Greeting from Paris. A 4th day follow through day for the S&P induced by more funny money saving the day in Europe…for the 15th…or maybe the 17th time. I would rather the market do this on a “no news’ day but you take what you get. I am not thrilled by all the…
DOW futures up almost 200 as I write this. Very simply put: MARKETS ALL BUT IMPOSSIBLE BECA– USE OF THIS CONSTANT MANIPULATION AND INTERFERENCE. Yesterday, they were crumbling…after a late reversal…they pop up almost 2% today. My advice…wait this thing out. I certainly would do know buying on this gap. Technically, disregarding all news, support…
Greetings from Olympia Greece…now heading back to Venice to board a flight to Paris. They did it again yesterday…came out with rumor in last hour…to save the day…but as I write this, futures are up huge as EUROPE IS SAVED FOR THE 400TH TIME. I will not go into the news because nothing has…
[email_link] Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will close its doors and file for bankruptcy because its panels were too expensive to compete with Chinese products, according to the U.S. Energy Department. Abound, based in Loveland, Colorado, borrowed about $70 million against the guarantee, the…
[email_link] He is still on his European vacation. If this is now declared a tax by the Supreme Court, we now have an unlimited taxing authority…not just through front door taxes but through back door taxes. Getting past the constitutionality, I have much bigger issues. This is simply taking trillions of dollars more out of…
Yesterday very suspicious. Whenever market has a big day, I look at growth leaders first and from yesterday: CMG croaks…lowered numbers and a lawsuit but doesn’t matter to me why. The leading discount retailers look like they have topped…therefore, sell any small position you have in DLTR…which also did 2 for 1 split….
Greetings from Mykonos…another beautiful Greek Island. Just got back to the ship as it is 7 hours later here. Not much to add. These summer months the past few years have not been very thrilling…especially the past two and now this. I am amazed at looking at the eem,efa,fxi,ewz,xme,kol,slx,oih,xop,xle versus the leading names I…
[email_link] Running ads for more votes by giving away…someone once said we are screwed when this happens. It is happening. I tried to win “most witty’ in high school by giving out chocolate bars. I still came in second. NEW YORK (CNNMoney) — More than one in seven Americans are on food stamps, but the…
[email_link] I’d pay more…just not to you. Notice Obama says ‘WE” created a whole lot of millionaires. No sir…hard working Americans turned themselves into millionaires. You didn’t do anything for anybody. At a campaign event last night in Boston, President Obama criticized “Romney and his Republican allies” for refusing to raise taxes on the rich,…
[email_link] Department of Energy officials gave a New Hampshire-based biofuel company access to $80 million for a Michigan project that has already fallen short of job creation expectations, despite receiving another $40 million in state and DOE subsidies. “In September 2008, Mascoma [Corp.] pledged 70 jobs at the plant by the end of 2012. On…
