You know I am a cynic. Wall Street has earned it. No indictments…banks taking bad loans off books before earnings and putting them back on after…printing of money…analysts still shaky… Today…upgrade of BAC…JPM gets fed approval to resume buybacks…that’s this morning…the day after the financials finally break the 50 day. Do you think…
Good sales on the open. Market showing itself here and is turning down. I suspect we will start to see some wide and loose action with some vicious bouncing…but when all is said and done…think we head lower. I do recognize the fed is still out there doing their thing but not so sure…
https://archives.warpradio.com/btr/InvestorsEdge/110718.mp3 JUST LETTING YOU KNOW As you know, I thought Mitt Romney was going to win the election. Though, I did say in the past couple of days, that it really tightened up. But last night as I was watching, I saw that a swing state went very quick. And the first thing I said…
Senate Majority Leader Harry Reid said Wednesday that he will try to push through a change to Senate rules that would limit the GOP’s ability to filibuster bills. Speaking in the wake of Tuesday’s election, which boosted Senate Democrats’ numbers slightly, Mr. Reid said he won’t end filibusters altogether but that the rules need to change so that the minority party cannot use the legislative…
Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc. A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021,…
Wow…go a breakfast…futures tank. Sell the market proxy…not a biggie…sell probe of BAC. KORS continues to hold in extremely well.
I will not be in until market opens. Futures down a wee bit. They were down decently over night but back to flatline. Why Obama won? Exit poll…who do you blame for bad economy? Almost 55%-45 said Bush over Obama. Who do you think will handle deficit best? Only 48-47 for Romney over…
https://archives.warpradio.com/btr/InvestorsEdge/110618.mp3 JUST LETTING YOU KNOW I watched the tube today. I watched the Democrats say, we’ve got this locked up. I watched the Republicans say we’re going to win big. I saw the polls and I gotta tell you it ends up almost being meaningless. As I told you on my radio show, in the…
French president François Hollande has bowed to massive pressure for business tax cuts to pull France’s economy out of slump and stave off industrial decline, ditching a core element of his socialist platform. Company taxes will fall by €20bn a year equal to 1pc of GDP, to be phased in gradually by 2015 under a…
So far…today is the opposite of Friday…which was the opposite of Thursday which was the opposite of Oct 23. Very simply, there are bets being made on the election of risk on or risk off. Risk on means all the commods and stuff get going…risk off is the opposite. Just notice what Gold, oil and…
