[email_link] In the wake of the Treasury Department’s newly released summary of federal spending for 2012, it’s now possible to detail just how profligate the Obama years have been. Here’s the upshot: Under Obama, for every $7 we’ve had, we’ve spent nearly $11 (or, to be more exact, $10.95). That’s like a family that makes $70,000 a…
[email_link] The government spent approximately $1.03 trillion on 83 means-tested federal welfare programs in fiscal year 2011 alone — a price tag that makes welfare that year the government’s largest expenditure, according to new data released by the Republican side of the Senate Budget Committee. Continued SOURCE: http://dailycaller.com
Futures down as Euro pulls back… I am less than thrilled with the action in growth stocks. Money flows have gone into areas like the commodities off the bottom, the financials where Einstein couldn’t figure out their opaque accounting, housing…which remains in a bull as they refuse to break the 50 day…and industrial types. Regardless…
The service may start probing some commodity names…but after 3 days up, need a pullback first. Seeing a lot of names turning corner like RIO,BHP…and a couple that may lead like a SCCO. Right now, just continue to see better r/s in these areas as well as foreign markets. The problem I am having…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/101718.mp3 JUST LETTING YOU KNOW I received a lot of emails on the debate last night. I was on Twitter and being my usual sarcastic self. How do I put this? Well first, obviously from your emails, nothing has changed in the con-artist corrupt media. We know what Candy Crowley did and tried to…
IBM,INTC,ISRG,LLTC,FTNT,APOL,SWK,CHKP,STJ,DGX,TXT all gapping down. CREE,MANH,URI gapping up…but S&P futures still up…NASDAQ futures down. Why is S&P up? The dollar getting wacked again…thus the commodity areas/foreign markets are up. I have told you in recent days that I am seeing better r/s in foreign markets for the first time in months and months…because the Euro is…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/101618.mp3 JUST LETTING YOU KNOW When you have a chance, go look at a chart of the S&P 500. All that happened here was that the market got extended, pulled back into the 50-day moving average, sat on it for a day and a morning and rallied off of it. The Dow did the…
Getting ready for debate. That hold of the 50 day was a good hold…and KORS moves out today…so re-buy it from here or on any little pullback. I will have more in the morning. IBM coughing it up…INTC no great shakes…we’ll see if they hurt market in morning.
[email_link] France is sliding into a grave economic crisis and risks a full-blown “hurricane” as investors flee rocketing tax rates, the country’s business federation has warned. “The situation is very serious. Some business leaders are in a state of quasi-panic,” said Laurence Parisot, head of employers’ group MEDEF. “The pace of bankruptcies has accelerated over…
[email_link] A123 Systems Inc. (AONE), the electric car battery maker that received a $249 million federal grant, filed for bankruptcy protection and said it would sell its assets to Johnson Controls Inc. (JCI) The filing may fuel a debate over government financing of alternative-energy and transportation businesses. Federal grants and loans to companies including A123, Fisker…
