JUST ANOTHER SCHMUCK POLITICIAN..WHERE DO THESE PEOPLE GET THEIR IDEAS FROM?

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Updated 8:55 p.m. — A Republican Senate nominee found himself in hot water on Sunday for suggesting that instances of “legitimate rape” rarely results in pregnancy. 

Rep. Todd Akin, a Republican who’s locked in a hard-fought campaign in Missouri to unseat Democratic Sen. Claire McCaskill, was answering a question regarding his position on abortion rights in instances when a woman is a victim of rape. 

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SOURCE: http://firstread.nbcnews.com

AND THIS IS A LEADER? YUTZ!

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The FBI probed a late-night swim in the Sea of Galilee that involved drinking, numerous GOP freshmen lawmakers, top leadership staff — and one nude member of Congress, according to more than a dozen sources, including eyewitnesses.

During a fact-finding congressional trip to the Holy Land last summer, Rep. Kevin Yoder (R-Kan.) took off his clothes and jumped into the sea, joining a number of members, their families and GOP staff during a night out in Israel, the sources told POLITICO. Other participants, including the daughter of another congressman, swam fully clothed, while some lawmakers partially disrobed. More than 20 people took part in the late-night dip in the sea, according to sources who were participants in the trip.

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SOURCE: http://www.politico.com

THESE PEOPLE BELIEVE TAXPAYERS HAVE UNLIMITED AMOUNTS OF MONEY…

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…and believe taxpayers are mean and uncaring. Idiots! Read this: 

 There is something to be said for universal health care systems. 

When my son developed a rash on an Italian vacation in Liguria last month, the pharmacist showed me to the doctor downstairs, who diagnosed the problem at no charge and sent me off with a handshake and a joke about a daughter in med school at the University of California, San Diego.

Italy may be in a funk, with a shrinking economy and a high unemployment rate, but the United States can learn a lot from it, and not just about the benefits of public health care. Italians live longer. Their poverty rate is much lower than ours. If they lose their jobs or suffer some other misfortune, they can turn to a more generous social safety net.

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SOURCE: http://www.nytimes.com

kaltbaum premarket

Idiots in Europe wont shut up this morning…buying bonds…buying bonds…buying bonds. Duh. We all know they are going to follow in Bernanke’s footsteps…now shut up.
 
Futures are flat…AAPL is up $2 as they are jumping over each other because of IPHONE 5. I should have played and do not have an excuse not to play moving above the tight consolidation at $620…
 
Service owns AMZN,KORS,ROST,TSCO,WFM.
 
ROST upgraded this morning.
 
I suspect market goes higher into end of August as major indices have moved above a handle. Until that is broken, market is in gear.
 
I want to wait on FRAN to pull in…so wait.
 
I think you can take a small position in TJX…wouldn’t buy it big just yet. TJX stop would be a break of the 50 day.
 
Should own EQIX,EBAY,MLNX, AAPL but want to figure a better place. EQIX,EBAYH,AAPL did give entry earlier but did not play.

kaltbaum weekend leaders

AMGN-Sitting tight in handle…may find spot to probe soon….but it is extended.
AAPL- Moves out off of the tight daily bars.
AMZN- Sitting in a tight handle…just above $240.
ALXN- Pulled back into the 50 day Friday.
BIIB- Pulls nice and tight towards 50 day.
CRUS-Edges above flag-like pattern.
EQIX- Starting to move out but volume?
EXPE- Affected by PCLN and will watch for where it holds support on this pull-in.
EBAY- Moving into new highs after sitting tight after gap.
HD- Broke out off of earnings.
MLNX- Strongest name. Looks like RIMM from Dec 03.
N-Sitting tight in here.
PETM- Breaks out off of earnings.
PRGO– Bye bye…breaks down off of numbers.
ROST- Refuses to break and now teases moving out again.
SHW- Strong but no place to enter.
SWI- Strong and in a flag-like pattern.
TJX- Edges out again.
UA-Starting to move out again.
V-Holds 21 day on pullback.
WFM-Moves off of 50 day.

 
Added KORS to list as well as service and moving out. One never knows but has potential.

Did not add TSCO to this list but put on service as it moves out of handle after strong move on

THREE LETTERS…WTF!

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In late July, John Hynansky — a longtime friend of Vice President Joe Biden, and a major donor to Biden’s campaigns as well as President Barack Obama’s — was awarded a $20 million taxpayer loan to build a foreign-car dealership in Ukraine.

According to a public summary document, the loan, from the federal government’s Overseas Private Investment Corporation, is for “[u]p to $20.0 million,” and is designed to “expand Winner Import Ukraine’s automobile business, [and] construct and operate ‘Winner Autocity,’ which will have two new, state-of-the-art dealership facilities for Porsche and Land Rover/Jaguar automobiles.”

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SOURCE: http://dailycaller.com

AND THE BEAT GOES ON!

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When Darrell Issa took over the chair of the House Oversight and Government Reform Committee after the Republican landslide in the 2010 midterms, most people assumed that his rhetoric about restoring the proper role of oversight was nothing but a philosophic cover for attacking Barack Obama and his administration.  A new report this week shows that Issa’s job was a lot broader and a lot tougher than people imagined.  His predecessor, the now-retiring Edolphus Towns (D-NY),covered up his own ties to Countrywide Mortgage and those of his colleagues and their aides in Congress while supposedly investigating how the defunct lender escaped scrutiny for so many years of negligent and fraudulent operation…

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SOURCE: http://hotair.com

OH…SO YOU ARE SAYING POLITICIANS LIE? I HAD NO IDEA

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These days Obama’s campaign has been defending the actual $700 billion that was cut from Medicare to pay for Obamacare.

 httpv://www.youtube.com/watch?v=8zO3jCmfPDA

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SOURCE: http://weaselzippers.us

kaltbaum premarket

Adding REGN but ONLY if it breaks above $142.
 
Adding TSCO but ONLY if it moves above $93.67.
 
Futures up a wee bit…
 
An amazing stat…NASDAQ at almost relative highs…NASDAQ Advance/Declines at multi-decade lows. Tells you just how much AAPL and a few others are doing the work.

I WARNED YOU BEFORE GROUPON CAME PUBLIC!

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A year ago, Rakesh Agrawal, an analyst and journalist who spent many years working in the local advertising business, wrote a series of devastating articles about Groupon. At the time, the digital coupon firm was regarded as one of the most brilliant Internet advertising companies to come along since Google. In fact, Groupon was so hot that Google itself offered $6 billion to buy it—but Groupon decided it didn’t want the search company’s billions and instead prepared to raise many billions more in a stock offering. Now, just before the IPO, Agrawal was calling Groupon’s entire business model into question.

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SOURCE: http://www.slate.com