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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (1471)	6/25/2014 10:00:47 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26579

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 2.9 percent in the first quarter of 2014 according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2013, real GDP increased 2.6 percent. The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

To: robert b furman who wrote (1471)	6/25/2014 10:28:54 AM
From: Jerome	Read Replies (3) \| Respond to of 26579

Hey Robert..... You got some things right........... Presidents don't cause stock rallies or collapses....but they get full credit for them. Hoover did not cause the great depression (the wheels were set in motion at the end of Word War l ) But he gets full credit for it, because it happened on his watch. Unpredictable national or world events cause market rallies or collapses. If Iraq falls to the ISIL...that would be a huge negative for the overall market.....but possible a plus for some oil stocks. Politicians get goofier by day. I'm starting to see political ads from politicians who claim to know how "to reach across the aisle".....Well I got news for them. Boehner as Speaker of the House has no inclination reach across the aisle to Democrats, And Reid as Speaker of the Senate has no interest in working with Republicans. So I don't see how anything gets done. I think that the next President will have it even tougher than Obama......compromise is a dirty word and obstructionism will be carried to new extremes. This could be bad for the market, because doing nothing becomes a drag on the economy. I have had my best years ever...in the last three years. But I'm also making some defensive moves in case the market crashes. I have got about half of my portfolio of 30 stocks in high dividend stocks as AT&T, ESV, RIG, INTC, BP, GE, and I hope to add a few more like GSK and VZ. Predicting anything long term about the market is a fool's game. Good luck on your trip to Alaska (what will you be hunting??? or are you going play the survivor game, with just a few matches and a sharp knife?)