SATURDAY 4/5/14

China’s property market continues to cool with home sales in the major cities down about 40% from one year ago. Oddly, house prices remain elevated. Japan places a destroyer in the Sea of Japan to address any further missile aggression by North Korea. Fears increase that the deadly Eboli virus may be propagating across West Africa. Outbreaks are noted at Guinea, Sierra Leone, Liberia and now Mali. Mines are closed in these areas as health officials attempt to contain a potentially devastating pandemic.

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A ping sound is detected in the southern Indian Ocean that may be the black box from the missing Flight 370 airliner. Millions vote in Afghanistan elections despite sporadic violence. 58% of eligible voters show up at polls despite the Taliban violence. The US State Department cannot account for $6 billion in funds. Corruption, wasteful spending and nefarious activities increase as government bureaucracy expands. Television personality Ben Stein advises folks to buy the spiders, SPY, which is the long S&P 500 ETF, which prints 190 this week. Ma and Pa are taking their entire life savings and placing it into dividend and blue chip stocks. This advice would not be wise if the dividend stock bubble continues popping creating price failure.