Global Market Commentary, Analysis and Investments
The Dow rose 44 points yesterday. Gold gained 8 bucks. What to make of it?
One of the advantages of being on the road is that you don't get a whole lot of time to check the news. As the inimitably quotable Mark Twain famously observed, “If you don't read the newspaper, you're uninformed. If you read the newspaper, you're misinformed.�
[Read more...]Well, the much-awaited unemployment report came out on Friday. The pundits, analysts, and kibitzers were all waiting. Their mouths open. Their pulses racing. They expected an “I told you so” moment.
Bloomberg polled them a week or two ago. The 2000 of them surveyed were overwhelmingly bullish…with the average forecast of a 27% increase for the stock market in 2010.
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How Will Census Workers Affect the Jobs Report?
It was a ping-pong day for the currencies, back and forth over the net… The net being the “level of the dayâ€?… For instance, the Aussie dollar (AUD) played over the 91-cent net all day, and the euro played over the 1.2820 level all day.
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