[email_link] This is Jeremey Grantham in 2010. He echoes everything I believe…that there will be another ultimate outcome of flawed and idiotic policy by one person who has more power than anyone in this world…the power to print trillions of dollars with no oversight. Continued SOURCE: http://www.businessinsider.com
Really no reason to do anything this morning. The problem is that at 1230, the market will tank if the fed does not announce another round of printing of money. I say this because this market started going at 305 pm when it was announced central banks would be doing their thing…a direct correlation with…
See what fed action can do. Just the yapping at 3 pm thursday has done the trick. Today, it was the worst areas with the best day because the euro is going up because the dollar is sinking on fed action…which they had better do something because the market is expecting it tomorrow. LPX…
[email_link] SPRINGFIELD, Ill. (AP) — Recession-plagued states diverted scarce money away from pensions to pay for more immediate concerns, leaving a $757 billion hole in the retirement fundscovering millions of public employees, according to a study released Monday. The Pew Center on the States found 34 states failed to maintain safe levels of money in the pension funds, which…
Futures up about half percent as the fed starts two day meeting. I hate the fact that we have to depend on one man’s moves. Think about it. If they come out and say nothing about more printing of money (QE), the market will be hit. The reason is they telegraphed more easing late last…
Great day for growth today while the dow was down. Hopefully it continues as it will just set more and more things up. Had scanning issues tonight. Will have premarket with picks in the morning.
I think you can probe AAPL with a stop under the lows of June 14. Small probes can be taken in CRUS and EBAY. Both near term extended…thus the small probe. If they pull them in, you look to add. Even though DOW is down, VERY STRONG NASDAQ…which is always leading index bith up and down….
[email_link] Just out of hand irresponsible nut jobs running the show. Read this: While the Senate Banking Committee last week spun its wheels trying to get JP Morgan chief Jamie Dimon to admit to something nefarious during testimony about his “London Whale” trading loss, executives at the big bank were concealing a far bigger scandal….
Well, I lost a $100 bet…as the futures have reversed. Last night, they hit to up 90…right now, they are down about 50. Yields continue to rise in Europe as well as many realizing nothing has changed. So…follow through day on Friday…but only 1.3%. HMMM! Here is leaders list first: AAPL-tracing out very nice base…
[email_link] At about 3 pm on Thursday, the market looked to be crapping out once again…but not to be. Big Ben and his cohorts, in a coordinated effort, leaked to the press that they were ready with their bazookas once again. That was enough for the market to rip to the upside into the close…and…
