HEY JAY Z…THEY STAND FOR SQUAT!

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Jay-Z says Occupy Wall Street had a fatal flaw: Its 99 messages.

The legendary rapper, in a new interview, says he never threw his support behind the protest movement because he didn’t understand what it stood for.

“What’s the thing on the wall, what are you fighting for?” Jay-Z told The New York Times in a wide-ranging interview.

Continued

SOURCE: http://www.nydailynews.com

SOMEONE EXPLAIN TO ME HOW THIS CAN HAPPEN!

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WASHINGTON – A PR duel will be in two and a half weeks during the United Nations General Assembly discussions in New York between Prime Minister Benjamin Netanyahu and Iranian President Mahmoud Ahmadinejad.

The Iranian leader is expected to address the GA on the Jewish holy day of Yom Kippur, while Netanyahu will speak the next day after arriving in the United States.

According to diplomatic sources in New York, the Iranian issue will be at the top of the agenda of the GA’s speakers, although there will be no votes during the 10-day assembly.

All Western leaders – including German Chancellor Angela Merkel, British Prime Minister David Cameron and French President Francois Holland – are expected to speak. Their presence in New York will pave the way for discussions on the Iranian issue.

Continued

SOURCE: http://www.ynetnews.com

SOUNDS LIKE ALL OF WASHINGTON DC

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“The arrests are the latest development in an ongoing federal investigation into alleged corruption within Mack’s administration, which has been marked by accusations of nepotism and reckless spending.”

That’s a quote from this article. Sounds like all of Washington DC. 

THIS WRITER MUST BE LISTENING TO MY RADIO SHOW!

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This writer must be listening to my radio show!

The Democrats have decided to run in 2012 as the bailout party. It is an odd choice — the 2008–09 bailouts were deeply unpopular among the general public, and even their backers were notably conflicted about the precedent being set and the ensuing moral hazard. But Democrats have nonetheless made one of the most abusive episodes in the entire bailout era their economic cornerstone: the government takeover of General Motors.

The GM bailout was always an odd duck: The Troubled Asset Relief Program (TARP) was created in order to preserve liquidity in the financial markets by heading off the collapse of key financial institutions that had made catastrophically bad bets on real-estate securities — nothing at all to do with cars, really. GM’s financial arm, today known as Ally Financial, was in trouble, but GM’s fundamental problem was that its products were not profitable enough to support its work-force expenses. A single dominant factor — the United Auto Workers union’s extortionate contracts with GM — prevented the carmaker from either reducing its work-force costs or making its products more efficiently. And its hidebound management didn’t help.

Continued

SOURCE: http://www.nationalreview.com

LET’S KEEP MAKING S–T NOBODY WANTS!

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(Reuters) – General Motors Co sold a record number of Chevrolet Volt sedans in August — but that probably isn’t a good thing for the automaker’s bottom line.

Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.

And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.

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SOURCE: http://www.reuters.com

kaltbaum premarket

I am going to hold off on ULTA…and hope it puts in a handle.

 Futures down a wee bit.

FINANCIALS have emerged and will play some ads they pull back…and now starting to see MATERIALS stocks coming to the fore.

 KORS announced secondary…down about $2.70 pre-market but still looks fine. Thinking this was showing real strength so let’s hope the second secondary in months doesn’t stop it.

As always, will be dictated by the action. Hoping market pulls back in here a little bit.

kaltbaum email

AMGN-Sitting for 6 weeks as 50 day catches up. On the 21 day right now.
AAPL- Mostly sitting for 3 weeks…edges into new high…iphone 5 soon.
AMZN- Continues to move higher on product announcements.
ALXN- Edging into new highs on no volume.
BIIB- Breaks out of flat base with some volume.
CRUS-Very strong and extended…lots of insider selling showing up.
EQIX- Moves above 200 and then below…may need rest.
EXPE- Still holding 50 day this past week…worried about TRIP and PCLN action in same group.
EBAY- Continues to drift higher.
GOOG- Shows continued strength.
HD- Sitting very tight past 3 weeks. Tried to edge out…pulled back in.
HAIN-Edged out of short stroke pattern.
KORS- No issues so far but no new entry.
MLNX- Slammed on downgrade Friday. Hopefully sets up and gives a chance.
N- Moved a little off tight range.
PETM- Another sitting very tight..
ROST- Back on 50 day…a little worried about late stage.
SHW- No issues…no entry..
SWI- Moved out of tight pattern.
TJX- Just sitting here.
UA- Edges into new high.
V- Sitting tight just above 50 day.
WFM- Still fine but have to think about TFM now.
 
I am adding ULTA to this list…and think you can take a small probe here off breakaway gap.
 
Also, LULU may go back on…big move Friday.
 
Everything service owns doing fine…but definitely watching the ROST and TJX…as they have had a big move. Recent adds like AMZN,REGN,TSCO really working. KORS also doing well but they announced ANOTHER secondary after the close Friday and was down about $2. Not happy about this.
 
Lastly, a few major indices broke out. I dont have a problem with you being in the SPY,QQQ as long as they don’t tuck their head back in. There was also a good move in the financials as they broke out. Will also continue to look for re-entry on Gold and Silver as I sold service too soon. The FED meets this week with the bet being more printing of money…probably in the $500 billion- $1 trillion.

THAT’S RIGHT. THE DEBT IS FAKE.

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…THE DEBT DOESN’T MATTER. THE DEBT IS A MIRAGE. IT IS MEANINGLESS. IT IS JUST PEOPLE MAKING THINGS UP! WHERE DO THESE YUTZBAGS COME FROM?

Just saw John Sununu, one of Republicans favorite Bushie junk yard attack dogs all up in arms about the debt subject to the limit (the so-called national debt) reaching $16 Trillion dollars, and going on to tell people that every man, woman, and child in the United States now owes $50,000 to pay that debt off. Now, I’m here to tell you that all that is bull shit.

The debt subject to the limit is a debt incurred by the Congress and the Treasury Department because when the Government spends more than it taxes, the Treasury Department issues debt instruments in the name of the US Government even though it doesn’t have to do that in order to deficit spend. These instruments make the Government a debtor. But they don’t make any individual man, woman, or child in the United States a debtor.

Continued

SOURCE: http://www.correntewire.com

OH CRAP! NEVER WANT TO SEE FRONT COVERS LIKE THIS!

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THIS IS WHAT YOU GET WHEN YOU TRY TO CONFISCATE TOO MUCH!

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France’s richest man has applied for Belgian nationality – as the Socialist government in his home country raises the tax rate to 75 per cent.

The announcement by Bernard Arnault, who is worth a conservative 30 billion pounds, comes after President Francois Hollande admitted that he ‘dislikes the rich’.

But Mr Arnault’s move has led to a crisis for the tax-and-spend Socialist, with former minister Jean-Pierre Chevenement saying: ‘The vast majority of French elites do not believe in France anymore.’

Continued

SOURCE: http://www.dailymail.co.uk