1/25/2026
Markets finally turned in the summer of 1982. The long bear market of 1966 or 1973 to 1982 had finally ended. Even then the DOW was about 800, lower than the 1,000 tops of 1966 and 1973. Imterest rates were finally abating after their 36 year cycle high in 1981. See FED description her. An 11% unemployment rate, now that is negative mood! Today it is about 4.4%.
10$ CDs would soon be a think of the past. But rich dividends abounded in the stock market. Hence money began to flow from CDs to stocks.
At far right rates bottomed in March 1980 at .5% for the ten year Treasury. We are not in the sixth year or soon will be since then
lHere are a few negative signs.
NYC nurse strike in 14 th day.
Two shot and killed in Minneapolis, note Neither the Mayor or Governor is trying to calm thigs down, just the opposite. The WH cannot back down or it will never be able to enter another Dem controlled sanctuary city. Never mind whose side you are on we are tracking mood.
Severe storm across 35 states. Violent weather often accompanies a market high. In 1989 Japan had a typhoon, hurricane here as the market topped.
Her in San Antonio voters narrowly approved 52-48 $800 M for a $1.2 B basketball arena. A letter in the paper today questions the deal. This happened in 1929 when the tower Life building was completed.
the rest of the planned down town expansion was cancelled due to the Depression.
The Majestic Theater was completed that same summer. It was the largest theater in Texas and continued to be until 1975.
Canada's PM declares that small to medium nations need to create their own place at the table or end up on the menu, a clever phrase indeed. Trump of course threatened 100% tariffs. Regarding his Chinese foray, the PM replied he had to take the world as it is no as we want it to be.
hWhite House launches bid to save Melania movie. Melania will ring the bell to open the stock exchange one day this week, she will also appear on Maria Bartiromo's morning show.
tricolor went straight to CH 7 bankruptcy, like over nigth.
First Brands avoided CH 7 bt tanked as well.
Jamie Dimon commented when you see one cockaroach....
Two horror movies are no minated for best picture, Sinners with a record 16 nominations, and teh latest re make of Frankenstein. Exorcist was the dfirst horror film to be nominated for best pictuer.
It garnered ten no minations. And yes it won best picture. Nothing positive abut that or two no minated this year.
General Collateral Financing GCF is a repurchase agreement where the two parties do not know one another. This accounts for $5 trillion of the repo market. The idea is that Treasuries are used but the collateral is not specified. Gee that sounds just like the Archegos fraud which bankrupted Credit Suisse.
Multiple banks loaned Bill Hwang billions having no idea of his or their total exposure. He posted only 15% of the funds all else was borrowed. When CBS Viacom dropped more than 15%, he was wiped out. Morgan and Goldman got out that Friday, Credit Suisse was not so lucky.
We shall see how this unwinds.
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