Friends The President was busy today, first trying to work the Saudis and the Russians into an oil production decrease, then he enacted the Defense Production Act forcing GE and 5 other companies to produce ventilators. Of course the big news this mornings was the more than 6 million...
Friends It was a very ugly start to the new quarter. I wish it was an April Fool’s joke. Unfortunately, it appears that with headlines getting worse and worse, we are likely destined to test the lows we saw a couple of weeks ago. I’ve mentioned, that to find...
Friends Well, that was quite a first quarter 2020. If it’s ok with you, I’d like to just fast forward to 2021. Ok, I guess that isn’t going to happen, so we’ll just have to get through all of this on a day by day basis. Obviously, stocks were...
Friends Now that we all know that we’ll all be in our homes for a least another month, I guess we’re going to have to come up with new ways to entertain ourselves. I went out at lunchtime and started my car (hadn’t in 15 days). It still works....
Friends Amid a plethora of distressing headlines, stocks gave back much of yesterday’s gains in early trading. The bulls did try to mount a rally in the last hour of trading but it failed rather miserably. Stocks did end higher for the week, but it certainly felt like a...
Friends As expected the weekly jobless claims number spiked. More than 3 million people applied for unemployment benefits this week, a number that is even bigger than expected. The good news might be that at least the system was able to file that many applications. Despite the shocking, but...
Friends I was going to let you know how stocks soared for a second day in a row. For whatever reason, it’s just good to see stocks going up for a change, as it has been a difficult last few weeks. Well, stocks did go up some, but in...
Friends Finally, Congress has delivered an impressive piece of legislation for the U.S. citizens, designed to bridge the gap until we can restart the country. Wait a minute, I’m getting word that nothing has emerged yet from the Congress? Ok, there has been indications that they are close to...
Friends Phew, it’s a good thing that calmer heads prevailed, partisanship was put aside, and our folks on the hill were able to strike an historic deal and produce a heroic piece of legislation for the American people over the weekend. Wait, hold on, I’m hearing now, that did...
Friends It looked like stocks really wanted to go up today, but alas, it appeared that more liquidation was occurring, it was quadruple witching Friday, and basically investors were scared to buy much of anything heading into the weekend. As more and more forced shutdowns occur, the economic fallout...
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