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  • Detroit pulls the plug and files for Chapter 9 bankruptcy after emergency manager Kevyn Orr fails to a cut a deal with creditors. The city becomes the largest in U.S. history to file for bankruptcy. A few stocks trading lower on the news: MBI -15%, RDN -0.2%, MTG -1%, F -0.7%, GM -0.7%, MUNI -0.3%, PZA -0.5%, ITM -0.3%, HYD -0.8%[View news story]
    Kevyn Orr : The Next Fed chairman.
    Jul 18 08:51 PM | 2 Likes Like |Link to Comment
  • Bulls, Bears And Zombies [View instapost]
    Bulls,Bears,and Zombies would be a great name for a Financial T.V. show.Bernanke might not drop the ball but he will juggle it a bit.Good luck on your Instablog career.It is fun to write.
    Jul 17 12:26 PM | Likes Like |Link to Comment
  • Driving Season In The Northern Hemisphere [View instapost]
    Gas Prices up 18 cents in one week for regular unleaded.
    Jul 16 11:12 PM | Likes Like |Link to Comment
  • How To Source Investment Ideas - Imitation Is The Sincerest Form Of Flattery [View instapost]
    I wish I had more time to read articles on Seeking Alpha.Time management seems to be at the top of the list for improvement.I also have a young daughter who I would like to spend more hours with.It is a tough choice most days and I do the best I can.Thanks for your articles they are at the top of my reading list every week.
    Jul 14 08:57 PM | Likes Like |Link to Comment
  • Steve Ballmer unveils Microsoft's (MSFT) reorg via company memos. Microsoft's divisions (Windows, Server & Tools, etc.) will be replaced by 4 "engineering units": Operating Systems (run by Windows Phone chief Terry Myerson), Applications & Services (run by Online Services chief Qi Lu), Cloud & Enterprise (run by Server & Tools chief Satya Nadella), and Devices & Studios (will handle all hardware/entertainment work, and be run by Windows chief Julie Larson-Green). Skype chief Tony Bates will handle business development, and CFO Amy Hood will run newly consolidated finance ops. The ostensible goal: to put an end to Microsoft's corporate turf battles, famously spoofed in this comic. (previous: I, II[View news story]
    This would have been a great time for Ballmer to put in his retirement papers.Smell the roses,that sort of thing...
    Jul 11 02:15 PM | Likes Like |Link to Comment
  • Why I Continue To Double Down On Document Security Systems [View article]
    It is quite possible that the Lexington " Investors" are not experienced enough in stock trading to make a rational choice.Lexington was a private company and hedge funds may need money to shore up their poor performance in 2013.This stock will go up fast once the " Civilians " are done with their theatrics.By next year this stock will be kissing the 12 dollar mark.You heard it here first.
    Jul 9 10:44 AM | Likes Like |Link to Comment
  • Part-Time Work Is Increasingly By Choice As U.S. Labor Market Strengthens [View article]
    Personal experience may trump the data,especially from the Bureau of Labor Statistics.They said things are better but the U-6 number rose in June to 14.3 %.Should not that number go down as well? Not quite feeling the Job Recovery getting better part of the equation.
    Jul 7 09:42 PM | Likes Like |Link to Comment
  • Why I Continue To Double Down On Document Security Systems [View article]
    Agree with your conclusion.Will continue to add to my position at these levels.Very oversold at this point.
    Jul 5 10:17 AM | Likes Like |Link to Comment
  • Polish airline LOT has canceled or postponed two Boeing (BA) 787 flights because of a "problem with the power supply" of one of carrier's Dreamliners. However, the company didn't say whether the glitch was related to the aircraft's battery, problems with which caused the a worldwide grounding of the plane for over three months. [View news story]
    Flick the switch to on.That should do it.
    Jul 5 12:22 AM | Likes Like |Link to Comment
  • Hess (HES +1%) has hired Goldman Sachs to sell its gas-station chain, WSJ reports, as the oil company looks to evolve into a pure E&P company. HES reportedly is seeking a price in the low single-digit billions for its gas stations; more than 90% of the stores are company-operated and include convenience stores. Analyst estimates of the chain's value vary widely, from $1.2B (Morningstar) to potentially $3.4B (Credit Suisse). [View news story]
    GS will turn them into REITS or some type of tax shelter.
    Jul 2 01:31 PM | Likes Like |Link to Comment
  • The U.S. government says it has tested a dozen wheat samples in an effort to resolve the mystery surrounding GMO wheat found in Oregon and calm a troubled market for U.S. wheat exports. Meanwhile, Monsanto (MON -0.2%) says the extensive testing confirms its belief that the finding of the GMO wheat is an isolated, even suspicious, incident that could not have happened via normal farming processes. [View news story]
    The evidence was planted.
    Jun 22 12:31 AM | 1 Like Like |Link to Comment
  • The Food Network, primarily owned by Scripps Interactive (SNI), dropped its popular star Paula Deen this evening after widespread media citations of a transcript of the Southern cooking maven making racist remarks. Deen is also a spokesperson for Novo Nordisk (NVO), which has publicly divorced itself from her comments but seems to be waiting to see if she can rehabilitate her image. [View news story]
    Butter futures are dropping rapidly...
    Jun 22 12:28 AM | Likes Like |Link to Comment
  • Men's Wearhouse (MW) fires George Zimmer from his position as executive chairman and says it will postpone its annual meeting as it seeks new director candidates. For those curious, Zimmer is the guy from the Men's Wearhouse commercials with the personal guarantee. MW -6.6% premarket. [View news story]
    A screw job was performed here.MW is a short from this day on.That is the way it looks...
    Jun 19 02:41 PM | Likes Like |Link to Comment
  • Money manager and Fox Business contributor Tobin Smith is dumped by the network following a report his firm accepts money from microcap companies to promote their stocks. Smith and friends just pocketed $50K from a stock endorsement for Petrosonic Energy (PSON.OB), a Bulletin Board company that has no revenues - "taking a bag of cash and luring the dumbest, poorest people into losses," Josh Brown says[View news story]
    He will end up doing you tube videos.That is the future for most as television continues it's downward spiral.
    Jun 18 09:07 PM | 2 Likes Like |Link to Comment
  • "Many Americans don't have enough money to carry them through retirement," writes Jeff Sommer in the NYT. A recent study found that around 44% of households in the baby boom and Generation X generations are likely to run short of cash in their retirement years. One (temporary?) problem is low bond yields, while another is that people are "ill equipped" to mange Individual Retirement Accounts. And then there are 401(k) and other defined-contribution plans, which have ended up as a major part of the retirement system rather than as the supplements they were supposed to be. [View news story]
    Do not retire,ever.The biggest scam ever perpetrated on society.If you are shown the door by your company,start your own business.Instead of relaxing on a beach surrounded by beautiful girls,you will be standing in line for coffee mumbling to yourself.Very few enjoy the good life in retirement except a select group here on Seeking Alpha.The rest clogging up the roads getting in the way of the small amount still working.See it every day and getting worse by the minute.
    Jun 16 05:18 PM | 3 Likes Like |Link to Comment