[email_link] Daimler AG (DAI) and Porsche AG provided evidence that the worst European car market in 17 years has started to spread to the luxury brands, mirroring a broader recession that has spilled from southern Europe to Germany. Stuttgart, Germany-based Daimler said yesterday that operating profit at Mercedes-Benz Cars will fall this year, lowering a previous target…
[email_link] Guido Mantega, Brazil’s finance minister, has warned that the U.S. Federal Reserve’s “protectionist” move to roll out more quantitative easing will reignite the currency wars with potentially drastic consequences for the rest of the world. “It has to be understood that there are consequences,” Mr. Mantega told the Financial Times in an interview on…
Well…now INDIA easing. Everyone following suit. Bubblelicious! Good news on KORS…I think. They raised numbers again….so stock up 4%. Secondary will come Monday. Not sure how they legally announce this right before secondary…propping up stock…to get higher price. Market proxies I told you to buy on breakout day still working…and market overall constructive…
If they cant send the market down, it is probably going up. We got lucky. HFC never went under $40…and then popped. If oils can get going, HFC will lead…and will have others. Taking a pass tonight but may come at you tomorrow with a couple plays. Market remains in great shape…and on a…
[email_link] Can’t say anything bad about the Pres. “Nearly 6 million Americans — significantly more than first estimated — will face a tax penalty under President Obama’s health-care overhaul for not getting insurance” according to analysts for the nonpartisan Congressional Budget Office, reported the Associated Press’s Ricardo Alonso-Zaldivar yesterday. That’s 50 percent higher than the 2010…
[email_link] Hey yutz…THEY EARN IT! Read and watch: The more I watch MSNBC’s Martin Bashir, the more I believe he has difficulty finding the floor in the morning when he wakes up. Consider Thursday’s program when he actually told his tiny audience that the rich seeing bigger income gains than the rest of country the…
[email_link] Former Minnesota Gov. Tim Pawlenty is resigning as a national co-chairman of Republican Mitt Romney’s presidential campaign to lobby for the financial services industry. The Financial Services Roundtable announced Thursday that Pawlenty will become its new president and chief executive officer on November 1, days before the 2012 election. Pawlenty was an early entrant…
[email_link] CBS reports this morning that witnesses are saying “that there was never an anti-American protest outside of the consulate [in Benghazi, Libya]. Instead, they say, it came under planned attack. That is in direct contradiction to the administration’s account of the incident.” “What’s clear,” the CBS reporter concludes, “is that the public won’t get a…
[email_link] I HAVE NEVER UNDERSTOOD WHY IT IS “GREED” TO WANT TO KEEP THE MONEY YOU’VE EARNED, BUT NOT GREED TO WANT TO TAKE SOMEBODY ELSE’S MONEY! THOMAS SOWELL
CHANGING THINGS UP HERE. Forget MON from last night. Futures are down decently. For me, it is pretty simple. Markets have had no pullbacks off of a sea of monetary easing by Europe, Bernanke, Japan and China. This has caused the dollar so swoon and Euro to soar…pushing up assets. But nothing goes straight…
