Categories

Login Status

You are not logged in.

Polls

Is Facebook overvalued at $40/share?

View Results

Loading ... Loading ...

Calendar

December 2017
M T W T F S S
« Oct    
 123
45678910
11121314151617
18192021222324
25262728293031

Morning Market Briefing – Wednesday- 10/02/2013

On Tuesday, investors celebrated the entertaining government shutdown! It was as if everyone was watching a terrible car crash from far away.  When first observing the crash, your body flows with adrenaline and excitement flows within.  But after learning all the consequence and casualties of the wreck, you start to feel bad.  This feeling gets progressively worst as the week goes by.

Stocks made most of their advance during the first hour.  The rest of the day, stocks hovered near their highs.  All ten sectors recorded gains as equities drew strength from typical beginning of the month inflows (as your 401Ks were buying high).

In Washington, the Special Olympic is getting messy.  Like monkeys, Obama and the Senate did nothing but flung enormous feces at the House.  They refused to negotiate and instead resided to just insulting and guilt tripping the republicans into submission.  In return, the House scooped up and tossed its own gigantic feces, agreeing to fund the bill one peace at a time.  Now, Obama, the Senate, and the House have positioned themselves in a no win situation where everyone is covered in shit.

This is the current state of our politics.  It is not that we have become as cynical as to designate our politicians as monkeys.  We are now to the point of describing them as crippled angry shit flinging monkeys.  It is only with this cynicism that we can maintain our sanity and smile.

This Morning we wake up to a market slowly learning what a government shutdown really means.  The few parts of government which we enjoy have been taken from us (such as our national parks and monuments).  And the fewer parts of government that we rely on, like the August construction spending report and other economic data, is not available.  We expect the next few days of be negative, with the bears in control.

This content is restricted to site members. If you are an existing user, please login. New users may register below.

Existing Users Log In
 Remember Me  
New User Registration
*Required field

Comments