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  • Wall Street Breakfast: Investors Await A Flood Of U.S. Data [View article]
    The only difference between WalMart and all the other companies that do business in Brazil is WalMart is on the Dems target list. This administration goes after them for everything they can think of because of their anti union stance.

    Just thinking, if I had a company seeking a nice government contract, I'd hire a firm that knows the ins and outs of D.C., and they'd hire that ex Congresscritter lobbyist, and they'd spread my money to the campaign funds and charitable organization that would get the job done. Is this so much different than Brazil, or Mexico, or China?
    Nov 25, 2015. 09:18 AM | 11 Likes Like |Link to Comment
  • Wall Street Breakfast: Investors Await A Flood Of U.S. Data [View article]
    INdded. With her 'let's do something, even if it's wrong' management style, that MM gal has been tossing the dice and losing for some time now. The Alibaba stake gives them the financial strength to survive her, which is why I think a spin off is yet another mistake for the company. Maybe not for the shareholders if they then sell the yahoo.
    [Note, I've been short yhoo calls since about 6 months after she took over.]

    F16 1, SU24 0. A boost for LMT?

    Meanwhile, market looks to open higher, has good upside potential, but expect it to be yanked around by news.

    [This post got the SA warning. Who did I insult this time? MM? I didn't even spell out her name! the Russian aircraft industry? I'm so un PC, I'll never get the hang of it...]
    Nov 25, 2015. 09:00 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Here Comes The GDP Revision [View article]
    [This originally was a rely to a Obamacare and VW comment, but it disappeared before I could hit 'send']

    First step is to repeal the obviously economy killing ACA.

    RE VW: Seems the blame fixing game is complicated by a lack of retired engineers who have died and had something to do with the emissions software. Employees practice finger pointing with cries of 'I know nothing!' daily.

    I see that Republicans want to end inversions by lowering the corporate tax rate to something competitive with the rest of the world. The Dems take their usual approach to problems; pass a law against it and raise taxes to cover any shortfall in revenues. Not likely anything will be done.

    Meanwhile, market looks to open a half point or so lower. NOt buying this dip, as it could go significantly lower depending on how much saber rattling Putin is up to.

    [Saber rattling: an oft used term implying threats used and understood by a population who has never actually heard a saber rattle.]
    Nov 24, 2015. 09:31 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Pfizer, Allergan To Form World's Largest Drugmaker [View article]
    chudzikb, politicians are ALWAYS thinking about the consequences of their actions! It's just that their priorities are different from ours. They don't care about the economy. If they did they wouldn't be embracing all these socialistic policies that have been proven to fail time after time. They only care about their political health.

    I see in the aftermath of the Paris bombings, Belgium is hurting their own economy far more than any suicide bomber could.

    I see the market is opening nearly unchanged. Bias is down, odds favor a negative close, maybe a half point or so.
    Nov 23, 2015. 09:38 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Pfizer, Allergan To Form World's Largest Drugmaker [View article]
    Did PFE over pay for AGN? By conventional analysis, yes. Just shows how desperate big US companies are to get out the highest tax environment. Bottom line, tax revenues will fall, and keep falling for as long as the US keeps putting off tax reform.
    The US could easily fix the problem, but has refused to do so for years now. It's such a no brainer, many companies have been hanging on, waiting for the fix. I dare say there will be a flood of companies leaving now after the Treasury put up more road blocks, getting out now while they still can. Meanwhile, new companies prefer to incorporate overseas, and big existing companies do their expansions in their overseas subsidiaries, even though they have to keep their profits overseas to avoid US taxes.

    And politicians wonder why the recovery is so sluggish, and the middle class is being pinched. Actually, being intelligent guys, I think they do know. They just don't care, or are afraid of the 'friend of big business' label the press will put on them if they champion a fix.
    Nov 23, 2015. 09:09 AM | 24 Likes Like |Link to Comment
  • Wall Street Breakfast: U.S. To Hike, Eurozone To Ease? [View article]
    Yes, DC, lots of interesting news today...

    Draghi declares war on 'low inflation'... as if that was a bad thing! In nice round numbers, ideally inflation should be zero! Zero is a nice round number. Of course, governments hopelessly in debt need to inflate their way out of it, but on the other hand, as long as inflation is zero it doesn't cost them much to pay the interest on that huge debt. See Japan for extreme example.

    So Draghi says negative interest rates are the ticket. What would you do if your bank told you to start paying them? I'd say get a pile of cash ready, I'll be over today. And rent another safe deposit box. Oh wait, Uncle Sam has decreed you can't store currency in a safe deposit box. The idea that people have money somewhere they don't know about gives him hives. So until I get a big safe installed, guess I'll have to pay the bank. Or maybe move it to another country that will pay me interest. Bottom line, is it not logical to see cash drained from the EU? Now, tell me how that will promote inflation? Hmm, it will drive the Euro down...

    Anyone know where Mali is? Hostages? That implies demands. Somehow I don't think this s a hostage - demand situation. More likely they are sorting out the foreigners, deciding who to kill and who to let go.

    Treasury making it difficult for would be tax refugees. If you had a promising start up, where would you put your company? High tax and regulation US? I didn't think so. And the US keeps asking 'Where did all those middle class jobs go?'

    Meanwhile, stock looking to open higher. Look for a close within a half point of that, even if it is option expiration.

    [Tony had good summary of the news I was originally replying to , but it disappeared by the time I hit the reply button]
    Nov 20, 2015. 09:21 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Square, Match Group Ready For Market Debut [View article]
    Yup, that's how the game is played. The talking heads and their writers aren't business school grads. Most are journalist majors, with such majors as English and social studies and the like thrown in.

    So, when the market makes a move, they go to the news ticker, and whatever shows up gets the credit for the move. If the headlines are about the interest rate debate, well, that's what must have moved the market.... either way.
    Nov 19, 2015. 09:27 AM | 11 Likes Like |Link to Comment
  • Wall Street Breakfast: Square, Match Group Ready For Market Debut [View article]
    Looks like everybody here has finally gotten on board about zero interest rates. Yellen is taking a hammering from nearly all knowledgeable economists pointing out the problems it is causing. I've been on her case since she was appointed, but it takes time for mainstream economists to screw up their courage.

    IF she raises rates she will do it very reluctantly, and only if she feels backed into a corner or faces a Fed revolt. She is a big Obama fan, has said his administration needs to be supported by zero rates. Let the next administration deal with paying real interest on our impossibly high debt. But a quarter point isn't much, quiets her critics, so we might see it. I'd put the chances at 40%.

    Most likely she'll find an excuse not to raise rates. Europe is weak and easing, we don't want to undermine them. If we raise rates, money will flow from Europe to here. Besides, if we raise rates, the dollar will rise, hurting exports. Yeah, that's the ticket!

    Looks like an up day today, but I'd be careful with it. It has been on the emotional side lately.
    Nov 19, 2015. 09:20 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: World Equities Lower As French Police Raid Terrorist Hideout [View article]
    brainleft asks 'why are we bringing them here?' Importing Syrians [mostly young males] has been described as national suicide. Obviously not in our best interests, or even the Syrians. So why are we doing it? Politics, coupled with a President who has an affinity toward Muslims.

    If you want to help war weary Syrians, keep them nearby their homes so they can go back when things settle down. Uprooting them, moving them to the other side of the world where they don't speak the language and have no idea how things work here isn't doing them a favor. Much better to keep them where they speak the language and the culture is pretty much the same.

    YOu bring them here and they will never think our culture is anything but disgusting. The best you get is 'hey, I'm safe here, standard of living is good, I like the food stamps... Guess I'll just put up with the decadent infidels.'

    Meanwhile, futures look to open close to unchanged, whoops, now a bit higher, but I'd bet the downside. Don't trust rallies.
    Nov 18, 2015. 09:19 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Markets Shrug Off Paris Attacks [View article]
    Gotta wonder about ISIS, a little, stateless criminal organization, taking on all the major western powers. What's the end game? They seem to be good at bankrupting us... for every $1 they spend we spend thousands in this conflict. Now France and other EU countries are blowing their budgets, using this attack as an excuse to do what politicians are born to do: spend money. One wonders how much oil weakened Russia can afford to spend on this effort.

    Never ones to let a crisis go to waste, the French pols are trying to re write the Constitution and grab more power from the people. Free people take another hit. The idea that people ought to be able to have private conversations is out the window.

    Meanwhile, futures say market opens up a quarter point. It could go significantly higher, even after yesterday's big rise, though at some point consolidation would be in order.
    Nov 17, 2015. 09:15 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Marriott, Starwood Announce Mega Hotel Merger [View article]
    * Newton said, "For every action there is a reaction". For every reaction, there is an action and there will be no end in actions/reactions. It seems like a Kung Fu movie to me with endless revenges. If there is one terrorist among a thousand of Syrian refugees, we will not have world peace.*

    Tony, it's called Karma. Can an organization that thinks creating mass suffering is a useful tool to get what they want [domination] have much of a future? Suffering French now indiscriminately bomb a ISIS held town, creating more suffering. And the cycle continues. This is going to be a long war.
    Nov 16, 2015. 09:48 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: S&P Turns Negative For 2015 [View article]
    Re China margin increase. Oh oh. Look for a hard down market when it opens. With all the tinkering, pretty obvious the Chinese powers that be haven't got the hang of this free market thingie.

    Meanwhile, our market looks like a slightly lower open. So far seems to be a carbon copy of yesterday. More downside likely, limited upside prospects.
    Nov 13, 2015. 09:11 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: S&P Turns Negative For 2015 [View article]
    The beer lobby made it so brewers can put anything they want in their beer and they don't have to tell you what's in it! Bud used to have a long ingredient list starting with rice, but no more. Even if they claim to tell you, you have to take their word for it, and they are probably leaving something off the list. Did you know Guiness puts fish bladders in their beer? Omega 3's, baby!

    Germany has purity laws. Only barley, hops, yeast. Mexico has the same law! But be careful... with the big guys now owning major Mexican brands, they could be putting the Mexican name on beer brewed elsewhere.
    Nov 13, 2015. 09:04 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: World Shares Look For Clarity [View article]
    I see we are talking about Greece again. Nothing new, the Communists getting people into the streets, making the people poorer, fomenting unrest, protesting spending cuts and taxes. I'll grant them a point on taxes... the Greeks are probably taxed plenty, assuming they are paying them. But spending cuts are what the country needs. For revenue they ought to be privatizing their considerable state owned businesses.

    And then there is more interest rate speculation. I'll say in again, no interest rate rise. This time Yellen is under considerable pressure from just about any knowledgeable economist to raise rates, pointing out zero rates have gone on far too long. Come December, Yellen will say we can't undercut Europe's monetary expansion, we need to support their easing, what happens in Europe effects us, etc.

    My hat is off to Jack Ma, what a guy! He creates 'Singles Day', the whole purpose of which is to spend money. It's like another Christmas for retailers! We should clone a few more Jack Ma's and see what they come up with.

    Market looking to open a bit lower, wouldn't be surprised to see further decline today. Upside limited.
    Nov 12, 2015. 08:56 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: AB InBev, SABMiller Seal MegaBrew Deal [View article]
    The U.S. is not exactly the home of the free anymore. The rest of the world regards our phobia of online gambling with amusement. I personally know many who have moved to Canada, Mexico, England to name the most popular places, just so they can continue to play poker online. Intrade, the online binary futures site, dropped all U.S. accounts. Ex pats now are giving up US citizenship just so they can maintain a bank account where they live. Who was that billionaire who was forced to ditch his US citizenship and moved to Singapore [where I will be next month] so he could do business world wide?

    Speaking of over reaching governments, the Brits are fed up with the EU, which, predictably, has been assuming more and more sovereignty. Will the EU declare 'the Union must be preserved!' and go to war? Absurd, yes, but then so was Lincoln's argument.

    Meanwhile, market looks to open up, may very well go higher . Downside limited.
    Nov 11, 2015. 09:10 AM | 8 Likes Like |Link to Comment