The Flinchum File
Thoughtful Economic Analysis and Existential Opinions

G-20 meeting filled with intrigue

11/16/2008

If the journey of a thousand miles begins with a single step, this weekend was probably a good first one. Albeit reluctantly, the U.S. convened a special meeting of the 20 most economically important nations in D.C. this weekend, which was described as the “Platitude Summit.” The nine-page closing press release contained a pledge of … Continue reading G-20 meeting filled with intrigue

Was today the bottom?

11/13/2008

Long time veterans of Wall Street believe it is not safe to say the bottom has been reached until the market touches closing price on the worst day a second time and bounces back up. Today, the market did that and ended with a huge 552 bull run. Does that mean the bottom is here … Continue reading Was today the bottom?

ISM Report Is Telling

11/10/2008

The S&P fell 3.9% last week. One of the primary reasons was the latest ISM Report by the Institute of Supply Management. A score of 50 indicates no growth. A score of 40 indicates a serious recession. This week, it was 38.9, which is the lowest since September 1982. Look at this graph. The rapid … Continue reading ISM Report Is Telling

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