BEFORE THE NEW YEAR AND BEFORE THE FISCAL STIFF DEAL, I SAID THIS: “The DOW finished below the 50 and 200 day. The S&P finished below the 50 day but above the 200 day. The NASDAQ/NDX finished below both. The RUSSELL remains above both showing some relative strength in the small caps. The…
Congress has apparently reached agreement on new tax rates to avoid the Fiscal Cliff, although they’re still fighting about spending cuts. The details on taxes are still leaking out. Here’s the best sense of the deal that have been reported so far (these are from the New York Times). We’ll update with more information as we get…
https://archives.warpradio.com/btr/InvestorsEdge/010418.mp3 JUST LETTING YOU KNOW How This is Possible Yesterday and Wednesday, I reported to you something very simple (without telling you to do anything): The Russell 2000 broke out of a two-year base. The New Your Stock Exchange broke out of a two-year base. The Smallcaps broke out of a two-year base. The Mid-caps…
MADRID—Spain has been quietly tapping the country’s richest piggy bank, the Social Security Reserve Fund, as a buyer of last resort for Spanish government bonds, raising questions about the fund’s role as guarantor of future pension payouts. Now the scarcely noticed borrowing spree, carried out amid a prolonged economic crisis, is about to end, because…
Secretary of Labor Hilda Solis made her ubiquitous post-NFP appearance on CNBC this morning and spouted the usual propaganda. However, while discussing how wonderful the ATRA was, the seemingly slap-happy Solis noted how great the fact that emergency unemployment benefits were extended for millions of people was – and that thanks to that (and the…
…but I think we all know better! Fed mouthpieces Bullard and Lacker are out in force this morning talking the market back from the edge of yesterday’s FOMC Minutes and reassuring us that the economy is going to be weak enough for a lot longer to justify the Fed’s actions. However, right at the end…
JUST WHO ARE THE LUNATICS? AS I HAVE TOLD YOU, THE CON ARTISTS WANT YOU TO BELIEVE THAT MORE DEBT IS NO PROBLEM! Continued SOURCE: http://www.mediaite.com
…just thought this needed posting to show you courts are nuts and laws need to be updated. LOS ANGELES (AP) — California appellate judges urged legislators to update an arcane 19th century law, as the panel reversed the rape conviction of a man who authorities say pretended to be a sleeping woman’s boyfriend before initiating…
The 11th-hour deal to avert the so-called fiscal cliff preserved billions of dollars in corporate tax giveaways even as it slashed take-home pay for millions of American workers. Tucked inside the last-minute fiscal cliff package were more than a dozen tax loopholes, many of which will benefit Wall Street financial firms and some of the…
