Fact Tuesday

Hehe, good pun, no ?

So after yesterday's erudite post of scholarly thoughts [ ;-) ], today reverts to the markets. Since Babblevision and so much of the financial press provides an incessant stream of unsupported opinion [ aka fearmongering, etc. ], I want to give you a diegesis* of facts from the news of this weekend and today.

1. Copper breaks up out of a consolidation pattern to $3.67
2. Three major steel makers agree to 65% price increases for iron ore.
3. Oil back to $97.

So do those facts evince** recession for the economy? No.

Soon, the reality of the growing world economy will provide sepulture*** to all the fearmongering and recession-mongering those beefer bears.

Be patient. Buy good stocks on dips.

PS: Europe was up bigtime on Monday; Asia was up last night. US futures are up.

PPS: The problems in the aution rate municiple market means big refinancing business for the muni bond underwriters, viz, many big banks.

Words of the Day
*Diegesis - noun [$1000]; also "diegetic" adj.
"Diegesis" means 1. narration, narrative; in a speech, the statement of the case; 2. a narrative; a statement of the case.
Sentence: see * above.

**Evince - verb, transitive [$10]
"Evince" means 1. indicate, to make evident; 2. show that one has (a quality)
Sentence: see ** above; or "Hillary's campaign evinces collapse." This fine word permits one to succinctly make that statement, versus an the Gen Y version: "Hillary;'s campaign looks like it's going to collapse." One word, "evince" replaces "looks like its going to".

***Sepulture - noun [$10] (literary) [rhymes with "sepulcher" - accent on 1st syllable]
"Sepulture" means the act or an instance of burying or putting in the grave.
Sentence: see *** above; or "Will the voters of Ohio and Texas give sepulture to Hillary's campaign."