Saturday, October 17, 2009

Revolutionary Roads?

Not all who wander, are lost.

Freedom comes to she and/or he who, rethink(s) the thunk...
Me Thinks

Sunday, October 11, 2009

Into a BLACK HOLE (the value of the US Dollar)?

Friday, the 30-stock Dow Jones industrial average finished higher by 78.07 points, or 0.80%, at 9,864.94 - the highest closing level in a year...

The broad Standard & Poor's 500-stock index was up 6.01 points, or 0.56%, at 1,071.49. The tech-heavy Nasdaq composite index gained 15.35 points, or 0.72%, to 2,139.28. On the New York Stock Exchange, 18 stocks were higher in price for every 11 that declined. Breadth on the Nasdaq was 18-8 positive. Market players were looking to next week's earnings reports and retail sales and industrial production data - to see if a recovery will be picking up steam - to justify strong gains since March. The stock market will be open on the Columbus Day holiday while the bond market will be closed. Treasuries plunged Friday as Bernanke acknowledged that the Fed will eventually have to hike rates. The battered dollar index was higher on Bernanke's comments. The Wall Street Journal reported Friday that the biggest story in the world economy is the continuing fall of the U.S. dollar (or at least it is - everywhere outside of Washington, D.C.)...

Me Thinks