Economic & Market Thoughts

Not mine, of course.  I’m not here to tell you what to do.

But first, I’d like to give a hearty welcome to the new members who joined yesterday and last night.

As China manufacturing falls to 9-month low (Globe and Mail) and Europe Economy Weakens as Output Falls for Seventh Month (Business Week), we awoke to strong futures as Easing Not ‘Done Deal’ but Markets in Rally Mode (CNBC).  Summing it up is Simon Dishman.

“Germany will very shortly be subtracting from growth in the rest of Europe” at Mauldin.  Richard Russell is grumpier than usual.

I saw him getting teased, but Doug Kass is bearish (The Street).

Yet the US auto and housing industries are strong.  Housing inventory gets tighter (Calculated Risk), the builders rally (IBD) and Toll is particularly bullish (Business Insider).

Futures softened as I wrote this and don’t expect play by play commentary in the future.

Happy 9th anniversary to my dear wife!

2 thoughts on “Economic & Market Thoughts

  1. J.J.
    Gold prices have had quite a move to the upside recently. Is this a good time to make a play in the precious metals market?
    John

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