Blogs

  • U.S. Payrolls Plunge!

    * Job losses begin to accelerate... * Currencies inch higher... * News of the weird... * China announces a stimulus plan! ** U.S. Payrolls Plunge! Good day... And a Marvelous Monday to you! The weekend was great, as I got to spend it with my kids at the Missouri Tigers football game on Saturday. It was a cold one, but a great game, and fun time all day and night. Well... We might as well get right into this... I'm sure you heard that the Jobs Jamboree was awful on Friday. UGH! Jobs are dropping like the temperatures outside, and there doesn't seem to be anything to stop them from dropping either! For the record... October's jobs losses were worse than expected (-200K) and came in at -240K... OUCH! But the real kicker, something the mass media might not have covered, was found in the September revision... Recall that September's Jobs data showed a negative -159K... Well, that number was revised to -284K! Double OUCH!...
    Posted to Daily Pfennig by Chuck Butler on 11-10-2008
  • The Morning Call-11/10/08

    Economics This Week’s Data China passes a stimulus package: http://econompicdata.blogspot.com/2008/11/china-gets-on-stimulus-train.html Other A profile of America’s ‘poor’: http://mjperry.blogspot.com/2008/11/how-poor-are-americas...
  • The Closing Bell-11/8/08

    Note: I will be traveling Tuesday and Wednesday next week. It will still allow me to produce a Morning Call each day; but they will be abbreviated. Statistical Summary Current Economic Forecast 2007 Real Growth in Gross Domestic Product: 2.0- 2.5% Inflation...
    Posted to Steve Cook on Disciplined Investing by Steve Cook on 11-08-2008
  • The Problem With Deleveraging

    In general, we consider it a good thing to save money and to 'owe no man anything save love.' But what happens when a debt-happy society wakes up and decides that saving is a good thing for everybody? What happens when banks and hedge funds decide (or are forced) to reduce their debt? What happens when businesses of all sizes find it harder to get loans to operate? In this week's letter we discuss 'The Great Unwind,' that process of deleveraging that we are now in the midst of. We also explore some recent economic data on the economy. It's a lot of ground to cover, so let's jump right in....
  • The Stock Playbook 11/7/08

    The market saw buyers return on Friday after two days of heavy losses, mindful of the economy's growing problems but attracted by stocks' lower prices. The Dow rose 248.02, or 2.85 percent, to 8,943.81. The S&P 500 added 26.11, or 2.89 percent...
    Posted to The Stock Playbook by Dave Dispennette on 11-07-2008
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  • Your Retirement Plan and the New Washington

    Come January, Democrats will be in charge all over Washington. They campaigned on a theme of change, and we should expect major changes. The questions are which changes and how will they affect your retirement finances? I will focus on the changes I think...
  • Another Jobs Jamboree Friday!

    * A zero rate conspiracy? * Weekly jobless claims head toward 500K... * Turning Japanese... I really think so! * Mr. Yen speaks! ** Jobs Jamboree Friday! Good day... And a Happy Friday to one and all! I hope it turns into a Fantastico Friday, because it's not starting out that way. Technical difficulties would be the term used to describe my morning so far... I don't know if the Pfennig will go out on time this morning, as those "technical difficulties" have me working offline right now. But we'll see, eh? Well, it's a Jobs Jamboree Friday too! This should be quite the Jobs Jamboree too, as the ADP Employment report suggested the other day that this data could be even worse than the forecast -200K job losses for October. There have been more job losses in 2008, than you can shake a stick at, but yet the beat goes on for the dollar. Coming To America is the theme playing out in the currencies... Of which, I've explained over and over again, until I sound like a broken record....
  • Time to Buy carefully

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  • Association for Investor Awareness - Week of 11/06/2008

    In This Issue:

    The Rally May Have Legs – Or Not!
    A Banquet For Value Investors
    Dividends Shine In This Market
    A Yield Bonus That Few Investors Consider
    The Bluest Of The Blue Chips
    Love Those Dividend Aristocrats
    The Bottom Line This Week

    The mid-cycle rebound we have been expecting showed up last week with a spectacular opening. Even though the market on Monday showed a 203 point loss, huge gains over the remaining four days pushed the Dow and the Nasdaq up 11.3% and 10.9% respectively.

    This time the gains survived the weekend, but not for long. Monday was a yawn, but the market jumped 305 points on Tuesday as excitement about the presidential election boosted spirits. On Wednesday, however, America suffered a post-election hangover and stocks dropped a whopping 486 points. It looks like Wall Street plans to give President-elect Obama a very short honeymoon.

    ...
  • Change... What Change?

    * Currency Volatility! * Trading Theme creeps back! * ADP indicates a bad Jobs Jamboree... * Putting on my thinking cap... ** Change... What Change? Good day... And a Thunderin' Thursday to you! I say Thunderin' because we're expected to get Thunderstorms and rain today here in the St. Louis area... This will be the first rain we've received in some time, so, while it will bring cooler weather our way, it will still be much needed rain! Well... What a volatile day in the currencies yesterday! WOW! Running up and down the dial, all day long! At one point yesterday morning, the euro looked to be in the driver's seat, ooh, ooh, ooh ooh, driver's seat, yeah... Stop it Chuck, this is supposed to be a serious commentary! Yeah right! Well, at least seriousness is sprinkled in from time to time, eh? Anyway... What I was getting at before slipping off into a song by Sniff-n-The Tears, the euro was moving higher and higher, and was making the 1.29 and 1.30 handles look like picket fences when you pass them going 80 mph!...
  • Now focus on where and what to buy

    Economics This Week’s Data Weekly mortgage applications fell 14%--really disappointing after some tentative signs of improvement in the housing market. The Institute for Supply Management reported its October nonmanufacturing index at 44.4 versus...
  • The Stock Playbook 11/05/08

    The market plunged Wednesday as investors absorbed a stream of bad economic news and wondered how a Barack Obama presidency will help the country weather a possibly severe recession. Volatility returned to the market, with the Dow falling 486.01, or 5...
    Posted to The Stock Playbook by Dave Dispennette on 11-05-2008
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  • Beyond the Sound Bite: An Interview with Sam Stovall

    My conversation with Standard and Poors' Equity Research Chief Investment Strategist includes how stocks tend to perform when one party controls government, fourth quarter of an election year stock performance, first year of a new administration and...
  • The Day After...

    * I want change too! * Euro leads a currency rally! * Factory Orders plunge! * Carry Trades back on the table! ** The Day After... Good day... And a Wonderful Wednesday to you! The day after... The day after all the election ads ended... What a beautiful day it is! Well, in January we'll have a new president, one that had a call to "change"... I sure hope we can change... The problem is what I want changed hasn't been on any candidate's agenda... That's because, as the Big Boss Frank Trotter so eloquently said the other day when I complained about the lack of talk on this subject, "They can't get elected if they talk about that"... The "that" is simply the national debt, and how we'll deal with it as the baby boomers begin to draw on their entitlement programs... I think people now like to "live for today, and not worry about tomorrow" and that's a real shame. As I said a month or so ago... I'm going to have to sit down and write a letter to my sweetheart granddaughter, Delaney Grace, and apologize to her for leaving her generation with a debt load that requires a huge tax burden that her grand father didn't have, and a loss of freedoms, and life style, that her grand father had......
  • I am treating yesterday's Market action as a gift

    Economics This Week’s Data September factory orders dropped 2.5% versus expectations of a .5% decline and August’s -4.0% report. The International Council of Shopping Centers reported weekly sales of major retailers up .6% versus the prior...
    Posted to Steve Cook on Disciplined Investing by Steve Cook on 11-05-2008
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