[email_link] PFGBest has frozen its customers’ accounts after an apparent suicide attempt by its owner Russell R. Wasendorf Sr. and a report from an industry group that more than $200 million in customer funds at the Iowa-based trading company are missing. Late Monday, the National Futures Association (NFA), which regulates the futures industry, said it has…
[email_link] The Congressional Budget Office estimates the U.S. will report nearly a trillion dollar deficit for the first nine months of fiscal year 2012. In its “monthly budget review,” the CBO reports that the Treasury Department has accrued a $905 billion deficit throughout the first three quarters of the fiscal year, which began on Oct. 1, 2011….
It is only noon but the action already today has been a joke…a hot open sold badly…and then poof, rally back up some…but leave no doubt that we are doing the right thing by not doing much. Market trying to piss off just about everyone. A few things I am seeing: Will know…
[email_link] Forget Ali – Frazier; ignore Santelli – Liesman; dismiss Yankees – Red Sox; never mind Silva – Sonnen; the new undisputed standard by which all showdowns will be judged happened in Spain over the weekend. During a debate on Europe’s crisis, Pedro Schwartz (a mild-mannered Spanish ‘Austrian’ economics professor) took on the heavyweight Paul ‘I…
Futures up as there was an announcement that they were going to be nicer to Spain with their loans or something like that. Hedge fund manager David Einhorn on CNBC touts AAPL…like it needs touting…so up another $3 on open. AAPL in 5th stage base…but rounding a nice cup going into next week’s earnings….
Fortunately, AAPL keeps on…but V almost reversed. Not a great sell. I really have nothing to add after sending you leader’s list. There is just not much here to do….AND several thousand names report soon. There is no way market goes higher without semis/tech…and right now, that aint happening. Wish I could give you more…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/070918.mp3 JUST LETTING YOU KNOW As you know, during my vacation, I went Italy, France and Greece. When I was in Greece. I spoke to about 15 people there and I let them know that I have a national radio show we talk about the economy, the markets, government, politics, taxes and the like….
[email_link] The title should be “Obama calls for raising taxes on anyone making over $250,000/year to pay for the things he already spent money on.” Read this: Washington (CNN) — President Barack Obama revitalized his push for holding down middle class tax rates Monday, calling on Congress to pass a one-year extension of the Bush-era tax…
[email_link] SOURCE: Six Billion Dollar Bet | FRONTLINE | PBS
[email_link] A new report says wealthy Maryland residents may be moving out due to recent tax hikes – a finding that is sure to escalate the battle over taxing the American rich. The study, by the anti-tax group Change Maryland, says that a net 31,000 residents left the state between 2007 and 2010, the tenure…
