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Posts Tagged ‘GOP’

2013/10/04: Commentary: Your Government at Work… or NOT!!

October 4, 2013 Leave a comment

© 2013 ROHR International, Inc. All International rights reserved.

COMMENTARY: Friday, October 4, 2013.

CNBCemplRPTnotPEARSON-131004CNBC – Hampton Pearson with the September US Employment Report (which everyone knew was not going to be released due to the government shutdown) from the US Labor Department

And the number is… ??????? 

Can’t tell ya. Don’t know.

What a way to run a railroad. And here are the wizards in Congress at the switches again, hoping they can time the shift into continuing operations timely… as in before the US government train heads off the cliff again.

And as we noted yesterday, while we hope and expect Congress will find a way to pass not just a Continuing Resolution on spending but also the far more critical Debt Ceiling increase timely to avoid an October 17th US government default, with these folks you never know. And the ‘failure is not an option’ crowd is back out in full flower. But as we noted on Tuesday, they also held that view right up to the actual failure back in August 2011. So no real cause for comfort there.

The Current Rohr Technical ProjectionsKey Levels & Select Comments are also already available via the link in the right-hand column. [Please note we did not post a TrendView Video analysis from yesterday afternoon because it was obvious the S&P 500 and other markets were slipping into a quiet finish for the week. That is consistent with our Global analysis from yesterday morning. Our full Global analysis based on today’s Close will be available over the weekend.]

As a bonus today, there is more Commentary video on the degree to which the US budget gridlock can be readily solved if…

 

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2013/10/03: Commentary: Got that old ‘2011’ feeling back… and not just us!!

October 3, 2013 Leave a comment

© 2013 ROHR International, Inc. All International rights reserved.

COMMENTARY: Thursday, October 3, 2013.

 CNBC-OBAMAharwoodINTVW-131002Crisis? What US government funding crisis?

Uh-Oh… even the Prez is allowing this one ain’t good!! We don’t agree with a lot of what the President has put in place (in fact we disagree with most of it.) Yet he was right to caution that markets are likely being too sanguine in the face of these unyielding positions on both sides.

You’d think from the way the markets are behaving there is no crisis looming in the US. This could be a major bit of cognitive dissonance brewing for the investor class (including more than a few ostensibly well-informed fund managers.) What we are witnessing is a short term disconnect that most folks expect will be readily corrected, yet which might carry more dire implications even across the short term.

While not wanting to play Cassandra, this all feels a lot more like July 2011 Redux than anything seen in any of the mini-crises since then.

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2013/10/01: Commentary: GOP paints itself into a corner… and worse

October 1, 2013 Leave a comment

© 2013 ROHR International, Inc. All International rights reserved.

COMMENTARY: Tuesday, October 1, 2013.

130939-STEWARTshowSHUTDOWNeveWONKA

Daily Show – Jon Stewart and the ‘Wonka Message’ to the GOP’s right wing firebrands

Jon Stewart is well to the Left on the political spectrum. As such, we disagree with a lot of what he considers enlightened policy and politics. However, the shenanigans of the right wing of the Republican Party (and the leadership which has been coopted by it) have made Stewart and most Independent voters and even moderate Republicans/conservatives kindred spirits.

We have quite a bit more to say below on the many ways the GOP has looked bad and performed worse in the manner in which it handled the current budget confrontation the Democrats. The Stewart clip is worth watching for two aspects that resonate with many US voters. The first is his sense of exasperation… that is shared by everyone outside of the far right wing of the Republican Party. The second is Stewart’s naturally funny delivery on such an otherwise troubling topic.

After that we are going to launch into a vigorous dissection of the myriad ways in which the GOP leadership being seduced by the siren call of a government shutdown confrontation is totally counterproductive for a Republican Party that had shown some real gains right into Mr. Obama’s re-election last year. Really quite tragic for all the moderate conservatives out there.

 

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2013/09/27: TrendView VIDEO Analysis: Equities

September 27, 2013 Leave a comment

© 2013 ROHR International, Inc. All International rights reserved.

VIDEO ANALYSIS & OUTLOOK: After Market for Thursday, September 26, 2013.

 130926_SPZ60_30VID_1530

 EQUITIES

The video timeline opens with some macro factor discussion, and continues with December S&P 500 future short-term view at 03:00 and intermediate term analysis from 04:50. The mention of the other equities, govvies and foreign exchange is from 07:20, with a brief return to the short-term December S&P 500 future from 09:10.

For anyone who has not already seen them, we suggest viewing Equities & Fixed Income as well as Foreign Exchange TrendView video analyses available in the blog from yesterday morning for a more extensive discussion of the various asset classes’ trend dynamics.  

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