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September, 2017

Daily Recap

Stock markets were fairly calm around the world, as people digest president Trump's interesting speech at the UN yesterday.  The Asia Dow gave up 0.14%, and the STOXX 600 lost 0.04% on a basically featureless day.

 

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Still Time for the Cyclicals?

by Jon S. Strebler

 

There’s Hurricane Jose, and two more behind it that may cause much more grief. Plus, we’re only about half-way through hurricane season. But at least in terms of Florida and Texas, Hurricanes Irma and Harvey, the US is into recovery mode and that, as discussed last week, will be a great boon for the construction industry.

 

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Richard’s Thoughts on Human Nature

Richard’s Comments

 

I spent the weekend re-reading my collection of Robert Rhea's Dow Theory writings and also re-reading William Hamilton's great book "The Stock Market Barometer." Hamilton (a Brit) was Dow's understudy and fourth editor of the WSJ. Talking about Dow Theory, Hamilton writes, “But the pragmatic basis for the theory, as working hypothesis if nothing more, lies in human nature itself.”

 

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