A bumpy week, but the close was up. Novartis’ coming annual dividend of Sfrs 2.25 is now worth USD 2.47, compared to USD 2.46 last week. Gold has closed higher at $1663, compared to $1660 last week. Silver closed lower at $32.24, compared to $32.56. Crude oil closed lower at $106.75, compared to $107.15.
Do you see a pattern up there? We don’t either. The notion of skyrocketing anything, however, is still laughable to us.
Needless to say, home prices are continuing their downward slide, despite what you hear. They are just not going down as FAST as they were in previous years. Unemployment is still in the 8.8 percent area, as it has been since the beginning of the month. Again – despite what you are hearing.
But, ah! The stock market! Here’s the Model Portfolio Index, which lost about $80 this week, with a cumulative gain of $694.80 last week compared to this week’s cumulative gain of $616.20, for your viewing and analytical pleasure:
Have a nice weekend!