The most recent estimates for the cost of Hurricane Sandy are at $50 billion. I’ll take the over on that, purely on informed instinct having seen the damage myself up-close at friends houses and at major destruction points throughout LI and NYC. Plus, whatever something costs around the country, add 50%. Pizza is $3 a…
Josh here – one of the most controversial aspects of the recent rally has been the non-confirmation of the Dow Transports, something that Dow Theorists and many technicians would want to see to “validate” any breakout to new highs. The idea is that the Dow Industrials make the goods and then the Dow Trannies move…
Below is Dave Wilson‘s chart of the day for Bloomberg from Friday, in which he looked at the Dow 30 since the crash of 1987. He notes that there are 14 holdovers from those days and wrote this bit about the old Dow names that have been down since then: Five companies removed from the…
How the affluent Americans surveyed view their future spending and the prospects for everyone else.