(as of 7:15 PST)
Markets are digesting
yesterday’s gains. The markets were
strong excepting the disappointment that went along with the new launch of
Apple I-Phones. Consolidation today might
be a sign of strength, especially if there is even a small drift upwards as the
day progresses. Gold is getting hammered
for the second straight day perhaps because geopolitical pressures are easing,
including Syria. Oil is up slightly but
looking for direction from the global economy.
The US dollar is generally up against other currencies. Jobless claims were down, but the report is
being ignored by investors because of unreliable data. The strong market performance of the last
week has come as a big surprise to most investors in light of the headwinds of
Syria and the Federal Reserve Bank’s expected withdrawal of some economic
stimulus.
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