Markets

In DC news, Paul Manafort and Richard Gates have been indicted by a federal grand jury. The ride begins. Looks like a bunch of financial crimes. As I always say…if you do the crime, be prepared to do the time. And as predicted, the media is breathless. They are hoping and praying these 2 have…

—By Gary Kaltbaum  October 30, 2017— —Random stuff and then the markets.— —Wednesday, November 15 is the 14th annual (maybe 15th) Kaltbaum family Blessing’s Banquet. Every year, we sponsor a Thanksgiving dinner for about 400 youth from the Boys and Girl’s Clubs of Central Florida. Most would not have Thanksgiving dinner if not for this night….

Big gaps in big Nasdaq-types doing the trick this morning. GOOGL up $30. AMZN up $69. MSFT and INTC also up. MAT, EXPE, BIDU, FTNT, GILD, WDC, EFII on the downside. Yesterday, BIOTECHS continue the cave and should be avoided and now DEFENSE stocks look to be in trouble off the reactions to numbers. Will…

Lots to cover. We have told you for many moons that the world will never stop their easy money policy. They can’t. They have caused and bought up asset prices across the spectrum. Depending on which abacus you are using, the guess is between $15-20 trillion…let us repeat…TRILLION of printed money, out of thin air,…

SOURCE: https://www.cnbc.com/2017/10/25/airlines-get-ready-for-new-us-security-rules-that-take-effect-tomorrow.html

By Gary Kaltbaum October 25, 2017 This is not a defense of President Donald Trump. Lord knows I have many issues with the “presidentialness” of the current president but I ask, was there any past before President Trump? Does Flake, Corker, the media, the Dems and the rest who have buried their head in the…