THE TAXMAN COMETH

THE TAXMAN COMETH

The 3.8 percent surtax on investment income, meant to help pay for healthcare, goes into effect in 2013. It is the first surtax to be applied to capital gains and dividend income. The tax affects only individuals with more than $200,000 in modified adjusted gross income (MAGI), and married couples filing jointly with more than…

kaltbaum premarket

kaltbaum premarket

Some not so normal stuff occurring right now. This morning…euro is soaring…but futures are down a little and gold is being smoked. Normally, gold goes up when the dollar is weak. Also, oil prices getting hit…so a change in what we are seeing with the currency/market dynamic.   Without a doubt, markets hit a wall…

12/03/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

12/03/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

https://archives.warpradio.com/btr/InvestorsEdge/120318.mp3 JUST LETTING YOU KNOW November 16 was a Friday. That day the market was in a fall into that day. That day was getting real ugly. And on that day we had something called massive put buying. The whole world was buying puts on the market, betting on further downside AFTER a big drop….

kaltbaum email

kaltbaum email

Nothing good happened today. In fact, if there wasn’t all this noise on the fiscal stiff, I may just look to do some shorting. Market sold off right as it hit inflection points today…namely the S&P at the 50 day.   Good sale today on RAX…did not like the straight up move…so will look at…

kaltbaum premarket

kaltbaum premarket

Amazingly, with today’s gap to the upside, major indices are back into the day after the election…when markets really turned down. We got a reversal on Nov 16 and haven’t looked back as they rammed this thing in a shortened Thanksgiving week and continuing into month-end and another gap into the new month. I stopped…