“Patiently” Killing Capitalism in America

Wednesday morning I checked the Dow Jones Industrial Average, and it was down just over triple digits. It stayed underwater all the way through lunch too. Then, miraculously, about 1:30 pm, it took off like a rocket, swinging 350 pts to the upside, closing over 200 pts in the black. Now I knew what caused it. I keep up with such things. The FOMC (The Fed) had just released their vague do nothing statement. They removed one measly little word. They removed the word, “patient”, meaning that Read more […]

No, Reuters, Markets Didn’t “Brush Off” Anti-Euro Votes; Markets Applauded Them

According to Reuters: “Bonds, stocks brush off Eurosceptic election gains.”  Italian assets surged and German shares hit all-time highs on Monday as solid election showings by pro-European forces in both countries provided an antidote to Eurosceptic gains in France, the UK and Greece. Though nationalists scored stunning victories in a number of weekend votes, Italy’s pro-European Prime Minister Matteo Renzi’s centre-left Democratic Party was on course for a resounding win over the anti-establishment Read more […]

The Media Want to Hide the Obama Slump

People don’t invest in future growth if they expect failure.Of course, an economy cannot be run only on positive sentiment, but that is still definitely a part of the picture. And today’s stock rally after the debate last night gives us a hint about how Obama-pessimism has been affecting the markets. Up until last night, virtually everything in the mainstream media told us that Romney was losing and Obama was winning. More than that, the media made it seem as if Romney couldn’t campaign Read more […]