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LATEST INSTABLOGS POSTS

  • Health Reform: The Honeymoon is Over
    All you have to do is look at Massachusetts to realize that we just may be screwed. In 2006, Mitt Romney touted a state-wide health reform plan to residents of the seventh smallest state in the nation. That plan is now law and espouses many of the mandates and legislations that can be... More »
    Jul. 30, 2010 UNH, WLP, AET
  • Where Do We Go From Here?
    Commerce Department. The second quarter Gross Domestic Product reported was 2.4%. This is sharply lower from the revised first quarter number of 3.7%. Economists had expected the second quarter number to be 2.5%. Therefore, today's number was not a big surprise. What does this all mean for the... More »
    Jul. 30, 2010
  • Survival 101
    On my regular blog I clicked on the name of commenter 'Gunnery' below the Gold - The battle is already won post.  His website comes up when you click his name and is a sort of A-Z in survival.  It looks pretty comprehensive.   Now, I know a lot of 'proper' financial types,... More »
    Jul. 30, 2010 GLD, GDX, GDXJ
  • StreetOne Technical Analysis, LLC Market Summary-07/30/2010
     by David ChojnackiA little roller coaster action, with the Market being up 1%, down 1%, and then coming back to close with a small loss.  At the close, the DJIA was off 30 points, the S&P500 lost 4.6 points, and the Nasdaq100 was down 12 points.  Breadth was negative 1.2 to 1... More »
    Jul. 30, 2010
  • Jake Towne Calls on Charlie Dent to Repeal Health Care Tax
    Independent congressional candidate Jake Towne issued this statement today: “During his sorry 20-year political career, Charlie Debt has repeatedly supported unconstitutional legislation that has created raging, out-of-control deficits. He also supports vast expansions of federal control... More »
    Jul. 30, 2010
  • Caution on Flir Systems - FLIR
    The Barchart Van Meerten New High portfolio looks pretty solid right now with one exception - Flir Systems (FLIR). Here are my cautions:Barchart 40% short term technical sell signalTrend Spotter (tm) is still buy but weakeningClosed last night at 29.64 below the 20 day moving average but above... More »
    Jul. 30, 2010 FLIR
  • Forex: Back with a Bullet in Post-GFC Markets
    While the effects of the credit crisis were felt most immediately by mortgage and corporate borrowers, currency trading volume also shrank last year as a result of an overall liquidity shortfall. But currency volume is now on the move again, and it’s actually benefiting from some of the... More »
    Jul. 30, 2010 FOREX
  • Hung by a Loophole
    A capital gains tax loophole involving stock options, closed by the Internal Revenue Service four years ago, is coming back to haunt wealthy executives who are being ordered to pay tens of millions of dollars in back taxes.The tactic, called a Prepaid Variable Forward Contract (PVFC),... More »
    Jul. 30, 2010
  • Major Indexes Testing 50 & 200dMA Crossover, 1 Position
    07/30   @ 8:30amOn Thursday, stocks see-sawed through the session and ending closing lower. A technical negative for technicians is that volume rose confirming institutional selling. Major indexes have been finding difficulty in penetrating overhead resistance levels. Major... More »
    Jul. 30, 2010 LVS, BIDU, BUCY
  • U.S. Dollar Bull Index (UUP) pulls back to major support - July 30, 2010
    After a moderate gap up on the open, stocks quickly reversed and sold off sharply through the morning session. By noon, most major averages were down 2% or more from the intraday high on a significant pick up in volume. Though the morning breakdown was quite convincing, stocks stabilized and... More »
    Jul. 30, 2010 UUP, THD, ECH