Thursday, April 17, 2014

An Incredible Day All Around: Stock Market; Price Of Oil; Ice Age

On April 9, 2014, I posted a long note regarding the dual mandate of the Federal Reserve. It was either in that note, or a follow-up note that suggested the Fed was much more concerned about one of the mandates more than the other, but it was mostly concerned about a strong stock market. I doubt there is one Senator or congressman that checks the unemployment numbers each day, but I doubt it is a rare Senator or congressman who doesn't check the stock market at least several times a day.

Donors need to feel rich if they are going to donate to their political parties. I doubt John Kerry checks the unemployment numbers even once a week, but my hunch is that Ms Kerry checks the stock market several times throughout the day.

It was interesting to hear that in Ms Yellen's first speech she said that the Fed must continue to support the stock market.

And then the market surges 160 points.

Back on April 9, by the way, Dennis Gartman told retail investors to get out of stocks! Now! Over at Yahoo!Finance the last two days the headline has been about "the coming crash." Today, the headline: now that the rally has begun, how should you invest? Truly incredible, huh? [This was originally supposed to be posted on April 16, 2014, but I didn't get a chance to finish it; will post as is.]

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here.

Ice Age? An Inconvenient Truth -- The Great Lakes Ice Cover

From IceAgeNow
“Ice cover over the Great Lakes as of April 15 is the most widespread on record for mid-April, covering over 39 percent of the Great Lakes,” says
That far exceeds previous years. In fact, only three other years came even remotely close. Even then, ice coverage reached only slightly more than half of this year’s total coverage.
I even hate to bring that up; the warmists tell us the discussion on global warming (discussion closed 2012) climate change (discussion closed 2013) extreme weather (2014) is over.