The U.S. Postal Service said its net loss last year widened to $15.9 billion, more than the $15 billion it had projected, as mail volume continued to drop, falling 5 percent. Without action by Congress, the service will run out of cash on Oct. 15, 2013, after it makes a required workers compensation payment to the U.S….
President Obama’s election victory ensured his Affordable Care Act would remain the centerpiece of his first term in power – but that has left some business owners baulking at the extra cost Obamcare will bring. Florida based restaurant boss John Metz, who runs approximately 40 Denny’s and owns the Hurricane Grill & Wings franchise has decided to…
“The sea was angry that day my friends, like an old man trying to send back soup at a deli” George Costanza To set the record straight, the market didn’t just top out in the past few days. The market had been topping out for weeks as more and more stocks and sectors started breaking…
WASHINGTON, Nov 14 (Reuters) – MF Global’s collapse and the loss of an estimated $1.6 billion in customer money was triggered by former CEO Jon Corzine’s poor management decisions and lax protections for customer funds, a congressional investigation has determined. The findings of the House Financial Services Subcommittee on Oversight will be spelled out in…
Just finished scanning. No man’s land became bigger no man’s land…very stretched and extended to the downside in the near term. Longer term, I suspect we are in a bear market…but will always let the market tell me when changes occur. For the longs, there is really nothing to do. For the shorts, it…
Just got back from my charity Thanksgiving dinner. I have had zero time to scan but really don’t need to. Despite oversold conditions, the market is falling apart. It is that bad. Just about everything is breaking down…just about everything is cracking. I am happy we are out of the way but iwsh we got…
Futures are up…yippee. Market still not getting traction as it finishes on lows yesterday. By rule, we are not even on day one. We need first up day to even start it. Even if we got a follow through day, not so sure enough leadership to get things going. CSCO up nicely but not…
That was a crummy day for the bulls…finishing at the lows after rallying early…pulling back…rallying again…and then yuck. When markets are oversold and cant rally, it is the worst of all worlds for the bulls. But there will be a better bounce and maybe the CSCO aftermarket will help. We are not even on…
https://archives.warpradio.com/btr/InvestorsEdge/111318.mp3 JUST LETTING YOU KNOW The market simply is in no man’s land right now. It’s a place where the market’s gotten hit. But interestingly enough, I’m going to take a short-term view of today’s action in with the rest of the view. Because out of the short-term action, you can actually get a feel…
While the rest of America was holding an election last week, the gnomes at the Congressional Budget Office released the final budget totals for fiscal 2012. They’re worth reporting because they illuminate the real fiscal choices that confront the country, as opposed to the posturing you’ll be hearing over the next few weeks. The nearby…
