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BOB RINEAR
BOB RINEAR
BOB RINEAR's Article

6.8.2017 Bookmark

6.8.2017

Morning all, we've made it to "Super Thursday" and already the first of 3 events is out. 

6.7.2017 - Predictions...why they go bad Bookmark

In today's Free investing newsletter, we look at the problems with predicting things. There are many, but most of them begin with the old computer adage that if you put garbage in, then you'll get garbage out. Well to predict the future, whether it's a stock price or the economy, the problem is that the information you are basing your assumptions on, are often perverted. 

 

We also talk about the "big 3" on Thursday. We get the Comey testimony, we get the UK vote and we get the word out of the ECB concerning rates and their QE program. It's a lot to hash out. 

6.7.2017 - Free Letter Bookmark

Predictions

 

A prediction (Latin præ-, "before," and dicere, "to say"), or forecast, is a statement about an uncertain event. It is often, but not always, based upon experience or knowledge. There is no universal agreement about the exact difference between the two terms; different authors and disciplines ascribe different connotations.

6.7.2017 Bookmark

6.7.2017

Hello all, and a Happy Wednesday to you all....

Yesterday was a snorefest of epic proportions. On very little volume ( 45 million SPY traded) we ended the day with the DOW off 46 and the S&P off 6.  It was a lot like Monday, we just sat there bouncing up and down in a channel all day, and ultimately ending the show at the low end of that channel. 

6.6.2017 Bookmark

6.6.2017

Happy Tuesday to ya.....

Yesterday we closed out the day flat.  The DOW slipped by 22, the S&P by 3. It was another in a long string of low volume pause days.  I'm not positive but I think it was the second lowest volume day of the year. 

6.5.2017 Bookmark

6.5.2017

Good morning everyone, welcome back from your weekend. As I always do, I hope it was a good one for you all.  I won't bore you to tears with mine, since the weather sort of washed us out, and I have nothing fun to report. 

6.3.2017 - One Gram...The Start? Bookmark

The free letter is up for the weekend and in it we look at the new digital currency backed by a gram of gold, called cunningly enough "OneGram".  We talk about how or if this is going to affect the gold market, since it will allow Muslims that were barred from using gold for transactions, to begin. Estimates are that if just 1% start using gold assets, it will create 1000 tons of demand per year. 

 

Of course we mention the new all time highs too. They seem pretty common lately, despite the obvious slowdown in jobs and manufacturing.  

6.3.2017 - Free Investing Newsletter Bookmark

OneGram
 
Oh no, Not Gold Again!

Yeah, it’s Gold again. Maybe. Let’s chat about why....

6.2.2017 Bookmark

6.2.2017

Good morning everyone, we've made it to another Friday. Is it me or do they just roar on by faster and faster?  It sure seems like this week was a blur

6.1.2017insider Bookmark

6.1.2017

Hello everyone, happy Thursday to ya....

So yesterday was another slumberfest that ended with the DOW off 20 and the S&P down 1. Volumes were punk, but "they" did the job of reversing an 80 point drop to just a 20 point miss. They worked the S&P from down 9 shortly after the open, to down just 1.

This morning the futures are quite flat. At 8 am, we have the S&P up 1, the DOW down about 8. However the first round of economic news wasn't so hot. The Challenger Grey layoff report hit and it rose about 40%. Evidently, last month the employers went and laid off about 51K people, the biggest jump in a year.

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