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  • "The worst mistake Pres. Obama made" was not getting out front to embrace the 2010 Simpson-Bowles deficit reduction proposal, Alan Greenspan says. Mark Gongloff reacts: "Remind me again why Alan Greenspan is still giving speeches to anybody other than pigeons in the park?" (video)   [View news story]
    Greenspan was doing a video resume for future employment at CNBC.
    May 1, 2012. 09:35 PM | Likes Like |Link to Comment
  • After years of luring workers with the promise of lucrative pensions, state governments are now scrambling to revamp public pension policies in the face of massive budget crunches. Since 2009, 43 states have increased contribution requirements or changed the age when a retiree can get benefits, and the moves are now triggering a spate a legal and political battles over whether states are reneging on their promises to millions of public-sector workers.   [View news story]
    The march to trumped-up charges leads to ways in which states can void the pension altogether.This is why an employee walks on eggshells during his career to protect the " Retirement Plan ".One slip-up can wipe out the portfolio with limited chances to recover the money.Promises for future payments hinge on a faceless entity who rules on amounts.The timing of the exit must be well thought out with a Plan B carefully researched.
    May 1, 2012. 09:26 PM | Likes Like |Link to Comment
  • Are you seeing this where you live? WSJ says stunned home buyers are finding that bidding wars are back. Unlike the big demand of the bubble years, this trend typically is driven by lower inventories of homes listed for sale, but at least a few giddy sellers are pocketing nice profits. Enjoy it while you can, housing bears say, because the market is still dismal and will remain so for a generation.   [View news story]
    Buyers are bidding up the few houses that have not fallen down or are in need of repairs.Selective reporting will make pockets of prosperity appear out of the fog of reality.
    Apr 28, 2012. 11:12 AM | 6 Likes Like |Link to Comment
  • A deli manager from a Wal-Mart (WMT +0.2%) hopes an online petition she started will lead to the resignation of the firm's Chairman and CEO - as well kickstart an external probe of the company. While the rabble-rousing may not make a difference in how the board tackles their Mexican scandal, it's more evidence that questions about the company are likely to remain on display despite its "ultra-strict ethics code."  [View news story]
    Another one who thinks they will change the world.Once the CEO resigns,then what? A plan B should include more than a script for a Reality Show.
    Apr 28, 2012. 12:09 AM | Likes Like |Link to Comment
  • The U.K. fell back into recession in Q1, with preliminary Q1 GDP -0.2% on a quarterly basis and unchanged Y/Y. Analysts had expected a 0.1% Q/Q rise. Construction output fell 3%.   [View news story]
    Unemployment numbers will decrease if everyone joins a band or becomes a soccer hooligan.
    Apr 26, 2012. 01:00 AM | Likes Like |Link to Comment
  • Wow. Blankfein: "The biggest threat to Goldman Sachs was the poor performance and bad risk management practices of our competitors." (earlier)   [View news story]
    I learned something new today.Goldman has competitors.
    Apr 25, 2012. 12:16 PM | 2 Likes Like |Link to Comment
  • Moody’s cuts Nokia's (NOK -1.9%) senior debt rating from Baa2 to Baa3 - one notch above "junk" status - and maintains its negative outlook following the handset maker's unexpected profit warning last week. Nokia responds by pointing out that with a net cash position of €4.9B, its financial position remains strong. (Moody's)   [View news story]
    So much for the downgrade,the stock is up for the day.Thanks Moody's.
    Apr 16, 2012. 11:00 PM | Likes Like |Link to Comment
  • Goldman says it's become more cautious on the economy over the near-term, noting that even a "modest" slowdown feels "more dangerous than normal." The firm cites some key factors: An end to GDP growth acceleration, earlier data strength that may have been weather-related and not based on any sustainable trend, and fiscal policy that's consolidating and monetary policy appears to have run its course.   [View news story]
    Jumping in and out of the Market based on these GS reports is what is really more dangerous than normal.The sea breeze starts to call as May rounds the Bend.
    Apr 9, 2012. 11:34 PM | 3 Likes Like |Link to Comment
  • FDA Approval Practically A Done Deal For Keryx And AEterna Zentaris  [View article]
    I learned a long time ago to take profits before the announcement.I doubt many here on SA would be classified as " suckers".A very intelligent bunch of traders and investors that I have encountered for the most part.
    Apr 9, 2012. 11:23 PM | Likes Like |Link to Comment
  • The bull market in stocks is going to run for the rest of the year, despite the market's already-outsized gains, says Byron Wien. “Over the past three months the pessimistic mood has changed to optimism,” Wien observes, and buying will continue to pick up as more equity "disbelievers" are converted, the economy improves and more companies follow Apple’s lead in paying dividends.   [View news story]
    He wants you to buy so he can sell in May and go away .
    Apr 3, 2012. 11:18 PM | 1 Like Like |Link to Comment
  • Highly Worrisome Developments Characterize This Week  [View article]
    I think so,too.Thanks for the update on the BRICS meeting on Thursday.Have not seen that info until you provided it.
    Mar 28, 2012. 12:21 PM | Likes Like |Link to Comment
  • Annaly: A 14% Dividend Yield Is Not Enough  [View article]
    You can always pick up a Bank CD to tide you over.
    Mar 27, 2012. 08:37 PM | 4 Likes Like |Link to Comment
  • Highly Worrisome Developments Characterize This Week  [View article]
    It sounds like you are saying a correction is coming.
    Mar 27, 2012. 08:30 PM | Likes Like |Link to Comment
  • The 50 Best Performing US Stocks In 2012  [View article]
    Another excellent list from BIG.There is value from these articles at all times.
    Mar 26, 2012. 11:17 PM | Likes Like |Link to Comment
  • Facebook (FB) moves to refute ownership claims made by Paul Ceglia, disclosing results of its investigation that includes forensic analysis and old emails from Mark Zuckerberg. FB says Ceglia's contract was “baked” by hanging it out to the light to make it look older; small tabs not discolored at the top of the paper show he likely hung it up with clothespins to expose it to light.   [View news story]
    They are all lining up hoping for a piece of the American Dream.All you need is an old cocktail napkin with a signature that looks like Zuckerberg's.
    Mar 26, 2012. 11:06 PM | Likes Like |Link to Comment