Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center. Earners in the latter group will pay an average 1.3 percent more – or an additional $2,711 – in taxes this year, while workers…
Futures up a wee bit off the fake job’s report. For me, the best thing the market can do after the gap this week off the fiscal stiff…is to sit. The worst thing for me is it just goes higher. The good news is bases have been formed and a lot has broken out….
https://archives.warpradio.com/btr/InvestorsEdge/010318.mp3 JUST LETTING YOU KNOW Today was boring compared with yesterday. But it was okay compared with yesterday. There’s nothing wrong with a pullback day. I’d like to see a few more days like this, but I gather we’ll get something tomorrow in way of movement from the fake jobs numbers. And yes ladies and…
Updated 2:14 p.m. — Ohio Rep. John Boehner, R, won a second term as speaker of the House on Thursday over the dissent of a handful of House conservatives. Following a bruising first two years as speaker and leader of House Republicans, 10 conservative lawmakers cast votes for someone other than Boehner during a roll call…
Treasury Secretary Timothy Geithner reportedly plans to step down at the end of January even if lawmakers don’t reach an agreement on the debt ceiling debate. Geithner, the only original member of President Obama’s economic team still in place, has signaled to White House officials that he will leave at the end of the month, Bloomberg…
Small change this morning…RAX is a little too far out…and needs some pulling in. The best play is pullbacks after yesterday’s gap but not sure you get much. Last year, market gapped up 1st day and went up for the whole first quarter before topping out. Bottom line, you have to go with the evidence…
Holy crapomatic Batman…for starters, for your review, all these names had breakouts of some sorts today: AMP,ASH,ADI,AME,APH,ASGN,AMT,BUD,BG,BLL,BK,BX,BRKB,BLK,BC,COF,CERN,CELG,CSC,CX, CI,CCI,CFX,C,CMC,CBS,COST,DE,EBAY,ESV,EMR,ETN,EXPE,EQIX,FNF,FBHS,FBR,GS,LEN,LLTC, LMCA,MA,MTW,NTRS,NWSA,ORCL,OII,PAA,PNR,PSX,POL,PCAR,REGN,SCHW,SCCO,STZ,STT,TSO, TROW,TSM,TYC,URBN,USG,ULTA,UNP,URI,VLO,VRSK,VIAB,WHR,WYNN,WYN,X. On top of that, the midcaps, nyse, russell broke out with everything else furiously coming up the right side. Foreign areas like eem,efa,fxi,ifn also breaking out or broke out. It doesn’t take…
https://archives.warpradio.com/btr/InvestorsEdge/010218.mp3 JUST LETTING YOU KNOW While I was gone on vacation, the emails I got were 9 to 1 asking about the Fiscal Stiff. Many were asking about waiting to invest until the Fiscal Stiff was fixed up. And I just emailed back to everyone the same words: “Can’t blame you for sitting tight.” Because…
Continued SOURCE: https://www.zerohedge.com
I will have a lot more to say tonight… at 1245 pm, markets pulling in just a wee bit from the early morning frenzy. That’s ok…as they came straight up from Monday and today off of news-driven stuff. There is no way I am jumping on this today. Markets are just back into…
