For individuals, inflation has been an issue for a while, but for the market, it really wasn't. Over the last few days, the psychology changed.
More Quotes from Paul Mendelsohn:
Imports rose to a record 177.2 billion, while exports also increased, to a record 111.5 billion. This creates a higher probability that the advance fourth-quarter gross domestic product will not be upgraded substantially higher, since a higher trade deficit subtracts from GDP.Paul Mendelsohn
While that's a significant number, I believe that the consumer-confidence numbers are more significant. I'd be much more interested to see what the September numbers will be, so we can see what the damages on the economy from the hurricanes will be.
Paul Mendelsohn
This morning we're being dominated by two factors -- positive news across the pond and a little bounce off of yesterday's sharp sell-off.
Paul Mendelsohn
The yield curve is beginning to frighten people.
Paul Mendelsohn
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Anyone interested in becoming a professional umpire and becoming eligible to work in the minor leagues must attend one of the two umpire schools sanctioned by Major League Baseball.
Jim Evans
The beginning of thought is in disagreement - not only with others but also with ourselves.
Eric Hoffer