A Word From Bob

As Seen & Heard

Contact Us

rss

Invest Yourself

The FREE Investment Newsletter That Really Works!

1.27.2015 Look Out Belowwwww! Bookmark

So after hearing how wonderful our economy is - according to Obama, today we see the DOW start the day down 300 points. Why? Well the big multinational corporations that rule the economy are having a hard time selling their "stuff'.  UTX missed, Micro-Soft missed, Proctor missed, CAT missed by a mile and reduced their outlook by lightyears. Then we got durable goods which they thought might come in with a rise of 0.3%, but unfortunately came in DOWN 3.2%.  Shall I go on?
So after hearing how wonderful our economy is - according to Obama, today we see the DOW start the day down 300 points. Why? Well the big multinational corporations that rule the economy are having a hard time selling their "stuff'.  UTX missed, Micro-Soft missed, Proctor missed, CAT missed by a mile and reduced their outlook by lightyears. Then we got durable goods which they thought might come in with a rise of 0.3%, but unfortunately came in DOWN 3.2%.  Shall I go on?

Nah, you get the point. The global picture is just too bleak for these big companies to deal with the currency wars going on. If you add in the situation with the Swiss, if you consider that the Euro-zone had to break their own charter and launch QE, if you look at Japan printing 80 trillion yen... you have to come away with the idea that "something stinks in Denmark"  Oh wait... Denmark lowered their interest rates. Go figure.

Showing 0 Comment

Social Media

Bob Recommends