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Member since: Tue May 13, 2014, 06:50 PM
Number of posts: 6,862

Journal Archives

Natural progression from TDS to tBOS

tBOS = trump burn out syndrome.

It's believed to have started after the 2018 mid term elections. Spreading from suburban moms in normally red districts out to the country side. Followed by farmers, who went looking for their best price with their largest client.

While not known to have had TDS, the tBOS has taken many in DC by surprise.

Strangely, small business and large tech firms were found to have come down with the same symptoms.

Banking and Wall Street appear to be immune.

New cases are discovered daily.

DOW 26403.

Previous close 26362. 52 wk high 27398. 52 wk low 21712. Today's low 26295. High 26514.

Last Friday's close 25628 for 8- 23- 19

NASDAQ : 7962 ▼

S&P : 2926

Soybeans : 8.58 ▲

Enjoy the Labor day weekend every body.

DOW 26362

Previous close 26036. 52 wk high 27398. 52 wk low 21712. Today's low 26185. High 26408.

NASDAQ : 7973 ▲

S&P : 2924 ▲

Soybeans : 8.56 ▲

Up day

Q2 GDP Revised Lower To 2.0% Despite Surge In Personal Spending

There were no surprises in today's first revision of Q2 GDP, which the BEA reported moments ago printed at 2.0% (2.040% to be precise), just as expected, and down modestly from the 2.1% (2.060%) initial estimate; the number was also down from the 3.1% annualized GDP growth in Q1.

The Q2 increase in real GDP reflected an even greater increase in consumer spending and government spending, while inventory investment, exports, housing investment, and business investment decreased. Imports, which are a subtraction in the calculation of GDP, increased. The increase in consumer spending reflected increases in both goods and services that were widespread across major categories. The increase in government spending reflected increases in both federal and state and local government spending.

DOW 26036

Previous close 25775. 52 wk high 27398. 52 wk low 21712. Today's low 25637. High 26041.

NASDAQ : 7856 ▲

S&P : 2887 ▲

Soybeans : 8.52 ▲

DOW 25775

Previous close 25901. 52 wk high 27398. 52 wk low 21712. Today's low 25721. High 26054

NASDAQ : 7826 ▼

S&P : 2868 ▼

Soybeans : 8.46 ▼

DOW 25901

Previous close 25628. 52 wk high 27398. 52 wk low 21712. Today's low 25716. High 25930.

NASDAQ : 7853 ▲

S&P : 2878 ▲

Soybeans : 8.52 ▲

Up tweet day ▲

We have reached the "hallucination" phase of the trade war.

Trump Says China "Called", Wants To Restart Trade Talks; China Denies, Has No Idea What Trump Talking About

“China called last night our top trade people and said let’s get back to the table.”

Trump says China wants to restart trade talks during a meeting with Egypt’s President #G7Summit
— Bloomberg TicToc (@tictoc) August 26, 2019

But one glimpse at Mnuchin's face (the worst poker player ever) tells you all you need to know about what really happened:

Reporter: "Did you mean to say that there was also a call last night or was there not actually a call?"

Steve Mnuchin: "There were discussions that went back and forth, and let's just leave it at that."

Trump : "Last night. And before last night."
— Bobby Lewis (@revrrlewis) August 26, 2019

Sure enough, algos which didn't care if Trump was lying, immediately kneejerked stocks higher:

However, Chinese foreign ministry spokesman Geng Shuang said he could not confirm Trump’s comments about further negotiations.

“I have no information about what the US side said about the phone calls over the weekend,” Geng said in Beijing. “I have not heard about that.”

Be careful out there.

DOW 25628

Previous close 26252. 52 wk high 27398. 52 wk low 21712. Today's low 25507. High 263320

NASDAQ : 7751 ▼

S&P : 2847 ▼

Soybeans : 8.42 ▼

Had computer problem yesterday. But, TGIF and enjoy the weekend everybody...

Its moving day at Liberty University for two Budds

That’s the case for North Carolina Republican Rep. Ted Budd, who’s sending his son Joshua off to Liberty University’s School of Business. The father-son duo tag-teamed the move into Joshua’s dorm room with help (or lack thereof) from an old colleague, former congressman and tea party favorite Dave Brat.

Joshua Budd, who’s entering his freshman year, will be majoring in outdoor adventure leadership with a minor in business, according to a spokesman from Budd’s office.

The major “strategically prepares you with the Biblical foundation and professional skills you’ll need for planning, organizing, programming, and marketing Christian camping and outdoor adventure ministry programs,” according to the university’s website.

Liberty, a private Christian university in Virginia, was founded in the 1970s by televangelist Jerry Falwell. It’s now led by his son, Jerry Falwell Jr., an early and vocal supporter of President Donald Trump.

About those degrees that can secure a good paying job? lol...
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