THIS PRESIDENT HAS NO PROBLEM WITH MORE ON WELFARE AND FOOD STAMPS.

THIS PRESIDENT HAS NO PROBLEM WITH MORE ON WELFARE AND FOOD STAMPS.

[email_link] LOOK WHAT THEY JUST DID UNDER THE COVER OF NIGHT. THE MAINSTREAM MEDIA WILL NOT REPORT THIS. Republicans are accusing the Obama administration of unilaterally gutting welfare reform after the Department of Health and Human Services quietly notified states that they may seek a waiver for the program’s strict work requirements.  HHS made the…

kaltbaum early notes

kaltbaum early notes

Combine the ok reaction in JPM and WFC with this…the rumor of the ECB buying up Euros…which jacked the market up…especially the down and out commodity areas and the down and out weak dollar plays…namely IBM. The rumor is probably true…but frankly, couldn’t care less. Markets were near term oversold. Put buying was huge yesterday…

PUSHING WELFARE INSTEAD OF OF WHAT IS REALLY NEEDED!

PUSHING WELFARE INSTEAD OF OF WHAT IS REALLY NEEDED!

[email_link] The government has been targeting Spanish speakers with radio “novelas” promoting food stamp usage as part of a stated mission to increase participation in the Supplemental Nutrition Assistance Program (SNAP), or food stamps. Each novela, comprising a 10-part series called “PARQUE ALEGRIA,” or “HAPPINESS PARK,” presents a semi-dramatic scenario involving characters convincing others to get on food stamps,…

LET ME BE CLEAR. THERE SHOULD BE CRIMINAL CHARGES AGAINST ANYONE WHO COVERED THIS UP! THERE SHOULD BE NO QUARTER!

LET ME BE CLEAR. THERE SHOULD BE CRIMINAL CHARGES AGAINST ANYONE WHO COVERED THIS UP! THERE SHOULD BE NO QUARTER!

[email_link] Penn State’s internal investigation released a final report Thursday describing how the University’s top officials ‘repeatedly concealed critical facts’ about former assistant coach Jerry Sandusky’s sexual abuse of young boys for over a decade.  The report was spearheaded by former FBI director Louis Freeh who was hired by the school’s board to lead the nearly-eight-month…

kaltbaum midday

kaltbaum midday

Well…a bunch of things reversing…with some things strong. But still a lot of damage being done unless the nasdaq and russell reverse. As of this second, dow is masking things as MRK,PG and CVX making things better but no doubt, market is trying to defend its turf here.   Underneath the surface:   Housing remains…

kaltbaum premarket

kaltbaum premarket

Nothing to do here…market gapping down big here…not even sure why. The market gets a chance to defend itself with this gap to the downside. Will be watching to see if it can reverse. If not, expect IBD to go MARKET IN CORRECTION. But that really doesn’t matter as more and more names breaking support/moving…