Right off the bat, this is going to be super short and sweet this morning as Chuck was feeling under the weather last night and asked me to step in with some of the market headlines from this morning and last night. The market moving headlines yesterday and through today so far have been primarily European in nature, as Italy is beginning to steal the spotlight away from Greece in the debt crisis du jour. Since Italy is a bigger fish in the Eurozone than Greece, the levels of concern have been on the rise.
[Read more...]China Contemplates More Investment
September 13, 2011 By Leave a Comment
Well… The death watch for Greek debt continues… I saw one pundit say yesterday that a Greek default wasn’t a question of “if” but “when”… The markets are convinced that Greece and the European Union have no way out of this but to default. The Eurozone leaders are still trying to hang on to the 10% chance that Greece won’t default, and good for them… It would do no one any good for them to throw in the towel when there’s still a chance… Unfortunately, the chances are slim and none…and slim left town!
[Read more...]China Contemplates More Investment
September 13, 2011 By Leave a Comment
Well… The death watch for Greek debt continues… I saw one pundit say yesterday that a Greek default wasn’t a question of “if” but “when”… The markets are convinced that Greece and the European Union have no way out of this but to default. The Eurozone leaders are still trying to hang on to the 10% chance that Greece won’t default, and good for them… It would do no one any good for them to throw in the towel when there’s still a chance… Unfortunately, the chances are slim and none…and slim left town!
[Read more...]New and Improved Jobs Plan
September 9, 2011 By Leave a Comment
Front and center this morning, I want to make a public service announcement, and make every aware that The US has received specific and credible intelligence showing al Qaeda militants in Pakistan may be preparing to carry out car bombings in Washington, D.C., and New York City, timed to coincide with the 10-year anniversary of the Sept. 11 attacks. Be careful out there!
[Read more...]US Dollar Rallies as Swiss Franc Loses Its Ability to Float
September 6, 2011 By Leave a Comment
There’s a fly in the ointment, folks… The ointment being the bailouts of Greece, Ireland and Portugal… A German court is going to rule on the constitutionality, or legality, of Germany’s participation in the bailouts, and this ruling is expected tomorrow, September 7th!
This is like here in the US, where we just circumvent the Constitution and it takes a ruling by the Supreme Court to overrule something that should never have started… Well… Apparently, Germany’s participation in the bailouts is considered to be against the law of the land… Germany’s Chancellor, Angela Merkel, has tried to sneak the sun past the rooster here, and now, we’ll see if the German Court will look the other way or not…
[Read more...]A Debt Ceiling Deadlock Resolution?
July 20, 2011 By Leave a Comment
Well… The flight to so-called “safety” that was all over the markets late last week, has dissipated, and investors and traders are going back out on the limb to take on risk… Of course, that could change on a dime at any time; so to say, “I think this will continue” would be leaving oneself hung out on a line… So, since I would drag any line down to the ground, you won’t hear me saying that! At least not right now, with the debt ceiling deadlock here in the US and the “will we or won’t we take defaulted bonds” going on in the Eurozone.
[Read more...]A Greek Confidence Vote Today
June 21, 2011 By Leave a Comment
Front and center this morning, there are more rumblings from anybody with a “title” in the Eurozone, about Greece… But the euro (EUR) isn’t paying attention, and yesterday, in the face of Greece being told they had to produce a budget full of spending cuts, the euro rallied… And continued that rally overnight. I had a dear reader ask me yesterday why I thought the euro was rallying with the latest news from Greece… I said… “Well, maybe traders are growing tired of all this back and forth with Greece.” Yes, maybe, just maybe, traders have decided to wait until a plan either has been implemented, or not, and deal with the currencies appropriately at that time…
[Read more...]Will a Weak US Economy Lead to QE3?
June 2, 2011 By Leave a Comment
Good day… And a Tub Thumpin’ Thursday to you! It wasn’t so much of a Tub Thumpin’ day yesterday for the stock jockeys… Oh my goodness what a sell off! Now they know how badly we felt when silver sold off a few weeks ago! European stocks are selling this morning, in a reaction to the selling yesterday in the US, so this could become one vicious circle, eh?
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Existing Home Sales: Up or Down?
The markets will be getting thin today, and will be super light tomorrow as most of the traders take some time off for the holidays. These thin markets can be volatile, as any moves are exaggerated by the lack of volume in the markets. We have lots of data hitting the markets today, which could be the spark for some real action, so it may get interesting.
[Read more...]