Financial Review

How to Eat a Bank

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-10-2015.mp3Podcast: Play in new window | Download (Duration: 13:14 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 98 = 18,057 SPX + 10 = 2102 NAS + 21 = 4995 10 YR YLD – .01 = 1.95% OIL + .99 = 51.78 GOLD + 13.80 = 1208.30 SILV + .34 = 16.59   For the week, the Dow is up 1.6 percent, the S&P is up 1.7 percent and the Nasdaq is up 2.3 percent. Both the Dow and S&P notched their second straight week of gains.   Oil posted its fourth consecutive weekly gain. The oil rally coincided with a stronger dollar, which weighs on dollar denominated commodities. In March, the prices the U.S. paid for imported goods and services fell for the eighth time in the last nine months, even though the cost of foreign oil actually rose for the second straight time. Import prices dropped 0.3% last month, or an even steeper 0.4% excluding fuel.   The sharply lower cost of imported goods is a double-edged sword. We may pay less for commodities and all sorts of goods such as cell phones and electronics; and that can stretch paychecks. Next Tuesday the Commerce Department reports on retail sales and we’ll find out if shoppers are in a spending mood or a savings mood. A strong dollar is also great if you plan to travel abroad; they say April in Paris is pretty nice. Yet the strong dollar also makes US goods and services …

READ MORE →

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 …

READ MORE →