Rob Kirby's picture

Tomorrow, January 15, 2008, the Bureau of Labor Statistics [BLS] is due to release their report for December Producer Price Inflation [PPI]. Last month at this time the BLS reported a steep rise in prices for November led by stiff increases in prices of crude oil.

Tim W Wood CPA's picture

In spite of its criticisms, the Dow theory is once again proving correct. The one thing that the advance up out of the 2002 low has proven is that the single most important aspect of Dow theory is the concept of joint price confirmation above and below previous secondary high and low points.

Chris Puplava's picture

Last January I penned a piece supporting the out-performance of the health care sector starting out with the bright long term fundamental picture for the sector with the retirement of the baby boom generation, with the following comments:

Chris Puplava's picture

The markets sold off in early morning trading after the Institute for Supply Management (ISM) released their manufacturing report. The index fell 3.1 points in December to 47.7, putting it below the expansionary threshold of 50.0 for the first time since January of last year. December’s decline also marked the sixth consecutive decline in the overall manufacturing index, something that hasn’t happened since late 2000 into 2001 just prior to the last recession.

Chris Puplava's picture

A previous WrapUp on October 10th looked at a potential rebound for refinery stocks based upon historical price relationships between crude oil prices and refinery margins, 3-2-1 crack spread.

Chris Puplava's picture

This will likely be the shortest WrapUp I'll do for the year and by shortest I mean by length of text. A well known maxim is that a picture is worth a thousand words and with that being the case, I will put forth two arguments for why gold should remain strong despite short-term price swings.

Chris Puplava's picture

Highlighted in last Wednesday's WrapUp was a broad-based deterioration in both business and consumer confidence that poses a significant threat to the economy's growth going forward.

Chris Puplava's picture

No matter where you look, whether it's business sentiment, consumer sentiment, or even foreign sentiment, expectations and confidence are falling by the wayside and sharply.

Chris Puplava's picture

Despite the market's two-day rally, don't be fooled into thinking that the pain of the summer credit crisis is behind us. Quite the contrary, it's really just picking up steam

Chris Puplava's picture

When October's jobs report came out on Friday November 2nd, there were some questions as to the validity of the numbers. Maria Bartiromo asked CNBC senior economics reporter Steve Liesman to comment on the numbers.

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