SurfKY.com Top Stories

h--M-2015

'Diggers' Return to Find More Hatfield-McCoy Relics

August 01, 2015 SurfKY News
LEXINGTON, Ky. (8/1/15) — Descendants of both families formally agreed to an end to the infamous feuding of the Hatfields of West Virginia and the McCoys of Kentucky on a national morning news program in 2003. In truth, the families…

SurfKY.com

MARKETING-COMMENT

KENTUCKY (7/4/14) — Last week, the U.S. Department of Commerce delivered news that was about as welcome as a report of a great white shark sighting off a popular beach during the Fourth of July holiday.

The Commerce Department’s third revision of its estimate for economic growth in the United States during the first quarter of 2014 was revised downward – by a lot.

Instead of contracting by 1 percent, the economy shrank by 2.9 percent. It was the worst single-quarter contraction in five years.

According to Barron’s, “The number was so bad… it suggested that something more than the weather was to blame for the plunge in economic activity – and that a recession could be in the offing.” Other factors did contribute to the economy’s first quarter reversal including a reduction in healthcare spending sparked by the Affordable Care Act and the end of emergency unemployment benefits in January.

However, experts warned against making too much of backward-looking data. ING economist James Knightley told The Guardian reaction to the news should be fairly muted as many economists expect second quarter numbers to show significant improvement. PNC Financial Services senior economist Gus Faucher, who was also quoted in the article, concurred: “The contraction in the first quarter is old news, and things are looking much better for the rest of this year. Most importantly the labour market remains solid… Job gains are allowing households to increase their spending, with higher stock prices and home values also helping. Recent data have been solid, with big jumps in new and existing home sales in May, and consumer confidence recovering after it took a hit in the winter. An expanding global economy will help boost exports...”

Comments from St. Louis Federal Reserve President James Bullard reinforced the view that economic growth remains steady. Last Thursday, he predicted the Fed would raise interest rates early in 2015. Bloomberg.com reported Bullard expects the jobless rate to drop below 6 percent and inflation to close in on 2 percent by the end of 2014.

The Bull Market in bonds has persisted for more than 30 years. It began when The Cosby Show was in its heyday, when the first Apple Macintosh computers arrived in homes, and when Clara Peller famously asked, “Where’s the beef?” in a popular television commercial. The bull market began late in 1981 when 30-year U.S. Treasury bond rates hit an all time high of 15.2 percent and 10-year Treasuries topped out at 15.8 percent. Thirty-three years later, in mid-2014, 30-year Treasuries and their 10-year brethren offered rates in the low single digits.

MarketWatch.com says the lengthy bull market in bonds has important implications: “… Assuming the typical investor doesn’t seriously start thinking about investing until he is 25 or 30 years old, especially about investing in bonds, that means that anyone today not in, or very close to, retirement has only known a bond bull market. That’s an amazing historical and psychological fact, the significance of which cannot be overstated. It means that very few investors today have the long-term perspective with which to properly assess whether bonds are likely to suffer major declines in coming years.”

After 30-odd years of declining interest rates, some experts believe investors should prepare for a period of rising rates. Since there is an inverse relationship between bond prices and interest rates, higher rates could mean declining bond prices. How much could the price of a bond decline? It all depends on the bond’s duration. Duration is expressed as a number of years and measures the sensitivity of a bond to interest rate movements. The longer the duration of a bond, the more sensitive it is to changing rates and vice-versa. Investopedia.com describes duration like this: “The duration number is a complicated calculation involving present value, yield, coupon, final maturity, and call features. Fortunately, for investors, this indicator is a standard data point provided in the presentation of comprehensive bond and bond mutual fund information. The bigger the duration number, the greater the interest-rate risk or reward for bond prices.”

If rates move higher, a portfolio with long-term, long-duration bonds may experience a significant reduction in value.

Weekly Focus – Think About It

“Hard work spotlights the character of people: some turn up their sleeves, some turn up their noses, and some don't turn up at all.”

-Sam Ewing, American baseball player

More Information

  • Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.
  • Government bonds and Treasury Bills are guaranteed by the U.S. government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value. However, the value of fund shares is not guaranteed and will fluctuate.
  • Corporate bonds are considered higher risk than government bonds but normally offer a higher yield and are subject to market, interest rate and credit risk as well as additional risks based on the quality of issuer coupon rate, price, yield, maturity and redemption features.
  • The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. You cannot invest directly in this index.
  • The Standard & Poor’s 500 (S&P 500) is an unmanaged index. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment.
  • The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.
  • Gold represents the afternoon gold price as reported by the London Bullion Market Association. The gold price is set twice daily by the London Gold Fixing Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy ounce.
  • The DJ Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.
  • The DJ Equity All REIT Total Return Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones.
  • Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.
  • Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
  • Past performance does not guarantee future results. Investing involves risk, including loss of principal.
  • You cannot invest directly in an index.
  • Consult your financial professional before making any investment decision.
  • Stock investing involves risk including loss of principal

SurfKY News
Information provided by Randall L. Franklin, CPA/PFS, CFP

Disclaimer: The content supplied by columnists and letters to the Editor on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such content, statement, or opinions therein. SurfKY News does not necessarily adhere to or endorse content provided by outside non-staff sources.

e-max.it: your social media marketing partner
Posted on 2/2/14

All Recently Added News

GRID LIST
UNBRIDLED adventure KY
News

Kentucky Outdoor Adventure Games to Be…

SurfKY News
FRANKFORT, Ky. (8/1/15) — The Bluegrass State's many outdoor recreational activities will be highlighted this October during a series of competitive events called the Kentucky Outdoor Adventure Games, First Lady Jane Beshear announced Tuesday, July 28. The 13 events will be held in locations across the state and include fishing tournaments, archery, paddling, mountain biking and more. "The varied… Read More...
think kentucky 300
News

South Korean Automotive Supplier INFAC…

SurfKY News
FRANKFORT, Ky. (8/1/15) — A company that found a home in Taylor County seven years ago has found so much success that it is now time to grow. Gov. Steve Beshear announced July 31, INFAC North America is expanding in Campbellsville. INFAC, a manufacturer of automotive cables, actuators, antennas and horns, will create 20 jobs and invest $1 million into the project. "I am proud to see that one of… Read More...
20160212896 0f17433a3f z
Top Stories

Knight Crowned 2015 Miss Pre-Teen…

Tammy Holloway, SurfKY News
HOPKINS COUNTY, Ky. (08/01/15) — The 12th Annual Miss Pre-Teen Hopkins County Fair Pageant took place on Friday evening in the Eddie Ballad Convention Center with 24 pre-teen beauties vying for the title as the crowd cheered them on. They were judged in t-shirt/shorts, interview and evening gown, with interviews being completed off-stage prior to the t-shirt/shorts and evening gown competitions.… Read More...
FUB 1
Top Stories

First United Bank Staff Enjoys Corn…

Doreen Dennis, SurfKY News
MADISONVILLE, KY (7/31/15) ― They say all work and no play makes Jack a dull boy, but it was sunny and cheerful as First United Bank and Trust workers teamed up during a corn hole tournament Friday. “They’ve had a lot of fun,” said Jayne Barton, vice president of marketing. “We’ve had around 30 employees to sign up for the tournament. We had a good time and this has been a good team-building… Read More...
happeningsandmeetings orange
News

Happenings, Meetings Listed for…

Tammy Holloway, SurfKY News
HOPKINS COUNTY, Ky. (08/01/15) ― The following happenings and meetings are scheduled for next week: • First United Methodist Church, Keigan Street, Dawson Springs will host a Forget me Not Alzheimer’s 5K run/walk Saturday, Aug. 1 at 8 a.m. For information go to racesonline.com. • First Day Hike at Pennyrile Forest State Resort Park, 20781 Pennyrile Lodge Rd. will take place Saturday, Aug. 1, 7-9… Read More...
N1012P10005C
Top Stories

LIVE Video Streaming of the Fancy Farm…

KET
KENTUCKY (8/1/15) — SurfKY News is pleased to offer live video streaming of the Fancy Farm Picnic. Video provided by KET About the Fancy Farm Picnic Every year since the early 1880s, St. Jerome Catholic Church in the small town of Fancy Farm, near Mayfield in Graves County, has hosted an annual community picnic. At some point, political candidates began to see the Fancy Farm Picnic as a good… Read More...
19942683339 3dee803de3 z
News

24th Annual Miss Teen Hopkins County…

Tammy Holloway, SurfKY News
HOPKINS COUNTY, Ky. (8/01/15) — The 24th Annual Miss Teen Hopkins County Fair Pageant began as 13 teens performed a number to “Diamonds are a Girl’s Best Friend” on Wednesday evening in the Eddie Ballad Convention Center. The contestants, dressed in pink, dazzled the crowd with their moves as well as their smiles. They were judged in their choice of pink sportswear, interview and evening gown,… Read More...
traffic accident 300
Top Stories

One Injured in Vehicle Roll-Over…

SurfKY News
NEBO, Ky. (8/1/15) ― A Providence woman was injured in an early morning accident Friday on Nebo Road. According to Hopkins County Deputy Sheriff Will Coursey, deputies responded to a single-vehicle accident at 7:19 a.m. at 11225 Nebo Road. The Sheriff’s report said Samantha Stipp, 30, was headed west toward Providence on Nebo Road when a vehicle in front of her slowed down to turn left.… Read More...
pag-7-31
News

Little Miss, Mister Hopkins County Fair…

Tammy Holloway, SurfKY News
HOPKINS COUNTY, Ky. (8/1/15) — The Annual Little Miss and Mister Hopkins County Fair Pageant began as 11 couples sported swimwear before a packed house on Thursday evening. The couples were judged in interview, swimwear, and dresswear, with interviews being completed off-stage prior to the event. Mady Harris and Aidan Knight were crowned 2015 Little Miss and Little Mister Hopkins County Fair… Read More...
07-30-15-MCCH-blood-bank-re
Top Stories

MCCH Blood Donor Center Receives…

SurfKY News
MURRAY, Ky. (8/1/15) — The Blood Donor Center at Murray-Calloway County Hospital was given a stellar “no deficiencies” rating by the Office of Inspector General after a recent visit. To give the gift of life and donate blood, call (270) 762-1119. SurfKY NewsInformation provided by Kyser Lough Read More...
muh mcc 300
Top Stories

Opportunity Available to Become a…

SurfKY News
MADISONVILLE, Ky. (8/1/15) – Thinking of going back to school to finish your degree but need a little cash to make it happen? Become a Martin Scholar. The Muhlenberg Campus of Madisonville Community College will host an Open House from 9 a.m. – 3 p.m., on Thursday, Aug. 6. MCC will have representatives for admissions, academic advising, registration, and financial aid onsite to answer questions… Read More...
farmers-market-week
News

Commissioner Comer Honors Kentucky…

SurfKY News
FRANKFORT, Ky. (8/1/15) — Kentucky's farmers' markets always show their appreciation to their customers, but next week they'll kick it up a notch. Agriculture Commissioner James Comer has proclaimed Aug. 2-8 Farmers' Market Week in Kentucky. "Farmers' markets offer farm-fresh fruits and vegetables, unique products made from old family recipes, meats from livestock raised on a family farm, and… Read More...
h--M-2015
Top Stories

'Diggers' Return to Find More…

SurfKY News
LEXINGTON, Ky. (8/1/15) — Descendants of both families formally agreed to an end to the infamous feuding of the Hatfields of West Virginia and the McCoys of Kentucky on a national morning news program in 2003. In truth, the families have gathered often in the Tug Fork River valley, site of the McCoys’ former homestead where the vendetta reached its bloody crescendo Jan. 1, 1888. Today, the… Read More...
hooked science 300
News

Hooked on Science - 'Inseparable Books'

SurfKY News
KENTUCKY (8/1/15) — Did you know books have muscles? Our "Science Guy" Jason Lindsey and a couple of kid scientists show us the strength of two books. INGREDIENTS 2 Books INSTRUCTIONS STEP 1: Overlap the pages of each book. STEP 2: Have one person grasp the spine of one of the books, while another person grasps the spine of the other book. STEP 3: Attempt to separate the books by pulling.… Read More...
glennmollette
News

Who Will Be America's Next President?

SurfKY News
KENTUCKY (8/1/15) — Most Americans cannot tell you how many Republicans are running for President. If they are like me at this point, they don't care. I suppose if 10 more people announce their candidacy we would just nod our heads sort of like Linda Blair did in the movie The Exorcist. If you didn't see the movie it wasn't pretty. There is not much pretty right now about all the political… Read More...
ronniemcbrayer300 orange
News

Keeping the Faith - 'In Scorn of the…

SurfKY News
KENTUCKY (8/1/15) — "If there was one last crust of bread in this town, it would be mine." That's a quote from a rather pretentious member of the clergy, stating how God would take care of him should the world come unhinged tomorrow. "Everyone else may starve," he continued, "but God has promised me that I will always have enough." This preacher quickly defended his statement by quoting Psalm… Read More...
porn-arrest-7-31
News

A.G. Conway Announces Two Cybercrimes…

SurfKY News
FRANKFORT, Ky. (7/31/15) – Attorney General Jack Conway and his Cybercrimes Unit today announced the arrest of two men. Joseph Andrew Morgan Oldani, 29, of Oregon and Ashish Ashok Parekh, 33, of Louisville were arrested yesterday by Attorney General Conway's Cybercrime investigators. The charges are the results of unrelated investigations that began in July of 2015. Oldani is from Oregon and was… Read More...
ku company logo 300
News

KU Employees Volunteer across the State…

SurfKY News
LOUISVILLE, Ky. (7/31/15) — For the 11th straight year, more than 280 employee volunteers and family members are joining together for the single largest volunteerism event, called Day of Caring, held each year by Kentucky Utilities Company and Louisville Gas and Electric Company. Volunteers will be helping at various local schools, coordinating school supply drives, filling more than 16,000… Read More...
19914822278 10c8f2bd78 b
News

Miss Hopkins County Fair 2015 Chosen

Tammy Holloway, SurfKY News
HOPKINS COUNTY, Ky. (7/29/15) — The 60th Annual Miss Hopkins County Fair Pageant began with thunder and lightning as 12 beauties lit up the stage on Tuesday evening. The Ballard Center was full of anticipation and excitement as the crowd watched the ladies strut in to the lively beat of “Welcome to New York,” the theme for the evening. The contestants were judged in sportswear, swimsuit,… Read More...
mpd arrestlog6 300
News

Madisonville Police Arrest Reports…

SurfKY News
MADISONVILLE, Ky. (7/31/15) — The Madisonville Police Department released the following reports Friday, July 31. James L. Spink III, of Dixon, was charged July 31 with violation of a Kentucky EPPO/DVO. Crystal Dawn Davis, of Slaughters, was charged July 31 with giving a police officer a false name or address. Jordan T. Isabell, of Earlington, was charged July 30 with second-degree disorderly… Read More...
Theft red 300
Top Stories

HPD Investigates Alleged Theft of…

SurfKY News
HENDERSON, Ky. (7/31/15) — According to a Henderson Police Department report, on July 30, 2015, HPD, responded to a theft of firearms at 38 S Alves. The report said the resident reported three firearms stolen out of the home. This incident is under investigation by the Henderson Police Department. Anyone with any information in regards to this case should call the Henderson Police Department at… Read More...
henderson-pd-2015-300
Top Stories

Henderson County Police Reports

SurfKY News
HENDERSON, Ky. (7/31/15) — The Henderson Police Department released the following reports. Detective Tracy Green reported that on June 2, 2015, Aaron Ballew pawned a Remington rifle at Bullet's Pawn Shop on South Green Street. Det. Green was reviewing recently pawned items when he saw the transaction involving Ballew. A records check showed that Ballew is a convicted felon in Kentucky. Security… Read More...
hc-sheriff-logo-2015
News

Hopkins County Sheriff's Reports…

SurfKY News
HOPKINS COUNTY, Ky. (7/31/15) — The Hopkins County Sheriff's Office recently released the following reports. John D. Tyson, of Madisonville, was charged July 24 on Hopkins County warrants for tampering with physical evidence, second-degree forgery, harassing communications, failure to appear and first-degree perjury. Sarah L. Garcia, of Madisonville, was charged July 26 on a Hopkins County… Read More...
house-of-o-7-31
Top Stories

House of Onyx's Crystal Gallery Opens…

SurfKY News
GREENVILLE, Ky. (7/31/15) — The Greater Muhlenberg Chamber of Commerce helped the House of Onyx's new Crystal Gallery celebrate with a ribbon-cutting ceremony Friday, July 31 at 127 N. Main St., Greenville. The Crystal Gallery is across the street from the House of Onyx. SurfKY News Photo Read More...

SurfKY TV - Featured Videos

GRID LIST
travism 600

Crime Stoppers Top Most Wanted - July 29, 2015

SurfKY News
Crime Stoppers of Hopkins County Top Most Wanted has issued a new list. Read More...
kickin-kafe-burger-challenge

Berry Employees Accept Kickin' Kafe 'Battle of the Burgers' Challenge

Gary Gates, SurfKY News
MADISONVILLE, Ky. (7/24/15) – What’s for breakfast this sunny Friday morning? For a group of Berry Plastics third-shift employees, it was a healthy 5-pound… Read More...
hoopfest eddie ford talking with team

Nation's Oldest Travel Team Tournament Still Running Strong

Gary Gates, SurfKY News
LOUISVILLE, Ky. (7/20/15) — SurfKY News was at the Kentucky Expo Center in Louisville over the weekend for the Kentucky Hoopfest directed by Hopkins County… Read More...
scamspoe

Madisonville Police Warn Homeowners of Potential Scams

Gary Gates, SurfKY News
MADISONVILLE, Ky. (7/17/15) - Madisonville Police Department's Lt. Billy Poe shares a few tips about protecting the public from scams. This is a public service… Read More...
ALEXPIPER MOST WANTED

Muhlenberg Most Wanted - Top 10

SurfKY News
MUHLENBERG, Ky. (7/17/15) — Muhlenberg County Sheriff's Deputy Alex Piper needs help in locating 10 fugitives. Anyone with information regarding the location… Read More...
andrew-vincent-story

College Bound Muhlenberg Student Shares Essay with Chamber

Gary Gates, SurfKY News
GREENVILLE, Ky. (7/9/15) – Greater Muhlenberg Chamber of Commerce recognized Andrew Vincent during the July 9 noon luncheon meeting. Andrew was a recipient of… Read More...
10301362 732089110145885 7843196200905642035 n

Splendor of Adsmore Shared with Historical Society

Gary Gates, SurfKY News
HOPKINS COUNTY, Ky. (7/16/15) — Hopkins County Historical Society met for their monthly meeting on Thursday, July 9th. This month the group was honored to have… Read More...
muhlenberg-pray-in-greenville-ky

Community Joins Together to Pray for Nation

Gary Gates, SurfKY News
SurfKY News was in downtown Greenville, Kentucky today to witness prayer and art on the courthouse square. Read More...

Obituaries

Bowers-Ida-Lou-7-31-2015

Ida Lou 'Ludie' Bowers, 87, of Greenville

GREENVILLE, Ky. (8/1/15) — Ida Lou “Ludie” Bowers, 87, of Greenville, Kentucky died Friday, July 31, 2015 at 11:30 a.m. in the Muhlenberg community Hospital. She was born on September 26, 1927 in…
3/13 - 16
1 DOW 17,689.86
-56.12 (-0.32%)    
2 S&P 2,103.84
-4.79 (-0.23%)    
3 NASDAQ 5,128.28
-0.50 (-0.01%)    
3/13 - 16

In Case You Missed It...

MPD to Attempt to 'Cram' to Fill Hummer with School Supplies

MADISONVILLE, Ky. (7/29/15) — The Madisonville Police Department will be conducting its “Cram the Car” event again Saturday, Aug. 1. Officers will be at… Read More

Muhlenberg County Head Start Preschool Program Accepting Applications

CENTRAL CITY, Ky. (7/29/15) — The Muhlenberg County Head Start Preschool program is now accepting applications for children between the ages of 3-4 years old.… Read More

Crime Stoppers Top Most Wanted - July 29, 2015

Crime Stoppers of Hopkins County Top Most Wanted has issued a new list. Read More

Madisonville Police Arrest Reports Released - July 29, 2015

MADISONVILLE, Ky. (7/29/15) — The Madisonville Police Department released the following reports Wednesday, July 29. Eric T. Kembel, of Dawson Springs, was… Read More

PPD Officer Receives Governor’s Occupant Protection Awards

PADUCAH, Ky. (7/29/15) — The Paducah Police Department is proud to announce that Officer Melissa Dillon received two awards at the fifth annual Governor’s… Read More

Crime Stoppers Fugitive of the Week – July 29, 2015

HOPKINSVILLE, Ky. (7/29/15) — The above photos are local fugitives that are currently being sought by local law-enforcement officers. If you have any… Read More

Work Begins Today on First United Bank Plaza

MADISONVILLE, Ky. (7/29/15) — The city has awarded a bid to a Madisonville company for the construction of the First United Bank Plaza performance stage. Work… Read More

Baptist Health Paducah Executive One of First to Benefit from Latest Cancer Care Advancement

PADUCAH, Ky. (7/29/15) — The nationally-accredited cancer care program at Baptist Health Paducah just invested $4 million in the latest technology – new… Read More

Pet of the Day - Beethoven

Meet Beethoven, he's a Anatolian Shepherd Saint Bernard mix. Read More

Most Read This Week

July 27, 2015 5937

Death of Central City Man in Dawson Springs Under…

by SurfKY News
July 27, 2015 3796

School System Announces Free Lunch/Breakfast at…

by SurfKY News
July 30, 2015 3363

Webster Man Leads Police on Chase through Parts…

by SurfKY News
July 31, 2015 3307

Miss Hopkins County Fair 2015 Chosen

by Tammy Holloway, SurfKY News
July 28, 2015 2588

Hanson, Owensboro, Bowling Green Youths Win at…

by Tammy Holloway, SurfKY News

Most Read This Month

July 17, 2015 16329

Muhlenberg Most Wanted - Top 10

by SurfKY News
July 23, 2015 15296

UPDATE: Family Confirms Body of Missing Teen…

by Shawn Freels, SurfKY News

Stories Trending Now

July 31, 2015 3307

Miss Hopkins County Fair 2015 Chosen

by Tammy Holloway, SurfKY News
August 01, 2015 2180

24th Annual Miss Teen Hopkins County Fair Pageant…

by Tammy Holloway, SurfKY News
August 01, 2015 2037

Little Miss, Mister Hopkins County Fair Chosen

by Tammy Holloway, SurfKY News
August 01, 2015 1435

'Diggers' Return to Find More Hatfield-McCoy…

by SurfKY News
July 31, 2015 1271

State Fair President Commends Hopkins County Fair…

by Tammy Holloway, SurfKY News
July 31, 2015 1097

Hopkins District Court Fines Handed Down

by SurfKY News
August 01, 2015 996

Knight Crowned 2015 Miss Pre-Teen Hopkins County…

by Tammy Holloway, SurfKY News
July 31, 2015 942

House of Onyx's Crystal Gallery Opens in…

by SurfKY News
July 31, 2015 831

Hopkins County Sheriff's Reports Released

by SurfKY News
July 31, 2015 824

Henderson Woman Faces Rape Charges

by SurfKY News