[email_link] https://archives.warpradio.com/btr/InvestorsEdge/071718.mp3 JUST LETTING YOU KNOW Ben Bernanke spoke on the Hill today. You already know I’m not a fan of anything he has done. This is the man that oversaw the lenders. He enabled lenders to hand out money to people that couldn’t afford the first payment. This is a man that saw nothing…
[email_link] No wonder after the two years of their unfettered power, we are screwed. (CNSNews.com) – House Minority Whip Steny Hoyer (D-Md.) said Tuesday that food stamps and unemployment insurance are the two “most stimulative” t things you can do for the economy. During a pen and pad briefing with reporters on Capitol Hill, Hoyer was…
[email_link] Sen. Chuck Schumer, D-N.Y., exhorted Federal Reserve Chairman Ben Bernanke to stimulate the economy before November through some form of quantitative easing or other monetary policy, which Bernanke said could create jobs. Continued SOURCE: http://washingtonexaminer.com
[email_link] In what may be the best report ever on stock buybacks, accounting and tax analyst David Zion had this sobering comment: After reviewing the $2.7 trillion in buybacks by the S&P 500 from 2004 through 2011, “it looks like most of the buybacks by the S&P 500 over the past eight years have not yet added…
[email_link] …they keep being elected to run these states into the ground. In many cases, they lied about the pensions, the gains on the pensions, how much the pensions were and who was getting the pensions. WASHINGTON — The fiscal crisis for states will persist long after the economy rebounds as states confront financial problems…
Sorry about last night…had rolling blackouts. As soon as market closed down almost 50 yesterday, dow futures went up 50. Go figure. Einstein cant figure that crap out. Not much from yesterday…but there has been some movement in down and out areas. The good news for overall market is that the energy and…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/071618.mp3 JUST LETTING YOU KNOW We had a good day on Friday. Today, there was a little pullback. I think the main stance continues to be: Choppy, Choppy, Choppy, Choppy. Bullish Monday, bearish Tuesday. I think the market’s going to be all over the map. Just remember that we’re in the midst of earnings…
Crappy open but market trying to come back as I write this. The SOX continues to be under pressure but going to really watch closely as it is in the area where it was defended way back last November and December as well as early June of this year. If the SOX puts…
Early movers: V and MA up nicely as their lawsuit pays out less than expected…and supposedly ends litigation against them by the retailers. Both up about 2-2.5%. C up on numbers about 3%. That’s JPM,WFC and now C reacting well to numbers. Futures are down but not by much. Retail sales number was…
The expectation is that the market has some more upside near term based on last week’s late action. Also seeing good set-ups in financials with a WFC breaking out…and not much bad happens when financials have a bid. Just keep in mind, there are a zillion reports coming out in the next two weeks and…
