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…
EXPE hit as PCLN down almost $30 on a downgrade. EXPE’s 50 day is at $57.80. A break below is a sell…simple as that. Growth continues to go no place fast. The indices had best not follow growth. Early strength in biotech,semis,transports…yippee! Weakness in financials and housing…and of course, indices do not…
Futures down a wee bit…. AAPL down another $7 as Jefferies lowers target from $900 to $800…expect more of that if AAPL stays weak. A few have targets at $1000. Nothing else this morning. I hate this market. Growth either croaking or sitting. Better action in past week or two has been…
The growth leaders: AMZN- Back on this list but not sure of wide and loose pattern. AMGN- A buy moving above $89.60. EXPE- Acting fine…but just sitting. EBAY-Just sat on light volume all week. HD- Sitting past two weeks. MA– Pulling into 50 day where service may probe. REGN- Sitting just above mini-breakout. RAX-…
https://archives.warpradio.com/btr/InvestorsEdge/120718.mp3 JUST LETTING YOU KNOW We had the unemployment figure out today and they say it went from 7.9% to 7.7%. Ladies and gentlemen, the fix remains in. 540,000 people they say, left the workforce. If you went back four years and just had the same amount of people in the workforce, we’d be at…
(CNSNews.com) – The federal government ran a deficit of $292 billion for the first two months of fiscal year 2013 – October and November 2012 – amounting to $4.8 billion of borrowed money each day. “The federal budget deficit was $292 billion for the first two months of fiscal year 2013, $57 billion more than the…
(CNSNews.com) – The unemployment rate for civilian government workers plunged from 4.2 percent in October to 3.8 percent in November, according to the Bureau of Labor Statistics, as government added 35,000 to its taxpayer-funded payrolls during the month. In October, federal, state and local governments in the United States employed 20,524,000 people. In November, that climbed to 20,559,000….
