Friday, December 14, 2012 –

A Sad Day by Sinclair Noe DOW – 35 = 13,135SPX – 5 = 1413NAS – 20 = 297110 YR YLD -.02 = 1.71%OIL +.97 = 86.86GOLD – 1.10 = 1697.20SILV – .23 = 32.31 A total of 27 people dead at school in Newtown, Connecticut; 20 children, 6 adults, and the shooter; the kids were between the ages of 5 and 10. There was possibly another person shot before the massacre at the school. The shooter’s mother was a teacher at the school and she was killed, but it is pretty clear this was more than just an attack on the mother. So, if you see the flags at half mast today, this is why. We’ve seen it before at Columbine, at Virginia Tech, at Aurora, and just earlier this week in a mall in Portland. This time it was especially horrible because it was mostly children; the innocents. It is estimated that there are 87 gun related deaths per day in the US, and this week it was kids. I understand that tragedy is a part of life. I understand that other places in the world experience tragedy. What is happening in Syria is tragic, what is happening in the Sudan is tragic. What is happening in Afghanistan is tragic. None of that discounts the tragedy in Connecticut. Thoughts and prayers and consolation for the victims are appropriate and comforting to some extent, but there should be something more. Something is wrong in this country. I have no …

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Tuesday, December 4, 2012 – The Clock is Ticking

The Clock is Ticking by Sinclair Noe DOW – 13 = 12,951SPX – 2 = 1407 NAS – 5 = 299610 YR YLD – .02 = 1.61%OIL – .71 = 88.38GOLD – 19.20 = 1697.80SILV – .75 = 33.01 So, President Obama presented an opening offer in the fiscal cliff talks; Speaker Bohener said it wasn’t serious and the financial and political reporters passed along the complaint that it was a recycled version of an old plan; before the election those same reporters spent the year passing along the complaint that Obama had no plan. Then Obama complained that the Republicans didn’t have a counter offer, and they finally came up with a counter but it didn’t have any specifics, but one area is that they want cuts to Medicare, even though before the election they were outraged that Obama was cutting Medicare. The current Republican position seems to be that the fiscal cliff’s instant austerity would destroy the economy, which is odd after four years of Republican clamoring for austerity, and that the cliff’s military spending cuts in particular would kill jobs, which is even odder after four years of Republican insistence that government spending can’t create jobs. And remember, this is all about the debt ceiling and tax cuts and spending cuts. And the political and financial reporters pass all this stuff on, with a countdown clock ticking in the lower right screen. It’s irresponsible reporting. Mainstream media outlets don’t want to look partisan, so they ignore the …

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Friday, October 26, 2012 – Thank God It’s Friday

DOW + 3 = 13,107SPX – 1 = 1411NAS – 1 = 298710 YR YLD – .08 = 1.75%OIL -.43 = 88.30GOLD + .80 = 1712.10SILV – .02 = 32.19 PLAT – 16.00 = 1551.00 The U.S. economy grew in the third quarter, the GDP grew at a 2% rate, a bit stronger than the 1.7% expected by economists, and up from the 1.3% rate in the second quarter. Consumer spending and federal government spending increased and the housing market and home construction were areas of strength. Business spending continued to be a drag. GDP is the broadest measure of an economy’s health, and represents the value of all goods and services produced in the US. GDP has been positive since the third quarter of 2009, but today’s report, although better than expected, really can’t be considered more than moderate growth. Consumer spending increased at a 2% pace. Business investment fell by 1.3% in the third quarter, subtracting 0.1 percentage points from growth. Farm inventories dropped due to the drought and that subtracted 0.4 percentage points from GDP growth. Government spending increased 3.7%, with the lions’ share coming from the federal government and a fairly flat spending pattern from local governments. Investment in the housing sector jumped 14.4%. Inflation as measured by the Consumer PCE or Personal Consumption Expenditures Index increased to 1.8% from 0.7% in the second quarter; most of that increase was due to high gasoline prices, which have started moving lower in the current quarter. Imports dipped …

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