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In The News – Friday, October 10th, 2014 Edition
Posted Oct 10 2014 7:00AM
  • Better call your bookie. Microsoft’s Cortana correctly predicted 13 of 15 games in week five of the NFL season. For the year it is 47-29. Here are the picks for this week.  The interesting one to me is the one where Cortana goes against the Vegas line by picking the Steelers over the Browns.

  • Saw a great interview with Leon Cooperman yesterday on CNBC. 30% of the S&P 500 have dividend yields that exceed the Ten-Year Treasury.

  • Dennis is a smart guy but he has been whipsawed almost every time he has made a call on the stock market.

  • Crude settles at lowest price since 2012. Weak dollar and supply coupled with weak economies in Europe. Good for consumers. Could this be a good buying opportunity? Some strategists think we’re headed back toward $100/bbl this winter. The key may be what the Saudis do. So far they have kept production flat at 9.6 million barrels a day. Will they cut back to bring Crude back in the $95/bbl range.

  • If there’s anyone in that part of the world we should be arming it the Kurds. They’re apparently running low on ammo. Someone in charge of foreign policy – ahem, ahem – ought to be doing everything possible to keep these guys in the fight. 

  • Apparently murders by steam, hot vapours and hot objects correlates positively with the age of Miss America. You heard it right. I’m guessing it may be the result of jealous wives throwing boiling water on leering husbands. Actually, it’s a great example of correlation not necessarily being causation. It’s the kind of argument we see all the time from people trying to prove some point or another where there is no real evidence. If you want a PhD in Civil Engineering you need to eat plenty of mozzarella chese. I question whether the marriage rate in Kentucky example is a good example. When someone drowns by falling out of a fishing boat it makes perfect sense to me that the marriage rate might go up. The same holds for the positive correlation between people electrocuted and the marriage rate in Alabama.