Danielle spoke to Phil Mackesy of Talk Digital Network today discussing recent developments in the global economy and world markets. You can listen to the audio clip here.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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I really do value your blog and podcasts, but you slipped up on Thursday. You said 57% of U S children are “below the poverty line.” Actually the Census Bureau’s latest estimate is 22%. For the all-ages population it’s 15.1%. This is for 2010; I doubt it has doubled since. Yeah, it’s bad, but it could be a lot worse.
Source: http://www.census.gov/newsroom/releases/archives/income_wealth/cb11-157.html
I have to look into this as I know I got the stats from a recent report I read this week. I agree I was shocked that the numbers cld be so high, and maybe I got something wrong. I am traveling today but will look for the report asap and amend any error or misunderstanding I may have had.
Thank you, Best regards, D
The Santa Claus rally is floundering. The markets may be up over the last few days, but some of the big name stocks I was invested in are still moving down. I had put stops on several of these and they kicked in during the recent drop, my capital was preserved and I made a little. Although itching to buy them back, and even with the Santa Rally they still havent reached the level mine sold off at, and I notice a few of them are still going lower. I look at Cory’s graphs daily I realize I must maintain the stops on those stocks I still own, and wait with cash onhand for better opportunities when they appear. Merry Christmas Danielle, Cory and family and thanks for the information you provide here. For those that take time to listen to your opinions and review the facts you present it makes a difference and in the end we are responsible for our own investments and your information helps make decisions we can be comfortable with whether we agree or disagree. More often I find myself in agreement.
Many thanks for sharing your valuable opinions.
Come across this article today. In the beginning of the article it has a simplified version of ECB’s recent action in, we say, layman’s terms. http://www.marketoracle.co.uk/Article32265.html
BTW, if you are looking for some laughs during the holiday seasons, try “Yes, Prime Minister” It is a political comedy series from UK (I think). I thought it was very funny, intelligently written with superb acting.
Happy holidays. JW, Vancouver
I actually shorted some MCD this morning…against the Rule of 94 but I feel its a crowded trade. Wish me luck!
Have a Great Holiday Season…D&C