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Election Results: The November surprise will be Trump wins

WASHINGTON, November 8, 2016 — Almost every poll suggests that Hillary Clinton will win the U.S. presidency tomorrow. But what if Donald Trump wins? While polls say the popular vote is close, the math of the Electoral College favors Clinton. Does Trump have a chance? Some analysts say Clinton’s Electoral College lead is insurmountable; Clinton could get as many as 325 ...

10 Sears, 68 KMart stores to close, Thursday stocks stumble

WASHINGTON, April 21, 2016 – Very short column today. Trading action in U.S. markets was so strange today that it defied a meaningful description. Volume was anemic, evidence of a decided lack of enthusiasm even by the permabulls. Is this market worried that the Fed may surprise and jack interest rates in June? Too early, ...

Stocks off sharply on Fed fears, stronger dollar, weaker oil

WASHINGTON, Dece. 2, 2015 – Very little of interest going on today on Wall Street as stocks wander and decline, as investors glean whatever they want to out of Janet Yellen’s latest remarks about interest rate decisions being “data driven,” whatever the Sam Hill that means. Is that like how global warming climate change is ...

Tuesday, Wednesday markets meander as stock rally stalls

WASHINGTON, Oct. 14, 2015 – From in the tank a few weeks ago to way-oversold last Friday, post-Columbus Day markets have decided to slip back into the red again this week. Air went out of the latest rally’s sails Tuesday, and approaching noon Wednesday, the selling is heavying up on moderate volume thus far. The ...

Poor jobs report: Trouble ahead for the U.S. economy?

WASHINGTON, Oct. 3, 2015 − Recently released jobs data indicates that only 142,000 new jobs were created in September. Worse, the August number was revised downward to show only 136,000 jobs created. While the Obama administration continues to tell us that the economy is strong and the unemployment rate is down to 5.1 percent, the ...

Obama’s full-scale attack on coal imperils all Americans

SANTE FE, New Mexico, August 3. 2015 − Out here in New Mexico for two weeks, we’re running on Mountain Daylight Time (MDT), which is two hours behind Washington’s − and Wall Street’s − Eastern Daylight Time. Hence, the reports we’re able to submit this week will be running behind the tape. It’s for that ...

Federal Reserve chooses to hold rates steady. For now.

WASHINGTON, June 17, 2015 – The Federal Reserve’s Open Market Committee (FOMC) minutes were officially released on schedule Wednesday afternoon. Stock averages had moved from positive to negative prior to the announcement, but are now attempting to rally again amidst considerable volatility. Today’s minutes put the final nail in the coffin of June interest rate ...