There has been a reason why I have been shy in issuing new stuff. There has been 5 distribution days on the NYSE and 3 on the NASDAQ into today. Today really put a stamp on the distribution. No one knows what this will turn into but let me say, most are used to…
[email_link] On this morning’s edition of CNBC’s Squawk Box, reporters Rick Santelli and Steve Liesman got into an epic shouting match over the former’s suggestion that the recent 7.8% unemployment figure may have been an intentional election-year manipulation by the administration. Continued SOURCE: http://www.mediaite.com
[email_link] Subject: Message from David Siegel Date:Mon, 08 Oct 2012 13:58:05 -0400 (EDT) From: [David Siegel] To: [All employees] To All My Valued Employees, As most of you know our company, Westgate Resorts, has continued to succeed in spite of a very dismal economy. There is no question that the economy has changed for the…
[email_link] The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting the impact of looming health coverage requirements. Darden Restaurants declined to give details but said the test is only in restaurants in four markets across the country. The test entails increasing the number…
I think you just go to cash on book the gains in amzn,el,kors,tsco. Will have more on this tonight.
[email_link] DOW masking some deterioration. NDX below 50 day…NASDAQ sitting on 50 day. Charts provided by Stockcharts.com
[email_link] Government numbers showing the unemployment rate has fallen under 8 percent for the first time in nearly four years don’t reflect actual business conditions, venture capitalist Ken Langone said on CNBC. Joining a heated debate over the state of the U.S. jobs picture, the Home Depot founder and Geeknet CEO said the most recent U.S. Bureau of…
S&P futures flat…NDX futures down a wee bit. I want to clarify a couple of things. Fact…5 distribution days on nyse and s&p. 3 on the nasdaq. Distribution days do not have to kill markets but they are the sign that a market is tired and a market that can potentially…
[email_link] President Obama touted it in 2010 as evidence “manufacturing jobs are coming back to the United States,” but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced. Workers at the Compact Power manufacturing facilities in Holland,…
Nothing new. Crappy day with dow holding up best while aapl leads nasdaq/ndx down. A few thousand earnings reports coming out over next 3 weeks…so probably best to sit. But if something shows up, I will be all over it. AMZN actually could set up for another add-on. Service is up $23 on it….
