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Billy Ford

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  • The haggling to avert a fiscal cliff brings more movement, with President Obama offering to limit tax increases to those earning over $400K - up from his long-held desire of $250K but well below John Boehner's proposal of $1M. The latter's aides say the offer represents "a step in the right direction" but is too heavy on the tax revenues and too light on the spending cuts. [View news story]
    User 509088,

    Someone obviously needs to explain taxes to you. Everything you mentioned in your justification is covered under local property taxes. Those 3 homes that you mentioned all carry taxes based on assessed value paid to the local municipalities which cover the local needs of the community. BTW, most of these taxpayers fall in the AMT bracket, and will not get credit for the local taxes paid as an itemized deduction under the current AMT formula..The Taxes being discussed are FEDERAL taxes, which are a completely different ball game. This is a prime example of what is wrong with this scenario...being uneducated about the way things work.....IF you are going raise taxes to reduce the debt, then you have to have spending cuts or else spending gets outta control and we will have this discussion every few years until the govt is taking ALL our money
    Dec 18 10:34 AM | Likes Like |Link to Comment
  • Aug. Empire State Survey: Manufacturing -5.85 vs. 7 expected, 7.39 prior. New orders -5.5 vs. -2.7 prior. Prices 16.47 vs. 7.4 prior. [View news story]
    Its Bush's fault...Its Bush's fault. Obama is running out of excuses, and this economy is running aground. I guess the QE3 trade is definitely in full effect because there is clear disconnect between the market and reality
    Aug 15 09:56 AM | Likes Like |Link to Comment
  • Central banks are preparing for coordinated action to provide liquidity if needed following this weekend's Greek elections, according to G-20 sources. Markets are flying.  [View news story]
    market is very popped and then right back down. Its all BS and you know its bad when the market doesnt even buy a rumor..The big players used that pop to add to their shorts...
    Jun 14 03:24 PM | 3 Likes Like |Link to Comment
  • Stock index futures shrug off the jobless claims number, S&P 500 remaining -0.6%. At 348K, claims hit their lowest level since February 2008.  [View news story]
    Terry, your so off base it's not even worth taking your comment seriously.
    Mar 22 05:11 PM | Likes Like |Link to Comment
  • Just one out of five winners among Dow companies reporting earnings today - McDonald's (MCD -2.3%) posting another strong quarter, DD, JNJ, VZ and TRV not so much - but it's consistent with results so far this earnings season. Of the 20% of S&P firms reporting earnings so far, only 58% have exceeded analyst estimates, well below the typical 70% quarterly beat rate.  [View news story]
    but yet we are approximately 5% over the 50 SMA...makes complete sense to me
    Jan 24 03:55 PM | Likes Like |Link to Comment
  • NAHB Housing Market Index: 25, highest since June 2007, vs. 21 expected and 21 prior (revised). NAHB Chairman Bob Nielsen points to the widespread gains across components and regions. [View news story]
    The only thing the stock market is confirming is how ridiculous it is. We are simply going through a minor phase of good news, just like we have had several times since things went bust. Mark my word, it will be short lived and before long we will have to go back to reality of high unemployment, stupid amounts of debt, hidden foreclosures, etc.
    Jan 18 04:36 PM | 1 Like Like |Link to Comment
  • The S&P 500 jumped 1.8% in the first five trading days of the year, so legend tells us 2012 will be a positive year for stocks. The market has never fallen in a year when the first five days added 1.8% or more, and most of those gains were strong - if any real conclusions can be made from an event that's happened only 17 times in history.  [View news story]
    Last year the market jumped in the first couple of weeks too, then what happened? Down a few tenths for the year. Im sure you can find all kind of historical trends, but my money is on the fact that this will be a rough year for stocks. Europe isnt even close to coming to a head yet and the events transpiring after will be some for the record books
    Jan 9 05:51 PM | 1 Like Like |Link to Comment
  • The S&P 500 has probed the 1225-1230 range during the past four sessions, but has so far failed to break through at the close. That gives Dennis Gartman a sense that “an important interim top” has evolved, making the market appear vulnerable. Watch for a break below 1195, which would be very damaging, he says.  [View news story]
    Im thinking a drop below is the more realistic given the HUGE run that we have had. The market seems to be running out of gas, and not enough volume at these 1225-1230 levels. A drop down to 1170-1180 is what I see, and then who knows from there..A possible bounce off the 20sma and 50sma, or hang on tight. It just hard for me to be medium and long term bullish on the market right now given the current state and no end in sight
    Oct 20 10:32 AM | Likes Like |Link to Comment
  • NAHB Housing Market Index: 18 vs. 15 expected, 14 prior. The boost in builder confidence is "a good sign that some pockets of recovery are starting to emerge," NAHB Chief Economist David Crowe says, but "while some builders have shifted their assessment of market conditions from poor to fair, relatively few have shifted their assessments from fair to good."  [View news story]
    "Some pockets of recovery are starting to emerge." Really?? We have been hearing the same rhetoric for over 2 years now with nothing being consistent. So rates went lower, and a few people went and signed a contract to build a house. Big deal, there will be pockets of this all of the time, but its the mass amount of homes that are sitting in foreclosure, or waiting to be foreclosed on that is the issue. I cant believe the market actually reversed off of this news.
    Oct 18 10:43 AM | Likes Like |Link to Comment
  • Buy LinkedIn Ahead of Earnings Report [View article]
    if you say LNKD could go to $150, or $50, then why are you not recommending to straddle it?
    Aug 4 10:05 AM | Likes Like |Link to Comment
  • More ammo for those believing Netflix's (NFLX) price hike will backfire: reader polls at Business Insider and Geekwire respectively have 41% and 35% of subscribers planning to cancel. Some of this anger may die down; and with Netflix's shares still up 2.7%, the market isn't bothered. But there is clearly a groundswell of frustration with Netflix's move.  [View news story]
    I CX'd my subscription as well. Not because of the price hike, but because I was getting annoyed with their selection of movies and the lack of "new" releases. They were hitting my credit card every month, and everytime I saw the charge I thought about how many movies I had actually watched the prior month. Unfortunately, I was watching 0-1 movies through Netflix, but several per month through RedBox. If renting and watching movies was a business, my cost per movie through Netflix doesnt make sense. I personally believe netflix did well early on due to the uniqueness of how they operated, and because BlockBusters were closing everywhere, but I think people will begin to look at other options
    Jul 13 02:52 PM | 1 Like Like |Link to Comment
  • How great has this week's equity rally been? Up 5% already this week, should the S&P close up more than 0.75% today (as it's on track to do), it will be just the 8th time in its history the index has jumped more than that amount for 5 consecutive days.  [View news story]
    Fears that don't exist such as the fact that countries are going bankrupt. Yea, it's just one big conspiracy theory.
    Jul 1 12:06 PM | 3 Likes Like |Link to Comment
  • June ISM Manufacturing Index: 55.3 vs. 51.8 consensus and 53.5 prior. Prices index 68 vs. 76.5 prior. Employment 59.9 vs. 58.2. Inventories 54.1 vs. 48.7. New orders 51.6 vs. 51.  [View news story]
    You two need to get a room...
    Jul 1 10:52 AM | Likes Like |Link to Comment
  • Advance Q4 GDP: +3.2% vs. +3.5% expected, +2.6% prior. Chain-weighted price index +0.3% vs. +1.5% expected, +2.1% prior.  [View news story]
    In my opinion, the American consumer gets bored with "penny pinching". Everyone obviously had a frugal mindset the last several holiday seasons, paying down debt, saving, etc which opened up a little credit for this past season. Retail showed signs of improvement, but I would venture to guess their will be a hangover this first quarter. We are still not on a path of a sustained recovery..We will continue to teeter totter until the labor market improves drastically.
    Jan 28 10:06 AM | 2 Likes Like |Link to Comment
  • Home Depot (HD): Q3 EPS of $0.51 beats by $0.03. Revenue of $16.6B (+1.4%) in-line. (PR)  [View news story]
    Shop at Lowes. Instead of remaining neutral, HD has chosen to openly support homosexuality and the promotion of this lifestyle around children.
    Nov 16 07:35 AM | Likes Like |Link to Comment