Markets

Under President Obama, depending on which abacus you use, about $8 trillion of new debt was foisted upon an unwary public. Some say it is closer to $9 trillion. Simply put, President Obama gets the championship belt on debt. We are now to the point where last year, total interest on everything paid by taxpayers…

Still no power at the Kaltbaum abode…but not complaining…as long as the Giants win tonight. ETA for power was supposed to be last night, maybe today…maybe tomorrow. I know Duke Energy people are working their asses off so will just deal with it. We are the lucky ones as sooo many have lost their homes….

All we really have to do is report to you the news: In spite of North Korea, in spite of a couple of very costly hurricanes, in spite of an impotent DC (except for their spending), major indices had one of those mystery gaps on Monday and just kept going. Remember, IT’S NOT THE NEWS….

—-   “AUNT MARY AND UNCLE BOB!”—- —-By Gary Kaltbaum- September 15, 2017—- —-This email is being sent to the President!—-  —–Aunt Mary and Uncle Bob did not have a lot of money. They were living paycheck to paycheck, just getting by. But Aunt Mary and Uncle Bob were efficient with their lives and their savings….

Office back up…house still down…but being told by Sunday! 2 big hurricanes with massive losses, North Korea, another attempted London terror attack (did not fully detonate), inept Washington…and markets still cannot correct more than 2%. In fact, a few indices have gone topside.  When markets ignore supposed bad news and actually go up, it is…

Sorry about pre-market…still no phones or internet at office. Hotspot was spotty. Still nothing at the house. Yummy. I know they are working hard around Florida to get things up so no complaining. As I write this: THE SEMIS (SOX) looks poised to break out of a 14 week trading range. The SOX topped on…