perhaps a more significant correction if the fear of lesser expectations is met.
CNN: Another down day looks likely for stocks
At 8:00 a.m. ET DOW futures are slightly higher and the price of oil per barrel is up. The market is poised to open slightly higher except...
S&P and NASDAQ futures are lower. There is a sense that the upcoming slew of first quarter corporate reports will not meet expectations and in turn that equities are stretched beyond their value. So, we could say that the market is presently in at least a minor correction and perhaps a more significant correction if the fear of lesser expectations is met.
CNN: Another down day looks likely for stocks
In corporate news Tuesday, Alcoa will report first-quarter results after the closing bell, the first major company to do so.
Monday, April 07, 2014
The Market On Monday
Good morning. It is 37 degrees and overcast here in Upstate NY. Rain is expected later today. I hope you had a good weekend. We are experiencing early Spring, the snow has almost completely retreated, and we are left with the brownness of pre-snow Fall. We've been doing yard work, raking up the missed leaves all the while keeping an eye out for the first signs of a crocus. I find this period to be a bit of a physical and mental adjustment, it's like we are shedding an old skin. The new skin is a little delicate.
At 8:45 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
Right now it's all about anticipation of corporate first quarter reports. The market seems to be readying itself for what is expected to be less than stellar numbers. We've heard this before though, the pessimism of the pre-report period. The proof is in the pudding, the first report is due out later this week.
CNN: Stocks: Starting the week in the red
At 8:45 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
Right now it's all about anticipation of corporate first quarter reports. The market seems to be readying itself for what is expected to be less than stellar numbers. We've heard this before though, the pessimism of the pre-report period. The proof is in the pudding, the first report is due out later this week.
CNN: Stocks: Starting the week in the red
There is little economic or corporate news on the docket Monday.
Earnings for the companies in the S&P 500 are expected to be down 1.2% in the first quarter...
Sunday, April 06, 2014
Saturday, April 05, 2014
Breath
Get this book and learn the techniques. Exercise, good food, proper sleep, right medications etc, all these are fantastic but the missing piece is breath work. Regular breath work can ridiculously reduce stress and a long list of the problematic things including chronic problems. You can't go wrong here, the only demand is time.
The Healing Power of the Breath: Simple Techniques to Reduce Stress and Anxiety, Enhance Concentration, and Balance Your Emotions by Richard P. Brown and Patricia L. Gerbarg
The Healing Power of the Breath: Simple Techniques to Reduce Stress and Anxiety, Enhance Concentration, and Balance Your Emotions by Richard P. Brown and Patricia L. Gerbarg
Friday, April 04, 2014
Kiko
Nice blog, Shaun Mullen confronts the right head on and with straightforward information - KIKO'S HOUSE
The Market On Friday
Good morning. It is 39 degrees and overcast here in Upstate NY. The forecast predicts rain and a temperature around 50 later today. That combination will take care of much of the remaining snow piled at the end of parking lots. It's still pretty brown out there, we are anxiously awaiting the bloom of our good friend the crocus. I see Letterman is going to retire. What a run he has had.
At 8:40 a.m. ET futures are slightly higher and the price of oil per barrel is up. The market is poised to open higher.
The government is saying that the US has added 192,000 jobs in March with the unemployment rate holding at 6.7%. This number is an improvement but still short of something to be overwhelmed by. The main point from the investor's point of view is how that number will impact any moves by the Fed to change it's base interest rate and/or quantitative easing. One suspects that the number is not nearly strong enough to do anything drastic.
CNN: Stocks: Looking to jobs for direction
At 8:40 a.m. ET futures are slightly higher and the price of oil per barrel is up. The market is poised to open higher.
The government is saying that the US has added 192,000 jobs in March with the unemployment rate holding at 6.7%. This number is an improvement but still short of something to be overwhelmed by. The main point from the investor's point of view is how that number will impact any moves by the Fed to change it's base interest rate and/or quantitative easing. One suspects that the number is not nearly strong enough to do anything drastic.
CNN: Stocks: Looking to jobs for direction
The (jobs) report could influence the pace at which the Federal Reserve continues to withdraw its support for the economy.
Thursday, April 03, 2014
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