The chairman of President Barack Obama’s job council has endorsed China’s style of crony capitalism, saying “state-run communism may not be your cup of tea, but their government works.” Jeff Immelt is the dual-hatted chairman of the President’s Council on Jobs and Competitiveness, and of General Electric, a huge company with businesses in many domestic and international…
Nine years ago, California Democrat Gray Davis became the first U.S. governor in 82 years to be recalled by voters. The state’s 20 million taxpayers still bear the cost of his four years and 10 months on the job. Davis escalated salaries and benefits for 164,000 state workers, including a 34 percent raise for prison guards, the first of a series…
The French are fleeing. A spate of proposed tax hikes is leading hundreds of wealthy French to consider leaving the country and putting their homes on the market, real-estate agents say. The result: the best opportunity in years for foreigners to buy a Parisian pied-à-terre or country château. The number of high-end homes on the…
Futures up nicely…europe stronger…us stronger…fed announces blah blah blah tomorrow. Since the follow through day…major averages up 1% with :stuff’ leading. Last night, mentioned PWR,POL,TEX,TER all with nice breakouts. While service won’t play…still worth mentioning for you to look at. As far as the lagging NASDAQ/NDX…it is AAPL. If AAPL gets a bid, they…
https://archives.warpradio.com/btr/InvestorsEdge/121018.mp3 JUST LETTING YOU KNOW As you know, we have walked you through the action in Apple in the recent past. First, it broke the 50-day moving average on October 8 on a good increase in volume. It sat around, tried to rally back up into the 50-day and failed miserable and rolled over. Then,…
WASHINGTON — Your medical plan is facing an unexpected expense, so you probably are, too. It’s a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama’s health care overhaul. The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest…
Not much I liked about today. When a PCLN can give so much back on a downgrade…taking EXPE with it. When growth either sits or pulls back…just not thrilled. Yes…names like PWR,POOL,TEX,TER have little breakouts but not what I call strong names. AMGN did edge above resistance but conviction remains low. This market is…
A new poll conducted by Politico/GWU/Battleground finds that 76 percent of Americans favor “Cutting government spending across the board.” Fifty-nine percent of Americans registered to vote strongly favor the “across the board” cuts and 17 percent “somewhat” favor the cuts. Only 13 percent strongly oppose “across the board” spending cuts, and 10 percent “somewhat” oppose the cuts….
Hypocrisy on taxes continues to run rampant in both parties. Read this: Google Inc. (GOOG) avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show. By legally funneling profits from overseas subsidiaries into Bermuda, which doesn’t have a corporate…
I have not written a report on the market since I penned my report on November 17th…titled “NEAR TERM LOW BUT MAJOR TREND REMAINS DOWN” The reasoning for that report was simple…bearishness had reached very high numbers which almost always leads to a near-term rally but more importantly was the action on Friday Nov. 16…
