Michael Malone
Michael Malone
Michael Malone is an American author and television writer, born in Durham, North Carolina. He is best known for his work on the ABC Daytime drama One Life to Live, as well as for his best-selling works of fiction Handling Sin, Foolscap, and murder mystery First Lady...
NationalityAmerican
ProfessionAuthor
CountryUnited States of America
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ISM prices paid came a bit higher than expected and that stoked some inflationary concerns, ... I am bearish on the market right now for two reasons -- the Fed has indicated it's going to keep raising rates and there's been recent evidence that gas prices are beginning to weigh on consumer spending.
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Recently, when yields move down, the market has moved up. Investors are looking to the fact generally that economic growth worldwide is robust right now, so you're seeing a lot of these multinationals that participate in that doing quite well.
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It's especially important since September 11 for people to be trained for the unexpected. We want to try to make sure people are safe.
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The chances of the Bush administration accepting a truce would be pretty remote at best.
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Some people are mentioning that crude is creeping back up to US$70 a barrel, but people are focusing much more on interest rates now.
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The amazing thing about the house is the quality of the craftsmanship. The detail, whether in the woodwork or the glass of the windows, there is infinite detail, things I can constantly appreciate. The other thing is that it is elegant but not formal.
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It does appear that they are a bit better than what was expected and that may give a little bit of a lift to the market.
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Apple true believers are going to hammer this a thousand different ways on the details, but it caught the essence of Jobs and Gates,
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People are expecting that Libby will be indicted and Rove will continue to be investigated. That may have contributed to the weakness of the close yesterday. Obviously it is not positive for the Bush administration and may be weighing on equity markets,
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The earnings season got off to a very bad start with Intel and Yahoo and they are finding some relief today that they were not necessarily indicative of what we can expect for the rest of the fourth-quarter earnings season.
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The earnings season got off to a very bad start with Intel Corp and Yahoo and investors are finding some relief today that they were not necessarily indicative of what we can expect for the rest of the fourth-quarter earnings season.
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The market has run out of steam here, at least in the short term.
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If he (Rove) was forced to step down, it would be a pretty big blow to the Bush administration. A weakened Republican president who is seen as pro-business could raise some concern.
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Best Buy reported a disappointing quarter and we are seeing a bunch of earnings warnings after Hurricane Katrina, which is not good news. If this continues then it will begin to weigh on sentiment.