That was a crappy week but notwithstanding the Middle East really blowing up, we believe Friday’s action potentially puts in a near term low. But caution…in bearish phases, bounces will only last so long. They serve to work off oversold conditions and when they peter out, selling shows up quickly. So shorter term: For starters, it is a…
On cue, a 1% gap to the upside today. This started at noon on Friday. Everybody saying it was on news of the fiscal cliff. Nope…it just happened to be the time. Again, here are a few things you need to know. Late last week, articles came out about Apple’s drop after a…
AMGN- Pulled below 50 day but just sitting below…will leave on for the second. EXPE- Sold down on PCLN/KYAK buyout but holds 50 day perfectly. HD- Holds 50 day on Friday. MA– Holds 50 day on Friday. N– Breaks 50 day…off list for this second. V-Holds 21 day on Friday. SHW- Adding back SHW…
A new White House petition wants President Obama to nationalize the “Twinkie industry,” saving the popular junk food from possible extinction. “We the undersigned, hereby request Barack Obama to immediately Nationalize the Twinkie industry and prevent our nation from losing her sweet creamy center,” a petition on the White House “We the People” website requests. Hostess Brands…
That’s the news that just came out. The DOW immediately rallied 100 points So instead of the market waiting on the Fed, the market now waits on a “solution” to the fiscal “stiff!” Just keep in mind, there isn’t any solution as all that will happen is taxes will go up and they will lie…
Headline that Speaker Boehner says meeting with the President was ‘constructive’ That’s the news that just came out. The DOW immediately rallied 80 points So instead of the market waiting on the fed, the market now waits on a “solution” to the fiscall “stiff!” Just keep in mind, there isnt any solution as all…
Futures were flat until the White House said something about spending cuts…blah blah blah…and now futures up decently. Now…that’s funny. The new market “waiting with panting breath” is whether the “fiscal stiff” will get fixed. Maybe it is replacing Mr. Bubble and his pronouncements of more printing of money. In any case, there will be…
I cannot wait until he either resigns or is fired. Enough with this “on-purpose” manipulation of markets. His only goal is for markets to go higher. I wish he would just shut the hell up. People being killed in bond funds past couple of weeks…brought to you by Mr. Bubble. Read this: Federal Reserve Chairman Ben…
The U.S. Postal Service said its net loss last year widened to $15.9 billion, more than the $15 billion it had projected, as mail volume continued to drop, falling 5 percent. Without action by Congress, the service will run out of cash on Oct. 15, 2013, after it makes a required workers compensation payment to the U.S….
President Obama’s election victory ensured his Affordable Care Act would remain the centerpiece of his first term in power – but that has left some business owners baulking at the extra cost Obamcare will bring. Florida based restaurant boss John Metz, who runs approximately 40 Denny’s and owns the Hurricane Grill & Wings franchise has decided to…
