Markos Kaminis

Take Profits in October as Confidence, Sentiment Waver

This is still fresh advice brother. Today only marked October 2nd, and I wrote it with more than a day in mind. We've correctly called bottoms for oil and the market, and have made countless other timely and correct calls over the years. So, stay attuned. God bless.

Greek

G8 Summit Gimcrackery?

Yes, but maybe the future will bring more relevant actions. It seems these summits are evolving into a UN offshoot. It's the right direction, talking over things with other nations, and from an economic and trade perspective at these meetings.

"Greek"

Employment Report Indigestion

Chandra,
I'm sorry, but you are missing an even more important point. While the number of unemployed is large and troublesome in absolute terms, the fact remains that the rate of flow into unemployment is easing up. Also, unemployment is a lagging indicator. For the trend to change from flow out of the workforce to flow into the workforce, first we must see a slowing of flow out of. While economic data points have continued poor, they have been less poor. Therefore, for those looking at second and third derivatives, we can see the light. This is why the stock market has recovered so much ground over the last few months. How can you ignore that fact? Of course, much of that improvement has come as investors have turned their sentiment from one of Apocalyptic nature to a more normalized outlook. I hope this helps those who were concerned about the unemployment rate to see through the noise. Thank you for your comment and God bless.
Markos Kaminis - Wall Street Greek