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KICU First Business May 17, 2013



after jobless claims came in higher than expected, and housing starts fell more than anticipated. gold dropped another 12 dollars and oil moved up 76 cents. jcp is losing more money. the retailer s earnings after the close showed a loss of $348 million, topping the $163 million dollars of last year. and chicago s fed says farmland prices in the midwest rose 15% first quarter because of strong demand. larry shover of sfg alternatives joins us on this friday morning. larry, this is a teflon market. why is it that even negative economic news doesn t stick? - yeah, it doesn t stick. yesterday, three bad numbers, and the market just didn t care. i think it is because there s a reason for stocks to rally if there s tapering talk, and there is a reason for stocks to rally if there is more easing talk. so, good numbers, bad numbers, it really doesn t matter until there s a bigger catalyst to move the market. - however, gold is tarnished. why is that happening? - i think there a ....

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