The San Gabriel Valley was rocked by hurricane force Santa Ana winds this week in a rare event the likes of which are seen only once in 5-10 years.The tremendous gusts decimated the urban forests of Southern California as communities lost hundreds of treasured trees,losing power and even water in the process.Pasadena was particularly hard hit,with some 450 street trees being toppled by the winds.Homes were damaged in these lands along the San Gabriel Mountains,where gusts of up to 80 mph were recorded.
The fire risk was described as explosive by a weather service official.The Santa Anas are known for the catastrophic wildland fires they often contribute to in the region.
Rumors of European progress and positive manufacturing and employment trends protected the market this week.All major averages posted gains north of 7%.For the week,the S&P 500 rose 7.39.On the year,the S&P is still down 1.06,however.
The Race To Dubai,The European Tour,made its next to last stop at the Hong Kong Golf Club.After two rounds of the UBS Hong Kong Open,Alvaro Quiros of Spain and Northern Ireland's Rory McIlroy topped the leader board.Luke Donald of England led the series going into this weekend,followed by German Martin Kaymer and McIlroy in second and third place,respectively.
Next week will be back-loaded by an important Friday summit in Brussels on changes to the EU treaty for fiscal discipline.Other influential events will include the Institute for Supply Management's service sector report on Monday and a consumer sentiment reading also on Friday.The S&P futures were basically flat at -0.10 Friday evening,while bond index futures rose.
Showing posts with label wildfire. Show all posts
Showing posts with label wildfire. Show all posts
Friday, December 2, 2011
Friday, June 10, 2011
Worries,Wildfire and Sun Devils
The stock market rolled further down its losing path this week,finishing lower for the sixth straight week for the first time since 2002.The slowness of the recovery,a ballooning national debt and overseas concerns remain stumbling blocks to further appreciation of most equities as a correction drives investors into the havens of bond funds and cash again.
Opportunists scoop up bargains at such times,but profit-taking is the rule of the day,especially on the cusp of a weekend with all its inherent uncertainties.For the week,the Dow lost 1.6,and the S&P surrendered 2.2,with the NASDAQ falling 3.3.Commodities dropped on Friday as the dollar rose,as expressed by the Reuters-Jefferies CRB Index,which slipped 2.30.
The Arizona State Sun Devils didn't slip when they cuffed the Texas Longhorns 3-1 at the NCAA Super Regionals Friday evening in Austin.The first game of the best 2 out of three series was taken control of when Arizona State scored two runs in the top of the 3rd on two Texas errors and an RBI single.
In 2002 and 2005,the Longhorns lost game 1 of the Super Regionals,only to come all the way back and take the College World Series.For tonight,however,the Sun Devils' Joey DeMichele led the way to a win,going 2-4 with 2 RBIs.
At home in Arizona,wildland firefighters worked on saving small towns from a forest fire that was only 5% contained.Five hours from Phoenix,the fire may take up to 3 weeks to fully control.The communities of vacation homes,cabins and resorts will be at risk till then,and in the past it has taken such resorts 5 years to recover from a blaze of this size.
The markets will give their attention to several reports next week,including retail sales,housing starts and inflation.The S&P futures slid a further 18.20 Friday evening,and bond index futures rose on the new week's promise.
Opportunists scoop up bargains at such times,but profit-taking is the rule of the day,especially on the cusp of a weekend with all its inherent uncertainties.For the week,the Dow lost 1.6,and the S&P surrendered 2.2,with the NASDAQ falling 3.3.Commodities dropped on Friday as the dollar rose,as expressed by the Reuters-Jefferies CRB Index,which slipped 2.30.
The Arizona State Sun Devils didn't slip when they cuffed the Texas Longhorns 3-1 at the NCAA Super Regionals Friday evening in Austin.The first game of the best 2 out of three series was taken control of when Arizona State scored two runs in the top of the 3rd on two Texas errors and an RBI single.
In 2002 and 2005,the Longhorns lost game 1 of the Super Regionals,only to come all the way back and take the College World Series.For tonight,however,the Sun Devils' Joey DeMichele led the way to a win,going 2-4 with 2 RBIs.
At home in Arizona,wildland firefighters worked on saving small towns from a forest fire that was only 5% contained.Five hours from Phoenix,the fire may take up to 3 weeks to fully control.The communities of vacation homes,cabins and resorts will be at risk till then,and in the past it has taken such resorts 5 years to recover from a blaze of this size.
The markets will give their attention to several reports next week,including retail sales,housing starts and inflation.The S&P futures slid a further 18.20 Friday evening,and bond index futures rose on the new week's promise.
Friday, October 29, 2010
Heat Dominate Magic
On a glittering night in Miami,the Miami Heat were dominating the Orlando Magic 79-55at the end of the third period.Dwayne Wade led the scoring with 26 points,having hit several 3-point shots,while team mates LeBron James and Chris Bosh scored 13 and 9 points respectively.
West of Boulder,Colorado,residents were feeling actual heat.They were evacuated because of wildfires driven by warm wind.Two fires had consumed 130 acres,driving 170 from their homes.
Back east,two tropical storms churned in the Atlantic.Shary was beginning to shear Northeast,away from the U.S.,while Tomas looked more dangerous,being more likely to intensify in the Caribbean.
The market was subdued on Friday,as investors contemplated a week of big events ahead of them.Tuesday brings the midterm election,and Wednesday the Federal Reserve could issue the parameters of more asset purchases to stimulate the economy,which is only growing at a 2% clip.Next Friday,the big employment numbers are released by the Labor Department.
Stock futures were indecisive this evening,with the Dow futures up,but the NASDAQ down and the S&P flat.Bond futures fell.
Update:The final score was Miami 96,Orlando 70.Wade finished with 26 points,and James and Bosh scored 15 and 11 respectively.Dwight Howard led Orlando's scoring with 15 points.
West of Boulder,Colorado,residents were feeling actual heat.They were evacuated because of wildfires driven by warm wind.Two fires had consumed 130 acres,driving 170 from their homes.
Back east,two tropical storms churned in the Atlantic.Shary was beginning to shear Northeast,away from the U.S.,while Tomas looked more dangerous,being more likely to intensify in the Caribbean.
The market was subdued on Friday,as investors contemplated a week of big events ahead of them.Tuesday brings the midterm election,and Wednesday the Federal Reserve could issue the parameters of more asset purchases to stimulate the economy,which is only growing at a 2% clip.Next Friday,the big employment numbers are released by the Labor Department.
Stock futures were indecisive this evening,with the Dow futures up,but the NASDAQ down and the S&P flat.Bond futures fell.
Update:The final score was Miami 96,Orlando 70.Wade finished with 26 points,and James and Bosh scored 15 and 11 respectively.Dwight Howard led Orlando's scoring with 15 points.
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