Liberal economist and New York Times columnist Paul Krugman said Wednesday that the U.S. is not in danger of a collapse, and the U.S. won’t run out of cash because “we can print the money.” “The United States is a country that has its own currency – can’t run out of cash, cause we print…
Some Unions Grow Wary of Health Law They Backed Labor unions enthusiastically backed the Obama administration’s health-care overhaul when it was up for debate. Now that the law is rolling out, some are turning sour. Union leaders say many of the law’s requirements will drive up the costs for their health-care plans and make unionized…
MA is a failed gap as of this second. A failed gap is when it simply sells off on perceived good news. I will be watching the rest of the day and advise. It is only 1030 and has already done a couple of round trips.
Lots going on this morning: First off, looked at earnings for MA…and said CRAP…thought it would be gapping down…but instead it is up $20. I would like to jump for joy but it is only about a 4% move but will take it. Gaps this morning are FTNT,JDSU,SWKS,ERIC,CTXS,ALGN,NOW,CNX,QCOM,LVS,UA,TSCO,PBI,PCAR, AN,BX,OXY and that’s all…
We take the pedal off the medal here as I am seeing some signs that dont thrill. The 3D stocks like DDD/SSYS, which have led…cheesed. RAX failing. Wide and loose AMZN…combined with the very extended market…and we kick back. Doesn’t mean we go and sell…just kick back. Nothing wrong with a little pullback from time…
Fed keeps stimulus in place as economy “paused” By Alister Bull and Pedro da Costa WASHINGTON | Wed Jan 30, 2013 2:54pm EST (Reuters) – The Federal Reserve on Wednesday left in place its monthly $85 billion bond-buying stimulus plan, saying economic growth had stalled but indicating the pullback was likely temporary. Describing the nation’s job market…
The nation’s long-term fiscal outlook hasn’t significantly improved following the recent agreement between Congress and the White House over tax and spending issues, according to a new analysis. The “fiscal cliff” deal, combined with the debt-limit agreement of August 2011, only slightly delays the United States reaching debt-to-gross domestic product levels that would damage the…
Rick Santelli Responds to Negative GDP Report: ‘We Are Now Europe Rick Santelli made a stunning observation Wednesday about the shocking report that the economy actually shrunk in the fourth quarter last year. “We are now Europe,” he declared on CNBC’s Squawk Box. Source: http://newsbusters.org/blogs/noel-sheppard/2013/01/30/rick-santelli-responds-negative-gdp-report-we-are-now-europe#ixzz2JTHtLTJv
January 30, 2013, 11:16 a.m. ET U.S. Economy Unexpectedly Contracts in Fourth Quarter Private-Sector Hiring Rose by 192,000 in January, ADP Reports By ERIC MORATH and SARAH PORTLOCK U.S. economic momentum screeched to a halt in the final months of 2012, as lawmakers’ struggle to reach a deal on tax increases and budget cuts likely led businesses to…
Finally seeing some extended areas coming in. Transports…which have been a moonshot coming in…Housing coming in…but major indices hardly down. Just keep in mind, market will eventually pull back…and market will return to the norm…which is the 50 day average…it is just a matter of how and when. On another note…MA reports in the…
