Its all Greek today on the Jack B. Show. Alan Rohrbach joins in the discussion with Jack and Sara. Technical and psychological views of the markets are given with special attention paid to China, Gold, the Aussie Dollar and S&Ps. Click here to listen to this podcast
Today, Europe is a headline I want to cover. All you have to do is look at the charts these past few months. Even prior to expiration, you saw a different market in the morning and a different market in the afternoon. I was speaking to people in Iowa about this. These people spoke in [...]
Folks, this morning’s ADP number blew away street. Private-sector payrolls increased by 325,000 last month, far surpassing the forecast of 178,000. Now the expectations for tomorrow’s non-farm payrolls are even higher, but the range is still pretty significant—the projections are anywhere from 110,000-200,000. Tomorrow’s number will be the real tell, of course, but it’s nice [...]
Housing remains in focus today, with starts rebounding to 9.3% and permits up 6%. Both of those numbers are much better than expected, and the market seems to like them early in today’s session. But they’re also not telling us the whole story. As nice as those numbers may sound, the fact is that a [...]
Folks, I mentioned yesterday how the PPI came out a little hotter than expected, and that I wanted to see today’s CPI come out in line with it. That turned out to be the case. When you subtract the core, producer prices increased .2% in September, while consumer prices rose .3%. That tells me that [...]
Well, folks, as I’m sure you’ve heard by now, Steve Jobs, the founder of Apple, lost his long battle with pancreatic cancer yesterday. He was 56 years old. Jobs was a true American visionary. The innovation and determination it took to bring the personal computer out of the garage and into the living room, the [...]
Folks, as I write this, the yield on the 10-year is 1.7%, and the reason is because there is a ton of confusion out there in the marketplace. So much, in fact, that people are willing to go into a net-negative interest rate situation (at least for the short term) because of the uncertainty with [...]
Folks, now that quadruple expiration is behind us, we’re entering into what I’m calling the beginning of the end of the quarter. These next couple of weeks will have a direct effect on what happens through the end of the year, and could also give us a glimpse of where things might land in terms [...]
Folks, I’d like to take this opportunity to thank Barney, Nancy, President Obama (out of respect for the office I won’t call him by his first name) and the rest of the charter members of the I Don’t Have a Clue Club for steering us into the highest level of poverty since they started keeping [...]
Folks, it appears like we’re on the verge, once again, of a Greek bankruptcy or default. I still maintain that this does not portend a breakup of the European Union. A default in Greece would be roughly the equivalent of, say, California or New York City going bankrupt—we’ve seen municipalities and states default before. Dysfunction [...]