Doug Short | TalkMarkets | Page 94
Vice President of Research at Advisor Perspectives
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My original dshort.com website was launched in February 2005 using a domain name based on my real name, Doug Short. I'm a formerly retired first wave boomer with a Ph.D. in English from Duke and a lifelong interest in economics and finance. In 2011 my website was acquired by more

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In The Spirit Of Martin Luther King Jr.: Reflections On Income Inequality
The per capita income gap between blacks and whites 1967 was 46%. Forty years later, in 2007, the gap reached its narrowest at 35%. The latest annual data, though 2012, puts the gap slightly wider at 36%.
S&P 500 Snapshot: The Tuesday Bounce
Today's gain was the largest since the 1.66% surge on December 18th. It erased about 85% of yesterday's loss.
S&P 500 Snapshot: Selling The Start Of The Q4 Earnings Season
With Q4 earnings season ready to shift into high gear, the US indexes shifted into retreat. The S&P 500 opened fractionally lower, rose to its 0.06% intraday high an hour later. It then began a sell-off that gradually accelerated. Some buying the dip trimmed the closing loss to 1.26%, the worst daily close since November 7th.
Gasoline Price Update
It's time again for my weekly gasoline update based on data from the Energy Information Administration(EIA). Rounded to the penny, Regular was unchanged and Premium fell a penny. Regular and Premium are down 46 cents and 40 cents, respectively, from their interim highs in late February of last year.
Demographic Trends In The 50-and-Older Work Force
In my earlier update on demographic trends in employment, I included a chart illustrating the growth (or shrinkage) in six age cohorts since the turn of the century. In this commentary we'll zoom in on the age 50 and older Labor Force Participation Rate (LFPR).
World Markets Weekend Update: Europe Is Rising
Over the past week, five of the eight indexes on my world markets watch lists posted gains.
Market Cap To GDP: The Buffett Valuation Indicator
The metric gained popularity in recent years thanks to Warren Buffett's remark in a 2001 Fortune Magazine interview that "it is probably the best single measure of where valuations stand at any given moment."
The Full-Time/Part-Time Employment Ratio Shows Little Improvement
Let's take a close look at today's employment report numbers on Full and Part-Time Employment.
ECRI Recession Watch: Weekly Update Advisor Perspectives
The Weekly Leading Index of the Economic Cycle Research Institute is at 133.0, up from last week's. The WLI annualized growth indicator to one decimal place came in at 2.5, up from last week's 1.9.
New Jobless Claims At 330K, A Bit Better Than Expected
The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 330,000 new claims number was a 15,000 decline from the previous week's 345,000, an upward revision from 339,000.
S&P 500 Snapshot: The Index Rises After A Confusing Employment Report
The much anticipated December Employment Report was a bizarre mixed bag -- weak job creation but a surprising decline in unemployment.
Anticipating The December Employment Report
The most important economic news this week is Friday's employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists.
Current Market Snapshot
European indexes were in rally mode before the US markets opened, and the EURO STOXX 50 subsequently logged a 1.36% Tuesday gain. The 8:30 AM Trade Balance data came in much better than expected. The S&P 500 opened near its 0.11% intraday low and rallied to its 0.73% intraday high a little over an hour later.
The S&P 500, Dow And Nasdaq Since Their 2000 Highs
So far the 21st Century has not been especially kind to equity investors. Yes, markets usually do bounce back, but often in time frames that defy optimistic expectations.
Crestmont Market Valuation Update
Based on the December S&P 500 average of daily closes, the Crestmont P/E is now 80% above its arithmetic mean, up from 79% above mean the previous month and 73% the month before that.
World Markets Weekend Update: Year-End Rally Followed By Profit Taking
The past week straddled the boundary between 2013 and 2014 and was variously interrupted by holidays. But the dominant pattern was profit taking in the opening days of 2014.
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