What’s Up – Sorry overslept this AM – Abbreviated update & having technical problems – Iran – Elections – North Korea – Mortgage rates – No change outlook
Iran
Elections in Iran are generating a lot of buzz within the country and the world. Ahmadinejad, lost a chunk of support when Hezbolah (his supported group) lost in Lebanon, The “green revolution” or major opposition candidate would take a somewhat more cooperative stance toward the rest of the world. His name is Mousavi. Photo and editorial from The Economist
North Korea
Both the left wing and right wing have it wrong. North Korea is not going to be sweet talked or bullied into anything. They realize the USA is in a weak position just like it was in the Vietnam war. We are still up to our necks in the quicksand with the Muslim world (Palestine, Iraq, Iran, Pakistan and Afghanistan, Therefore they feel they can get away with whatever they want.
STOCKS
AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING
| Index | Percentage % | Volume |
|---|---|---|
| Dow | +0.02% | down |
| NASDQ | -0.38% | down |
| S&P500 | -0.10% | down |
| Russell2000 | -1.05% | - |
Biggest problem out there right now is rising mortgage prices. Scroll down at following site & you will see data. showing interest rates for 30 year fixed mortgages going from 4.96 to 5.48% in May.
No real changes from Monday’s outlook. BDI continued to fall.
Long Term Outlook = CAUTIOUSLY BULLISH
See Changes in STRATEGY, POSITIONS, & OVERVIEW sections of blog
AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING !
