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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

America for Sale

America is for Sale

It's one thing to have the Belgium's buy the king of beers, Budweiser, right from under our throats. Today, US capitalism took a hit, long expected, as the venerable New York Stock Exchange was sold to the Germans. Who would have imagined that the bastion of American capitalism would be sold without protest or even alarm? "The times they are a changing" and who knows, maybe the Dutch will buy Bob Dylan next. Markets are struggling this week to blast through a major S&P level, the level that would represent a 100% move from the lows of April 2009. That significant level should not be lost on stock investors as this resilient, government aided market is powering ahead. Speaking of powering ahead, dollar stores like Family Dollar (FDO) are trading much higher today after FDO gets a buyout order from Peltz. Keep it in America Nelson, keep it in America.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.