Bond Market

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Yesterday was a rather huge and unexpected down day. The market has not yet moved in a parabolic way to the upside and we didn’t see irrational exuberance. From a monthly look, the market has been taking off and starting to get parabolic. My expectations were that after a further climb higher and seeing the Read more…

2013 Review

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The New Year is just a short week away and I am putting together my predictions for 2014. There is a lot to cover, so I expect it will be a two-part report next week – the last two days of the year. So, before we get to predictions, let’s review 2013. 2013 Review This Read more…

Waiting Game

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A budget deal and a Fed taper are on the table… and the market waits. Most of the holiday and retail sales information have fallen by the wayside, as yet again the government is driving the headlines that will steer the market. Could a budget deal bring optimism to the market and will the Fed Read more…

Market Obstacles?

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The great unemployment rate and better than expected jobs numbers are yesterday’s news. In this market of short-yardage gains, as it faces defensive obstacles weekly, it is amazing how strong the offense is. Now we focus our attention on the December Federal Reserve meeting. It is the last of the year and the Taper talk 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…

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…

Economic Data Headwinds

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We had a great kick-off to the 3rd quarter, yet we have already been forewarned from last earnings season about a revenue and sales slowdown. This is not just from slow domestic growth, but the emerging markets (predominately China) have also slowed down. It is important to remember that China was an export lead nation Read more…

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