In The News – Thursday, September 18th Edition
Dow Closes at a Record as Fed Reassures on
changed in the new Fed Statement? Here’s
a very good way to see it visually.
Here is an exchange between
Tennessee Senator Bob Corker and Secretary of State John Kerry. Make up your
Well, go figure. Isn’t this shocking! I’ll have to say, though, that I don’t lump
the financial media into this basket with a few exceptions.
Maybe all the new bulls coming out of the
woodwork had an effect. $1.2 Billion went into stock based mutual funds
in the week ended Sept. 10th. The
prior week had seen a $4 Billion outflow.
I mentioned CalPERS’ exit from their Hedge Fund
investments and wondered if it might start a trend. Apparently
that is a real possibility. Hardly
surprising as CalPERS has tended to be a first mover and opinion leader in the
public pension market.
Walt Mossberg, arguably one of the top opinion
makers in the Technology arena, says
of the new iPhone 6, “In my view, it’s the best smartphone on the
Mr. Gartman is “quietly
bullish” on crude oil. Despite his tortured semantics,
he makes a good point. Up on bad news is often a good sign.
Interesting article in Atlantic
Magazine, not exactly known as a bastion of
conservative thought. Apparently women believe that when threatened Republicans
are their safest bet. It reminds me of the old story
about the Liberal and the Conservative and the Texan being mugged and their
If you use an iPad or iPhone, iOS 8 just became available yesterday. I downloaded it last night and it took a few
hours so I would recommend doing it overnight.