[email_link] In the Overtime segment of his show last night, Bill Maher argued that America would be wise to drop the whole notion of “American exceptionalism.” In the past, Maher has criticized politicians like Mitt Romney (who wrote a book literally called No Apologies) for their constant praise of the United States without any acknowledgement of its perceived faults, and…
I really like today’s action today. While commodities are being sold off, retail,semis getting good bid. Financials turning green as well as transports. In the midst of thinking these lower commodity prices going to maybe help market. Also, I love how my leaders list is acting. Everything either holding support/moving averages or some things setting…
[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…
