Category Unemployment
DOW Near 17K On Upbeat Economic Data; ECB Rate Cut
DOW Near 17k On Upbeat Economic Data — So Says Barron’s www.fortunascorner.wordpress.com I tend to believe that the U.S. economy is still anemic and pretty stagnant, considering we’re six years post-recession and growth is still weak and tepid. The strongest, most robust sectors — oil/gas/fraking, is “exploding” in spite of the Federal Government. Having said […]
Fed Seen Slowing Stimulus With QE Cut By The End Of This Year
May 1 (Bloomberg) — Chairman Ben S. Bernanke will probably reduce the Federal Reserve’s monthly bond buying in the fourth quarter to $50 billion from $85 billion as he begins to unwind record stimulus, economists said in a Bloomberg survey. Policy makers must find a way to slow the pace of purchases enough to signal […]
ADP Rpt. Says 119K New Jobs In April – Well Below Consensus
Consensus leading into this number was 155K — so, this is — to say the least disappointing. Chicago PMI yesterday was below 50. Two days ago I wrote that I thought we are ripe for a correction here. The economy is sputtering — this, after a $1T in stimulus, the Fed’s QE/asset buying spree, etc. […]
China Is Repeating Japan’s Economic Mistakes
I don’t agree with Mr. Das and I think he is off base in his conclusions. Having said that, we don’t learn much by only reading what we agree with. April 18, 2013, 12:02 a.m. EDT China is repeating Japan’s economic mistakes Commentary: Wasteful investment and spending stunts growth By Satyajit Das Reuters A man […]
Where Does Stock Mkt Go From Here? IT Spending In 2013
S&P Move Past All-Time High; Portfolio For 2nd Half of 2013; GDP Forecasts The S&P moved past its all-time high of 1565 (reached Oct. 2007) and closed at 1569 on Thursday, March 28 &, the last trading day of the first quarter. The S&P rose over 11% for the quarter & both the DOW & […]
Cyprus Resolution In Sight; Europe Economic Contraction
Cyprus Resolution In Sight Before I get into the Cyrus issue, I wanted to talk a little about three speculative stocks/companies that I have referenced in previous notes: Acadia Pharmaceuticals (ACAD); Sarepta Therapeutics (SRPT), and Trius Pharmaceuticals (TSRX). Again, as I said in earlier notes, I am not recommending these; but, I have put my […]
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