On Friday, President Obama remarked that “the private sector is doing fine,” especially relative to state and local government employment. Partisan opponents got so excited about this “gaffe” that they forgot to show contrary data.
Marketwatch put together a few charts, some of which actually supported the President’s view, and some, like this one, which supposedly paint a more tepid picture.
But notice that this is a chart of year over year profit growth. Second-derivative divination does not…
In a note yesterday morning to members, we were looking for an oversold rally, and said rally still has yet to materialize in any big way. We still think the S&P will close the week closer to 1300 than to 1250, but that’s a conviction loosely held.
The two biggest questions on our minds for the remainder of the week are:
Will the financials stop dragging everybody down? $BIX, $BKX, XLF all had a good day today, but they…
[Members, be sure to check in for the weekend portfolio update.]
The Financial Times has a fascinating interactive map of key oil players and movements.
Roger Nusbaum profiles one of several forthcoming frontier ETFs. For when BRICs get too boring, you can own some Poland, Chile, and Egypt.
Greg Feirman wonders whether Lehman really is bankrupt; in Barron’s, Steven Sears notes that the premiums in LEH options “show that investors think the stock is more than twice…