[email_link] San Bernardino on Tuesday became the third California city in less than a month to seek bankruptcy protection, with officials saying the financial situation had become so dire that it could not cover payroll through the summer. The unexpected vote came at the suggestion of the interim city manager, who said the city faces…
I am not making this up. Put my head down on pillow last night at 745 pm…and woke up at 630 am. I guess I am still on Europe time. I didn’t even get a chance to scan last night…but will start scanning in 5 minutes But really dont need to scan. The “forced: follow…
[email_link] We shall see…but I must tell you. Whenever a company hits the front cover, time to get the ears pinned back. But with LinkedIn, this is a newer company with an $11 billion market cap with about $600 million in sales…and trading over 200x earnings. We’ll be watching! LinkedIn’s chief executive, Jeff Weiner, doesn’t…
[email_link] PFGBest has frozen its customers’ accounts after an apparent suicide attempt by its owner Russell R. Wasendorf Sr. and a report from an industry group that more than $200 million in customer funds at the Iowa-based trading company are missing. Late Monday, the National Futures Association (NFA), which regulates the futures industry, said it has…
[email_link] The Congressional Budget Office estimates the U.S. will report nearly a trillion dollar deficit for the first nine months of fiscal year 2012. In its “monthly budget review,” the CBO reports that the Treasury Department has accrued a $905 billion deficit throughout the first three quarters of the fiscal year, which began on Oct. 1, 2011….
It is only noon but the action already today has been a joke…a hot open sold badly…and then poof, rally back up some…but leave no doubt that we are doing the right thing by not doing much. Market trying to piss off just about everyone. A few things I am seeing: Will know…
[email_link] Forget Ali – Frazier; ignore Santelli – Liesman; dismiss Yankees – Red Sox; never mind Silva – Sonnen; the new undisputed standard by which all showdowns will be judged happened in Spain over the weekend. During a debate on Europe’s crisis, Pedro Schwartz (a mild-mannered Spanish ‘Austrian’ economics professor) took on the heavyweight Paul ‘I…
Futures up as there was an announcement that they were going to be nicer to Spain with their loans or something like that. Hedge fund manager David Einhorn on CNBC touts AAPL…like it needs touting…so up another $3 on open. AAPL in 5th stage base…but rounding a nice cup going into next week’s earnings….
Fortunately, AAPL keeps on…but V almost reversed. Not a great sell. I really have nothing to add after sending you leader’s list. There is just not much here to do….AND several thousand names report soon. There is no way market goes higher without semis/tech…and right now, that aint happening. Wish I could give you more…
[email_link] The title should be “Obama calls for raising taxes on anyone making over $250,000/year to pay for the things he already spent money on.” Read this: Washington (CNN) — President Barack Obama revitalized his push for holding down middle class tax rates Monday, calling on Congress to pass a one-year extension of the Bush-era tax…
