Iran has kept what promise? Lying or just naive?

SOURCE: http://weaselzippers.us/217833-as-relations-with-israel-plummet-to-new-low-obama-cuts-video-to-iranian-people-praising-ayatollah-khamenei/

The Biotech bubble inflates!

Back in 99, any company that announced a website saw their stock soar. Companies were changing their names adding .com to their name. Mutual funds changed their names to “internet.” Unfortunately, many of those companies had squat and are now nowhere to be found.

Fast forward to today. Over 130 Biotech companies have been brought public in the past couple of years with the number getting larger and larger. Most all have no sales with many not even in trials yet. THEIR STOCKS ARE SOARING. $2 billion market caps are going to $4 billion. Announcements of phase 1 trials see stocks soar…even though a drug could not come to markets for a long time. Any announcement is lifting these stocks. Even secondaries are lifting the stocks.

For example, yesterday, JUNO announced a huge loss and a bigger than expected cash burn. What did the stock do? It gapped down…turned around and finished up over 15% on monstrous volume. Total sales for the company…as John Vernon said in Animal House…”0.0.” Market cap for JUNO? $4.4 billion.

The BIOTECH index is starting to go parabolic and that’s after a long run. One does not know when or where it stops…and for all anyone knows, could be much higher. The good news is names of substance, with strong sales and earnings are doing well also. We’ll let you decide in what sandbox to play.

The Fed WILL NEVER RAISE RATES!

“THEY WILL NEVER RAISE RATES!”

By Gary Kaltbaum
Twitter@GaryKaltbaum
garyk.com

Woke up this morning to headlines like “Fed “Patient” No More!’ Cute! Another headline: “Fed Puts Interest-Rate Hikes in Play!” What Fed are these people watching? For quite a long time, we have been telling you that unless the market forces them, the last thing you will ever see is the Fed raising rates. Notice how they tease. Notice how they maneuver but nothing ever happens. What happened to the 6.5% fake unemployment rate threshold?

The bottom line is that the Fed put themselves in a box a long time ago. They have set markets up to being used to 0%. Imagine, how is it that they say the economy is doing well but are so afraid of an itty-bitty move from 0% to 1/4%? Why are we seeing so many supposed pundits begging the Fed to not even raise rates to a nothing 1/4%?

Unfortunately, with all the central banks around the globe moving all over the map, there have been repercussions…like a crashing euro and yen and a soaring dollar. (We hate talking currencies)The fed forgot that a soaring dollar hurts sales, earnings and overall economic growth over here. Oops! If the Fed raised rates yesterday, we could have seen a further yonking in the euro. So Yellen did nothing but comically removed the word “patience” but state that doesn’t mean they will be impatient. Say what!

The other part of the equation is that they are watching markets first and everything else second. Leave no doubt that the timing of QE-Euro and QE-Japan were not by accident as it was exactly when QE-USA stopped…for now!

So…we had the mother of all short covering in all currencies versus the dollar yesterday. This enabled a good move in the worst areas, that being commodities of all stripes and those related countries. But all these areas remain in downtrends and not sure one day will change that. Major indices are now towards the upper end of the range again but must tell you mid-caps and small-caps have moved above range.

We just don’t think much has changed but a big breakout of major indices will go a long way in giving markets another leg up. We’ll have our usual big market report over the weekend.

The socialists never want to stop trying to take more of your money!

It was the Dems who made you paid taxes on your benefits. It is the Dems that refuse to fix this ponzi scheme. But they have no problems trying to take more money from you and out of the economy.

Source: http://www.huffingtonpost.com/2015/03/18/social-security_n_6892488.html