Tag Archives: stock market

Doesn’t Matter Which Way You Go

BY FRANK HILL
Reprinted from TelemachusLeaps.com

We were talking to a friend yesterday about the stock market recovering to exceed its peak of 2007, right before it fell to its valley when the banking system nearly evaporated in 2008.

Remember? That was not that long ago, you know.

‘There’s something that just seems ‘odd’ about it all’, he said.

The current state of affairs in America reminds us of that great Socratic philosopher in ‘Alice in Wonderland’, the Cheshire Cat when he counsels Alice Continue reading →

Economy Ticking Time Bomb

BY RICH GALEN
Reprinted from Mullings.com

From Bayeux, France, I am in Normandy for the annual D-Day commemoration on Wednesday. As part of this year’s festivities the World War II Foundation, headed by Tim Cook is presenting a statue of Major Dick Winters who was the central character in “Band of Brothers.”

More about that on Wednesday.

As I type this it is 5 AM Monday morning in France. That means it is 11PM Sunday night on the East Coast of the United States.

That is only useful because I am looking at the Asian markets as they open for business after Friday’s dreadful jobs numbers. As of this moment both the Japanese and Hong Kong market indices are down two percent. The European markets are set to open lower in that same range which means if the Dow follows suit it will lose nearly 250 more points today and end well below 12,000.

Other than my 401(k) being worth about 268.67(k) or minus one-third of its value, I am not much of a player in the stock market. However, like you and everyone else I have a monetary interest in the direction of the economy.

The direction appears to be decidedly down. Continue reading →

US Issues: Iran, Nigeria, Global Energy, Security

BY RICH GALEN
Reprinted from Mullings.com

Like most people I have gotten so caught up in the rising and falling of GOP Presidential candidates’ fortunes that I more-or-less forgot about President Obama and what else is going on in the world.

What else is going on is that gasoline prices are on the rise.

Some people are following the so-called “Doc Fix” issue – that is to forestall a 27 percent cut in Medicare reimbursements to physicians. More people understand an extension of unemployment benefits. A lot of people would recognize whether or not payroll taxes (to pay for Social Security and Medicare) were being withheld from their paycheck. Continue reading →