[email_link] The Obama Administration has given a former director at the scandal-plagued Association of Community Organizations for Reform Now (ACORN) nearly half a billion dollars to offer “struggling” Illinois homeowners mortgage assistance, a Judicial Watch investigation has found. It means the ACORN official (Joe McGavin) will go from operating a corrupt leftist community group that’s…
[email_link] Internal emails show that BrightSource Energy, which received the largest federal loan for a solar energy project under President Obama’s stimulus package, leveraged its considerable political connections with top Democratic policymakers to secure its $1.6 billion in taxpayer backing. BrightSource energy faced a “do-or-die moment,” according to a report in Tuesday’s Wall Street Journal, as the…
As usual, changes from last night. LEN and COP both downgraded…LEN already down 35…so do not play either. BHI is a short if it breaks below $40. I would only be probing and not sending it in right now. There is a crapload of other shorts and will provide a list for your review with…
I can be short and to the point…and blunt. There was nothing I liked about today’s action…and in fact, have lots of short set-ups. BHI breaking below $40. LEN right in here as housing tops. COP in here as it rallied right back into the 50 day. I will have more. This may or may…
I wanted to wait until Bernanke stopped yapping before writing about today. It is only midday but have a few thoughts: I refuse to watch and listen to Bernanke but I amm told he didnt really talk about more QE. Let me be clear. Bernanke WILL CONTINUE TO PRINT MONEY FOREVER. This is who he…
[email_link] Leave no doubt that there is a coordinated effort around the globe to juice markets again. The Fed, all but telegraphed more money printing as no less than 3 fedheads were out yesterday yapping about more aggressive easing being needed. That would suggest that the helicopters will be out in full this morning as…
Leave no doubt that there is a coordinated effort around the globe to juice markets again. The fed all but telegraphed more money printing as no less than 3 fedheads were out yesterday yapping about more aggressive easing is needed. That would suggest that the helicopters will be out in full this morning as Big…
Short covering on anticpation of more printing of money announced by Bernanke tomorrow…as the hedgies have been short. Short covering of the euro as the euro has had its largest short position ever. Sell the bonds to move into equities. The ECB dude says they will act…combined owth oversold conditions and wham. I expected a…
[email_link] A new chart produced by the Republican staff of the Senate Budget Committee shows that, according to Congressional Budget Office data released yesterday, debt per American is “on track to triple in a generation: Continued SOURCE: http://www.weeklystandard.com
[email_link] As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money. Nikos Lekkas, a government official, said banks had hindered his efforts to collect back taxes. Government coffers could be empty as soon as July, shortly after this month’s pivotal elections. In the worst case, Athens might…
