Friday, April 18, 2014

FRIDAY 4/18/14; Good Friday; US Markets Closed

Asia markets are quiet as Christians prepare for the holy Easter holiday. Japan, South Korea and China are trading. The NIKK gains +4% this week fueled by the lower yen with the dollar/yen moving up from under 101.50 to 102.57. Banzai! The SSEC ends down and KOSPI ends up. US markets are closed in observance of Good Friday and will not reopen until Monday.




[Text is Redacted: Purchase April 2014-04 to Read the Complete Chronology]











A 7.5 earth quake hits near Acapulco shaking Mexico City. The Whitehouse is delaying the Keystone XL pipeline project again, for the umpteenth time, to after the elections. Folks in the Midwest are hung out to dry and losing out on high-paying jobs that would fuel local economies. President Obama does not want to approve the project because he would lose voting support from the democratic environmentalists so the Midwest, where many States tend to be conservative thinking, suffers. Watch railroads such as CP that transport oil, albeit in a more dangerous way. Warren Buffett owns significant interest in the rails so the president’s decision to continually delay the Keystone XL pipeline greatly benefits his wealthy friend.

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