Insights
July 27, 2011 10:55 AM – Most Markets Down
It's not a pretty sight out there today. Stocks are down 1.2% today but off their lows somewhat. Europe is down as well, though not at as much. Asian markets are up, and are just about the only major class up today. Bonds, oil, precious metals and other commodities...
Tuesday, July 26 3:40 PM – Mixed Markets, Stalemate in DC, US Credit Rating
Not much to report in market action today. US and European markets are mixed, Asia had a good day. Oil, food and gold are up; the US dollar is down. All eyes are on Washington and presently there is a stare-down between the president and John Boehner. Speaker Boehner...
Monday, July 25, 2011 11:50 AM – Market Update
Stocks are lower today, but not nearly as much as one might think, only 0.3% even though debt ceiling talks seem to be making little progress. Europe is also down. Investors apparently don't believe a US default will actually happen. I don't think it will, either....
What Does the Lord Require of You?
Some people want to know, "What's the least I an get away with in terms of my obligations to God?" Two verses come to mind. The mildest is this: Micah 6:8 "He has told you, O man, what is good; And what does the LORD require of you but to do justice, to love kindness...
Thursday, July 21 4:03 – Weekly Highlights
It looks like the U.S. stock market will finish the week flat. It is about where the last three peaks in the market this year have topped out - about 0% - 2% below the year's high of 12,807. The ceiling is more noticeable on the S&P 500 which is a much broader and...
Friday, July 21, 2011 2:10 – Today’s Markets, Greek Bailout, Budget Ceiling
Stock and bond markets are mixed today in the U.S. but higher in Europe and Asia. Gold is higher by 1% after 3 days of decline. Treasury yields are back down today but not as much as they were up yesterday. The new Greek bailout version whatever is a partial default...
Thursday, July 21 10:55 – Markets, Greece, Unemployment #s, Debt Ceiling Deal?
It's a very nice day in the market today with the S&P 500 (my preferred index) up 1.4%. Out of the 35 world indexes on my Bloomberg app, 28 are up today and nearly all the losing indexes are in Asia. The good news from the market's perspective in Europe. Progress is...
Wednesday, July 20, 2011 1:27 PM – Market Update, Apple
The market is treading water today, looking over earnings announcements, waiting for a debt ceiling deal and clarification on the European debt crisis. Apple just blew away their projected earnings and revenues. They always beat their estimates by a wide margin but...
Tuesday, July 19 2011 2:09 PM – Debt Ceiling Deal, U.S. Credit Rating Cut
"Leaders of a bipartisan "Gang of Six" senators said Tuesday that they've reached agreement on a major plan to cut the deficit by roughly $4 trillion over the coming decade in what could be a bold entry into a debate on the deficit long bogged-down by bitter...
Tuesday, July 19, 2011 – Markets, Housing Starts, Emerging Mkts
Markets are up today. Lest you ascribe that to the news that housing starts are up in the U.S. let me point out that it was major markets in Asia that moved higher first, then Europe, then the U.S. The world is pretty much moving together, as has been the case for the...
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