Global Market Commentary, Analysis and Investments
There was a storm raging on Wall Street too. And by the end of the day, traders, investors and speculators probably wished they had stocked more alcohol for the weekend.
The Dow was up 10 points. After being down 100 points. Gold fell $10.
“Clearly we have entered the worry, fear camp,” said one pro.
[Read more...]The real economy declines. The parasites multiply. See chart below…
First, a look at the markets:
Stocks went nowhere yesterday. Maybe the feds had taken the day off; MarketWatch charges them with manipulating share prices.
Gold, however, staged a $17 rally. The correction in the gold market may be over. Or it may not. This market has more surprises in store; we’re certain of it.
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Government Employees: The Last Great Consumer Base
Things in the economy are getting more and more stressful, and the company’s revenues are down, precipitating the rumor around here that there are going to be more cuts in staff, and the odds are pretty good that I will be one of those unceremoniously fired since, ever since they fired Carl, I am now the company’s worst employee.
[Read more...]Click for detailed story