AUTHOR: TOWNE SCHERER.COM 03/25/2015: Towne Scherer Private Wealth Management BLOG: Following the introduction of internet regulations several weeks ago by the FCC, the Obama administration unveiled new rules governing Fracking. Although many states already have regulations in place for Fracking, central planning seems to be the focus of today's White House. On another note, oil prices may experience further downside pressure as Russia moves to release as much as 250,000 barrels of oil per day into the international markets. This is directly related to low oil prices, causing Russia to reduce refining in their samovars. According to Bloomberg, "global stocks powered to their best weekly rally in nearly two years, sending two of the biggest equity benchmarks to the brink of records, on speculation the U.S. Federal Reserve will leave interest rates at zero past midyear while European policy makers press stimulus." LPL's S.A.M. allocations remained unchanged, while Dorsey Wright's D.A.L.I. stayed with their level one market trends of Domestic Equities and Fixed Income. Recently, suicide bombers killed 137 and wounded 357 in two Mosque attacks, further destabilizing the country of Yemen. ISIS later claimed responsibility. In response to the acts, the U.S. evacuated the last of its Special Forces Troops, prompting President Obama to make the following comment, "The alternative would be for us to play whack-a-mole every time there is a terrorist actor inside of any given country." Let us hope that this philosophy does not spread to murderers on U.S. soil.
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