S&P 500 is staying above 200 DMA of 885.03.......
Oil is down again by $1.38 to $62.67....as fear still lingers about strength of recovery.....
Stimulus money has NOT trickled to programs yet due to bureaucratic steps..it will take up to 18 to 24 months before it is all used up.....September will be the start of this allocation in any meaningful manner.....
Gold down 80 cents to $923.20
Canadian $ down 20 tick against US$
Portfolio is IPI,MRVL,SOL,TLM.....
@ 12.12 following are green :
MRVL,SOL,TLM,IBN,KGC,BRCD,TKC,JRCC,LVS,
GG....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Down here in GA, the people have not seen a penny of spending, so far... Some agencies say they have money. However, shovel ready projects are idle. State of GA still not giving tax refunds from April. They owe me $3! Gas $2.35, traffic average, small businesses closing, ATL city counsel raised proerty taxes 46% + 12.5% increase in water rates.
Best Regards
Hi Standards,
Yes..stimulus was done in a hurry..pass a number first and then worry about logistics of implementation.
Most state are scrambling for dwindling revenue as it was spend spend & more spending before???
Saleem
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