HERE WE GO…THE VOTER FRAUD BEGINS. ANY WAY…ANY HOW…

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COLUMBUS, Ohio — Two volunteer poll workers at an Ohio voting station told Human Events that they observed van loads of Ohio residents born in Somalia — the state is home to the second-largest Somali population in the United States — being driven to the voting station and guided by Democratic interpreters on the voting process. No Republican interpreters were present, according to these volunteers.

While it’s not unusual for get-out-the-vote groups to help voters get to the polls, the volunteers who talked to Human Events observed a number of troubling and questionable activities.

A source, who wishes to remain anonymous, is a volunteer outside the Morse Road polling center.  She has witnessed Somalis who cannot speak English come to the polling center. They are brought in groups, by van or bus. The Democrats hand them a slate card and say, “vote Brown all the way down.” Given that Sherrod Brown is the incumbent Democrat Senator in Ohio, one can assume that this is the reference.

Continued

SOURCE: http://www.humanevents.com

10/26/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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http://archives.warpradio.com/btr/InvestorsEdge/102618.mp3

JUST LETTING YOU KNOW

It was not the most thrilling week. And it was not the most thrilling end of the week. But markets do not go straight up. They do not go straight down. But, for sure, quite enough has happened in the past couple of weeks that gives me some pause.

Remember what I said to you last Friday. It is not a good sign that we’ve had multiple distribution days and the past two weeks prior to this week, many indices finished at the low of the week, which usually leads to some lower prices.

Well, we got some lower prices this week. Not the end of the word, but I must tell that there are a lot of stocks breaking. The good news is that there are still plenty that aren’t.

But to be clear, it’s going to tougher going forward, even when we rally up a little bit, which I suggest could happen at any time.

Apple

Apple finished down 5.5 today. But I would tell you that Apple, at one time today, was down about 18. Volume was heavy. Just want to let you know about something that occurred today. It’s not bearish or bullish. It’s really nothing. And was really surprised. I received a bunch emails saying, “You gotta buy Apple now.”

Even though Apple is under nothing but distribution, trading below the 50-day moving average, trading below 150-day moving average and just holding the 200-day…I got a few too many bulls coming out of the woodwork today.

When you have a chance go look at the weekly chart on Apple, which typically will go back 5 years.

And you will notice that the Apple has been contained, on a closing basis, above the 40-week moving average since April of 2009. Now you have the flash crash in May of 2010 and it went right down to it on the crash. In June of 2011, you undercut it one week, but finished on it. On the week of October 7, 2011 and held. On the week of November 25, 2001…same thing.

So it will be important of Apple to hold that 40-week moving average. I would suggest to you that it’s around 598-ish.

As far as the numbers are concerned, I looked at them. Let me just stay this. If the market believed Apple and their guidance, the stock would be down another 50 points. The market doesn’t believe any of it.

They’ve done this before. They’ve come out and lowered guidance 20 to 30 percent. And the criminal analysts just fall for it on purpose because they know that beating Wall Street estimates is just so important. And it’s an easy way to beat Wall Street estimates. Just set it up to beat it.

So Apple took their guidance from 15 and change to 11 and change. They better beat it handily because the market is expecting 15 and change for this quarter – Christmas.

They will have more of the iPhone 5 in the quarter, as well as this new little iPad and we’ll see how it plays out. But right now, as a stock on a technical basis, Apple’s in no man’s land. Probably got sold out a little bit today after dropping from 705 to 590 over the past four weeks.

Amazon

Amazon finished up today about 10 bucks on a 23 cent loss for the quarter. And sales lighter than expected. Last quarter’s earnings was 1 cent vs. 98 cents. The quarter before was down 36%. The quarter before it was down 58%. Revenue growth, the last four quarters 35%, 34%, 29%, 27%…a deceleration, but not the end of the world.

 I don’t know what to make of this stock. I must tell you, I bought it on the last earnings report when it broke out perfectly and I made some decent cheese and got out near the highs. But it really wasn’t a big move.

And I here, I just don’t know why the stock would react well to this report. The story goes with Apple – they’re spending a ton of money building out. And when they start building out, their earnings will be huge. I got news for you…they better be!

This quarter that just ended was the worst quarter Amazon’s ever had on earnings. So time will tell. Amazon is also in no man’s land between the 50-day and 200-day moving average.

And there’s nothing to think about or so here.

LISTEN TO GARY LIVE ON WEEKDAYS 6-7 PM ON A STATION NEAR YOU AND AT GARYK.COM

6-7 pm EST

Best of Investor’s Edge
Saturdays 1-2 am EST

Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

TAXPAYERS SCREWED FOR THE THOUSANDTH TIME

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Another solar company that received taxpayer support before going bankrupt is facing tough questions from Congress and a criminal investigation — following in the footsteps of solar-panel firm Solyndra. 

The company facing scrutiny is Abound Solar, based in Longmont, Colo. Colorado’s Weld County has launched a securities fraud investigation following allegations that Abound may have misled investors and a bank before securing funds. 

“Our goal is if crimes were committed to make sure individuals are held accountable,” said Weld County District Attorney Ken Buck. 

It’s a stunning turnaround for a company that appeared to be on a roll. In December of 2010, Abound had just secured a $400 million federal loan guarantee. Like Solyndra’s more than $500 million loan, it was part of President Obama’s green energy stimulus program.

Continued

SOURCE: http://www.foxnews.com

MORE FABULOUS HOPE AND CHANGE

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(CNSNews.com) – The number of American workers collecting federal disability insurance benefits hit yet another record high in October, according to the Social Security Administration.

This month 8,803,335 disabled workers are collecting benefits, up from the previous record of 8,786,049 set in September.

In February 2009, the first full month after President Barack Obama took office, there were 7,469,240 workers collecting federal disability insurance. Thus, so far in Obama’s term, the number of workers collecting disability has increased by 1,334,095. That works out to a net increase of about 29,646 per month (1,334,095 divided by 45 months), or an average increase of about 975 per day (1,334,095 divided by 1,369 days).

Continued

SOURCE: http://cnsnews.com

 

kaltbaum premarket

As I write this, amazingly, AAPL is up 7 cents from yesterday. In the latest of the scam that AAPL puts out, they lowered numbers for this quarter from $15.80 to $11.50 and will come in at $16 something and the criminal analysts will say LOOK HOW MUCH AAPL BEAT THE ESTIMATE BY!
 
I am not sure how much AMZN is up. The close showed $222…but I think it closed at $227.50…so it is up 50 cents even though they reported a huge loss. AMZN is trading at a zillion times earnings.
 
EXPE,N,CERN gapping up…VRSN,DECK,CSTR gapping down. Smaller gaps in other stuff.
 
EXPE gaps back up to highs ON A BIG DECELERATION IN EARNINGS. We shall see if the gap is sold. If the gap holds, we will look to put back on leader’s list…the very short leader’s list.
 
Futures just a wee bit down…blah blah blah….still sitting tight for obvious reasons. Keep in mind, there are 4 days left in end of month…THE BOYS WILL TRY TO TAKE THIS UP INTO MONTH-END. If this occurs, should set up the shorts. And then, the election.

10/25/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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http://archives.warpradio.com/btr/InvestorsEdge/102518.mp3

JUST LETTING YOU KNOW

We’re now really getting past the meat of earnings season. And to say the least, reaction has not been overall on the thrilling side.

Apple

Next quarter, the consensus expectations had been for Apple to come out and do 15.5 bucks vs. last year’s 13.87, which is not a great growth rate. Apple now brings that down to 11.75. So Apple’s trying to tell us that for the Christmas quarter that earnings are going to be down 2 or 15%. Do we believe that BS? Well I’ve got news for you, if the market believed it, I think Apple would have been down 30 or 40 in the aftermarket. Instead, it was down only 8.

If Apple isn’t BS’ing and earnings are going to be down 15% this quarter (and I believe them), that means Apple joins that non-growth stock brigade. That would be the first quarter in ages that earnings are down. But I have to repeat again, they’re liars at Apple. They sandbag. They have for years. There have been times where they lowered the number by 2 or 3 bucks and beat the number by 2 bucks with a difference of 5. That should have an SEC investigation.

There’s cheating both ways.

The Market

The Dow was up and the S&P was up…small amount, nothing big. But a phenomenon continues to go on that is not good news. And that is more and more names cracking. The leaders of the prior up move – cracking. And that’s usually not a good sign, ladies and gentlemen. If I have to use the work “cracking,” it is quite the meaningful thing.

Ladies and gentlemen there are just too many major breaks in the market.

We have watched DuPont – major break

IBM

Google

…a whole host of names – on earnings.

I’d say the only thing going on is that, they’re all very oversold and they can bounce, but I’m just letting you that there are a lot of major breaks.

And you know I keep this growth stock list, which are stocks showing great strength, trading above the 50-day/10-week moving average, keep ascending…leading the market.

I think I’m down to four names. That’s not good news.

So we’ll see what happens. The market remains under a little bit of pressure.

If you’re going to do things by the book, today was Day 1 of an attempted rally and we’ll see if we can get a Follow-Through Day starting on Tuesday. But, the market’s losing a lot of leadership.

What does the market have going for it this second? It’s oversold, which just means it has come down kinda far kinda fast…and you get bounces off of that.

Also the Nasdaq is sitting on the 200-day moving average, a place where typically it’s going to get defended. But every major index is now below the 50-day. And remember what I’ve taught you. Nothing good happens if you’re below the 50-day moving average.

Only bad happens if you break below the 200-day moving average, which is just underneath here.

And nothing bad can happen if you’ve the 50-day moving average. We’re talking physicality here, not opinion. 

LISTEN TO GARY LIVE ON WEEKDAYS 6-7 PM ON A STATION NEAR YOU AND AT GARYK.COM

6-7 pm EST

Best of Investor’s Edge
Saturdays 1-2 am EST

Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

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All that noise and AAPL is flat and AMZN just down a wee bit. AAPL missed and lowered numbers big time…but they lie and market is betting that they are dishing crap again.
 
Market opened hot again and sold down. SHW,CAB,JAH,UA and probably RAX the latest to break. Regardless of any bounce, market does not look thrilling but what is thrilling is that bounces will create short set ups in a big way. So be patient as this runs its course.

IT TALKS! BLAH BLAH BLAH…TAX CUTS BAD…DEFICITS AND GOVERNMENT SPENDING GOOD!

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It’s Comrade Krugman’s nightmare. New York Times Columnist and Nobel-prize winning economist Paul Krugman can’t imagine anything worse than a Republican in the White House again. On an Oct. 24 broadcast of Huffington Post Live, Krugman warned that a Romney victory could cause America to become chaotic like Greece. “It’s the Republican policies that are much more likely to make us end up like Greece,” he stated.

Krugman also predicted a double dip recession due to “tax cuts for the rich, who won’t spend them and slash spending for the poor and the middle class, who will be forced to cut back.” These things will result in “a simultaneous deficit explosion and a double-dip recession.”

Continued

SOURCE: http://newsbusters.org

YOIKS!

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Emergency management teams and utilities along the East Coast are bracing for what could be a $1 billion punch as Hurricane Sandy’s 100 mph winds barrel toward the heavily populated region between the Carolina coast and Cape Cod.

The Category 2 storm, which has killed two in the Caribbean as it swept through Cuba and blew toward the Bahamas, may combine with other, rain-heavy weather systems to create what meteorologists are calling a “perfect storm” that could wreak havoc from North Carolina to Massachusetts early next week. Sandy will likely maintain its hurricane status as it passes over the Bahamas later Thursday and may bring tropical storm conditions along Florida’s southeastern coast by early Friday.

Continued

SOURCE: http://www.foxnews.com

SO IT ONLY TOOK $16.1 TRILLION IN DEBT TO GET THESE PEOPLE TOGETHER. HEY THANKS FOR THE TIMELINESS!

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Leading CEOs are pressuring Washington policymakers to set aside their entrenched positions and strike a deal to resolve the “fiscal cliff” and cut the deficit.

The chief executives from dozens of the nation’s largest corporations are joining forces to try and break through the stalemate on spending and taxes that has bedeviled fiscal talks during the 112th Congress.

“What we’re trying to do is drive support for the radical middle, the 70 percent of us … that really want to do the right thing down the middle and recognize that the only way you can govern is through compromise,” said David Cote, chairman and CEO for Honeywell.

Continued

SOURCE: http://thehill.com