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  • 'Unusually Uncertain' times…

    In This Issue..

    * 'Unusually Uncertain' times push the $ lower...
    * European data show further strength...
    * Goldman economists need a vacation...
    * China to unveil the 'secret sauce'???

    Good day. Another busy day here at EverBank yesterday, but today promises to be a bit of a break. All of our visitors left late yesterday afternoon, and the systems which I have been testing are down for the next few days. The weather also looks like it has finally calmed down a bit after Thunderstorms rolled through again yesterday afternoon. The markets probably won't calm down, as we have a plethora of data releases today along with further testimony from Bernanke and the release of the European stress tests....
  • Goldman accused of fraud...

    In This Issue..

    * Goldman accused of fraud...
    * Euro drops on Greek questions...
    * India may raise rates to quell inflation...


    Good day, I'll start the week off with a piece of good news regarding Chuck. His surgery went well on Friday, and he got to go home from the hospital on Saturday. I exchanged several emails with him yesterday, and he said the pain is dramatically better and he was able to make it through Sunday without the help of pain medication. The doctors want him to rest for a while, but the prognosis sounds good. Thanks again to everyone for all the emails of support, your prayers and words of encouragement are appreciated.

    ...
  • A Jobs Jamboree for Friday 01/08/2010...

    In This Issue..

    * The dollar holds gains...
    * Japanese saber rattling...
    * Geithner in trouble?
    * Commercial Real Estate in trouble...

    Good day... And a Happy Friday to one and all! The first Friday of 2010! So, let's call it a Fabulous Friday, and save the Fantastico for a day when we'll see the temperature at least reach the freezing mark! Our 'snow day' is over, everyone was safe...

    You see, and I hope you don't mind me taking this trip in the past, many years ago, I spend a winter of discontent, I might add, in Des Moines, Iowa... Where it began snowing in November and didn't stop until the first week of May... When I first moved there, I noticed that their street crews didn't plow the roads, and salt them like they did in St. Louis, they just threw cinders on the snow and people drove on it. That's where I really learned to drive on snow... As the years went by, back in St. Louis, dealing with snow, I realized that the way they did it in Des Moines was better!...
  • Currencies Rebound...

    In This Issue..

    * Goldman posts a nice profit...
    * I smell a rat!
    * Euro nears the 1.41 mark... Again!
    * Gold manipulation?

    Good day... And a Wonderful Wednesday to you! Another All-Star Game, another win for the American League... I truly believed that with Tim Lincecum going for the National League, that we would win this year... But that didn't work out... I did truly enjoy the game though, and got to experience it with sons, Andrew, and Alex, with Darling Daughter Dawn's husband, Jerry... A truly memorable night...

    The currencies slowly moved a bit higher yesterday, and the euro is back to 1.40 this morning... The move came as stocks rebounded some, after reports of a better than expected earnings report for Goldman Sachs. Hmmm... Now, doesn't that just tick you off a little? Here's Goldman Sachs who just months ago, changed to a Bank Holding Co, so it could take TARP money, then paid it back a month ago, and now, prints a Moon Shot profitable earnings report... I guess I should be happy for them... Unfortunately, I smell a rat......
  • Goldman and Morgan Stanley Are Now Banks!

    * Currencies see some healing... * $1 Trillion and counting... * Gold and Silver rebound! * The Currency Capitalist... ** Goldman and Morgan Stanley Are Now Banks! Good day... And a Marvelous Monday to you! Someone along the road last week stopped by to tell me that I was too "Cheery" each morning with my salutations! He laughed, because of course he was kidding... But as I told him... If you're told what I was told last summer, each and every day is a day to be cheery about, no matter what's going on in the markets! Well... That was quite the trip last week, 3 cities in one week... In October I do 5 cities in 10 days... And then of course we had the goings on of last week... I really was upset and angry last week when I sent those notes to Chris for Friday's Pfennig. Our Gov't has spent 100's of Billions of dollars, and looking to spend more to avert a crisis... Yes, it was a Crisis, and something had to be done, but the way we did it, wreaks of socialism... My good friend, John Mauldin, whom I spent some time with last Friday, said, "I would sure like to see some regulation in Credit Default Swaps for all the money we spent!"...