Let the Market Free!

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The market is still hanging tough, even after a rather dismal GDP report. Remember, an “official” recession is two negative GDP quarters in a row; we just had a whopper drop of negative 1% last quarter. Yet the market didn’t seem phased at all, in fact it started rallying? Makes no sense to some unless Read more…

Volatile December?

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The holiday retail sales data is mixed at this point. Increased foot traffic on Black Friday looked promising, but the decline of 2.6% in sales was disappointing. If we next look at Cyber Monday we see some strong year-over-year growth. It’s not fair to say at this point that Black Friday and holiday sales are Read more…

Credit Risk

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In 1999 I went to a Dot.com company’s party in San Francisco. The company had just completed their 3rd or 4th round of funding (over $100 million), just bought and gutted a building, and was hosting huge music parties. I met the CEO and asked him about the business and their “exit strategy”. They had NO Read more…

Day 3 – Jobs Data

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Day 3 of the government shutdown and so far, if media and polls are an accurate gauge, the Democrats are gaining in the polls. If the Democrats continue to gain in the polls, are they willing to bring this to the 11th hour on October 17th, the date of the default? Perhaps, but there is Read more…

Non essential services?

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The words Responsibility and Accountability are certainly NOT synonymous with our trusted, elected politicians, on either side of the aisle. Democrats don’t want to negotiate or even discuss anything and the Republicans have resorted to in-fighting. Now, with 800,000 government employees on furlough (leave without pay), we are not sure what to make of it. Read more…

Government Shutdown!

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The clock is ticking toward a government shutdown. Senator Reid (D) has said that any bill from Congress with any Obamacare related issues will be DEAD on arrival. Rather than trying to find a solution over the weekend, the Senate Leader closed the doors to the Senate until 2 pm today, further pushing the clock Read more…

US Default?

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The market continues to slip lower and the antics in Washington are not helping matters. For those of you that can’t bear to watch the silliness, you have one Senator reading “Green Eggs and Ham”; another Senator that just will not talk with anyone about anything, and a President said that there is NO negotiating. Read more…

Debt Ceiling

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Are we over bought? It seems like that’s the question being bantered about this morning. We’ve had a huge melt-up in the last couple of weeks on nothing more than Summers stepping out of the Fed Chairman race and the Fed not tapering. We must come to terms that the rally had nothing to do Read more…

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