Here are the closing statistics for our key indicators (12/12/11): FINCON = 2 DJ30 – 12,021 down 163 US Treasury 10 Year Bond – 2.01% USDEUR - 1.3216 Gold – $1666 Oil – $98.25 Gold was down very big on Monday with selling by major (nonprofit) sellers. It is rumored that the FED, the Bank [...]
Here are the closing statistics for our key indicators (12/11/11): FINCON = 2 European Decisions……. Well, the leaders of Europe met on Thursday/Friday, and the world did not blow up since. I guess complacency pays off. Here is what was decided: The European leaders to DRAFT a new treaty where there will be fiscal union [...]
Here is a short example of life in France – and naturally, it involves food. French life is centered on food, and lunch is the main meal of the day. Counterintuitively, you find cheap outstanding meals at noon – while the truly high prices remain for the evening. Maybe the restaurants are looking to fill [...]
Hidden Danger in Europe……… In the past I have warned that a European sovereign debt default (think of Greece or Italy) would bring down European banks who hold that debt as it must be written off after the default. Also, the passing of the problem over the Atlantic into the USA for two reasons: US [...]
Here are the closing statistics for our key indicators (12/7/11): FINCON = 2 Not much happening in the market on Wednesday. European Rumors……. Here are the rumors coming out of Europe today. The ECB will reduce interest rates today another 1/4 point. The ECB will tell European banks how much they need to raise reserves [...]
Here are the closing statistics for our key indicators (12/6/11): FINCON = 2 DJ30 – 12,150 up 52 US Treasury 10 Year Bond – 1.09% no change USDEUR - 1.3389 Gold – $1729 up $1 Oil – $101.37 European Plan to Save Euro…….. Merkel and Sarkozy met to save the Euro – and this is [...]
Going to Europe……. Okay, it is finally happening. I will be going to Europe tomorrow (Monday), and i am staying overnight in Chicago tonight awaiting my daylight flight – no overnight stuff for me. The point of this writing is to let you know that i will be getting the scoop on the thoughts of [...]
Here are the closing statistics for our key indicators (12/1/11): FINCON = 2 DJ30 – 12,020 down 21 US Treasury 10 Year Bond – 2.12% up 0.05% USDEUR - 1.3462 Gold – $1745 down $1 Oil – $99.99 down $0.37 An ode to a non-day in the markets. Who is in Charge……… Last September, executives [...]
Here are the closing statistics for our key indicators (11/30/11): FINCON = 2 DJ30 – 12,040 up 484 WOW!!!!!!!!!!!!!!!!! US Treasury 10 Year Bond – 2.07% up 0.07% USDEUR - 1.3436 Gold – $1747 up $34 Oil – $100.59 up $0.80 Spectacular rise in stocks – see story below. Europe is truly creating a dangerous [...]
Here are the closing statistics for our key indicators (11/29/11): FINCON = 2 DJ30 – 11,556 up 33 US Treasury 10 Year Bond – 2.00% up 0.04% USDEUR - 1.3331 Gold – $1714 up $4 Oil – $99.80 up $1.59 Last week stocks were down, down, down – but this week, we see strength in [...]
