Futures flat after being up decently earlier. Germany and a few other countries said go screw to having European bonds…and knowing they would be on the hook when others defaulted…so Europe fell back. Trading probably light today but nothing to do anyhow. Without a follow through do, I am doing nothing more than to wait…
While the market is being defended, there is still a clear lack of ability to move things higher. In fact, they killed the clouds today…and the nasdaq lagged. It took a news-induced late day move to get the market where it closed. You have my lst of favorites…but I am not buying until market confirms…
Just in case, my favorite names are EXPE,SWI,MNST,TRIP,EQIX,EAT,CRUS,BBBY,SHW and most housing names. Other names are WFM,TSCO,MLNX,FIRE,GNC,CERN,EBAY,PII. Market had a good reversal…volume was heavier on the nasdaq but blah everywhere else. I actually hope we eo dot get a follow through day as I would like bases to be longer…but if one occurs, we will look…
[email_link] This is only the beginning of this administration’s misallocation of our capital. Despite a growing backlash from his fellow Democrats, President Obama has doubled down on his attacks on Mitt Romney’s tenure at Bain Capital. But the strategy could backfire in ways Obama did not anticipate. After all, if Romney’s record in private equity is fair…
[email_link] Bill Clinton just out-Clinton’d himself — posing with two famous porn stars in Monaco moments ago … and one of them’s a real up-and-comer. Clinton’s in a Monte Carlo casino right now for a special “Nights in Monaco” gala event — and several celebrities are in attendance … including Diane Kruger, Joshua Jackson… and a BUNCH OF…
[email_link] The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis finds. Under those accounting practices, the government ran red ink last year equal to $42,054 per household — nearly…
[email_link] Commodities continue to get smoked…some downright crashing! Really calls into question economies here and abroad. Chart courtesy of StockCharts.com Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of…
[email_link] As you read about the statement Joe Biden made to a group of supporters in New Hampshire, think about this: Who has been running the show for almost 4 years? Who had unfettered power for 2 years? Who has been blasting almost every corner of business for almost 4 years? Who has spent almost…
[email _link] And knowing what goes on, wouldn’t doubt his thoughts! Read this: Back on March 21, Goldman’s Peter Oppenheimer released the “Long Good Buy, The Case For Equities”, which was Goldman’s subversive attempt to rally equity into buying all the stocks that Goldman had to offload, as well as buy all TSYs that GS…
[email_link] Vote one way when you are service…go the other way when you become a lobbyist. Of course, make things up that things have changed. Just disgusting to watch. And yes…this is a Republican that was in a leadership position. Read this: Former Senate Majority Leader Trent Lott told The Daily Caller on Monday that he…
