Asia trades mixed with the NIKK marginally lower. The Japan
10-year yield drops like a stone to 0.58%. Australia and Korea take it on the
chin with the SPASX200 and KOSPI dropping -0.9% and -1.2%, respectively. The
electronics and auto stocks perform poorly in Korean trading. Dollar/yen
101.99.
Russia continues to move equipment and supplies across the
eastern Ukraine border to aid pro-Russian separatists.
[Text is Redacted: Purchase June 2014-06 to Read the Complete Chronology]
[Text is Redacted: Purchase June 2014-06 to Read the Complete Chronology]
The weekend newspapers will pump the stock market new
all-time highs in the headlines. Pundits, analysts and traders are chanting for
Dow 17000 which is only 50 points away. A bullish frenzy is occurring after Fed
Chair Yellen proclaims a higher stock market forever.
Amazon’s new smartphone offering is receiving an unenthusiastic
welcome. A survey by SuveyMonkey shows that about 75% of the participants would
not consider the new Fire phone. Folks are content with the smartphone they
own, be it an iPhone or droid, and at the same time think the Amazon Fire phone
is overpriced. Others do not like the exclusive deal with T as the provider.
AMZN drops -0.9% in today’s trading. Perhaps the Jeff Bezos luster is fading.
The influx of illegal immigrants through the southern Mexico
border continues unabated. The States are overwhelmed and cannot handle the
tens of thousands of unsupervised children flooding into America. President
Obama says that children entering the US will not be turned away and later on
their families may be allowed to enter to care for the children. This guideline
has whipped Central and South America into a frenzy sending their children
north to the US in droves. The Whitehouse is now frantically trying to stop the
influx and reverse the problem created by compassionate zeal.
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