Sense on Cents

Normal?? What’s that? Abnormal?? What’s that? Long term buyers? Who are they?? Isn’t the long term merely made up of a series of consecutive short terms? Oh, the headache of it all!!

Is this entire economic tsunami the equivalent of the scene in Frankenstein where the good doctor asks Igor what the name of the brain was that he implanted into the young monster. Igor responds that it’s Abbie Normal. In a similar regard, is the government intervention into our capitalist system a plan intended to heal the patient but resulting in the creation of a monster instead?

So much to address with so many issues and problems. Let me attempt to keep this relatively brief (I know…not my forte) with some outstanding links to pieces and stories on some of the higher profile stories of the day.

Our equity markets continue to gyrate within the same overall range as it looks for the next major piece of economic news, that is November’s unemployment report, to be released Friday morning at 8:30am. It is a foregone conclusion that the report is going to be ugly with expectations that the number of jobs lost in November exceeded 300k with the unemployment rate likely moving into the low 7% range. Anything better than those numbers will likely be discounted. We all know the rate is moving to at least 8%, perhaps 9% and hopefully not 10% or higher.

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