Years ago, I was asked to write a quarterly column on the economy and the stock market for Inside Business. It is that time again, and my deadline is Monday. Subject to change, I’m thinking the theme will be the triumph of politics over economics. Yesterday was a good example. Even though the ISM data and car sales exceeded expectations, the stock market ignored both…
Historically, September and October are the worst months of the year. Further, either the first or fourth quarters are usually the best quarters each year. Today, the world started the fourth quarter on a weak note, with both Asia and Europe down about 2%. At this hour, futures indicate the U.S. markets will open down slightly. Given the continuing crisis in Europe and nagging impotence…
