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Terry330

Terry330
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  • Crisis on. S&P 500 futures -1% and the euro -1.2% as Brussels "faced with a drowning member state, instead of throwing the Cypriot people a lifebuoy, (throws) a millstone around its neck." EU leaders risk triggering bank runs in Cyprus (and elsewhere?) by going after bank depositors to fund the country's bank bailout. [View news story]
    Short sell-off for a few days until President Obama calms the markets and they shoot up.
    Mar 17 10:15 PM | 1 Like Like |Link to Comment
  • "This is a nuclear war on savings and wealth," writes Jefferies' David Zervos of the Cyprus bailout. "This is a policy move you expect from a dictatorial regime ... not in an EU member state. If the EU governments can clandestinely expropriate 7-10% of their (citizens' savings) after the close of business on Friday night, what else are they capable of doing ... Why keep your money at a Spanish or Italian bank when you can jump to Germany or France ... Why even keep money in the EU banking system at all." [View news story]
    One more reason to invest in US, look at huge returns under President Obama.
    Mar 17 10:14 PM | 2 Likes Like |Link to Comment
  • Why America's 20-something's aren't destined to be poor, but its 30-somethings might be: "Today’s 30-somethings are climbing out of a deep enough hole that they may never become as wealthy as the boomers unless home values rebound dramatically, and even then, many will only be getting back to even," The Atlantic's Jordan Weissmann writes. (also[View news story]
    30 something had to go through the W Bush recession.
    Mar 16 09:19 AM | 3 Likes Like |Link to Comment
  • If history is a guide, the markets may be due for a pullback, according to S&P Capital's Sam Stovall. Since World War II, Stovall says the median advance once the S&P hits its previous high after recovering from a bear market has been just 3%. But despite the ominous warning, there still may be some places to ride it all out. JPMorgan's chief U.S. equities strategist Tom Lee recently came up with 15 stocks that outperformed the S&P 500 in eight of the last 11 pullbacks since 2009: CAG, IBM, DIS, GPC, MMM, FISV, PAYX, PPG, SYY, SIAL, UNP, UTX, PX, L, and XRAY[View news story]
    The current US President is one in 100 million in leading the recovery after the Bush recession.
    Mar 16 06:44 AM | 1 Like Like |Link to Comment
  • Despite the big beat on jobs today, what the numbers actually show is that that the economy actually shed 276K full-time jobs, says MarketWatch's Mike Shedlock. According to the household survey, the economy added a healthy 170K jobs, but the survey also shows a tremendous increase of 446K part-time jobs.  Gallup's survey yesterday notes "Although fewer people are unemployed now than a year ago, they are not migrating to full-time jobs. In fact, fewer Americans are working full-time for an employer than were doing so a year ago." [View news story]
    Many of the energy jobs pay 28.00 hour, so a 35 hour week is still good pay for a place like Texas, even Houston.
    Mar 11 07:11 AM | Likes Like |Link to Comment
  • States aren't waiting around for new federal gun legislation as they take matters into their own hands. The latest: A new South Dakota law will allow teachers to carry guns in schools and Georgia approved a measure which will remove a ban on firearms in college classrooms and churches. About 25 other states have similar bills pending. Meanwhile, gun sellers Sturm Ruger (RGR -1.2%) and Smith & Wesson (SWHC -1.2%) continue to try to keep with robust demand[View news story]
    Full employment for laywers, and funeral directors.
    Mar 9 10:28 AM | 1 Like Like |Link to Comment
  • States aren't waiting around for new federal gun legislation as they take matters into their own hands. The latest: A new South Dakota law will allow teachers to carry guns in schools and Georgia approved a measure which will remove a ban on firearms in college classrooms and churches. About 25 other states have similar bills pending. Meanwhile, gun sellers Sturm Ruger (RGR -1.2%) and Smith & Wesson (SWHC -1.2%) continue to try to keep with robust demand[View news story]
    No, the NRA.
    Mar 9 10:28 AM | Likes Like |Link to Comment
  • With the White House having given its support to legalizing the unlocking of cell phones, Sen. Ron Wyden has introduced a bill that would do just that. Passage of the bill could lead to a bump in churn for U.S. carriers, as consumers are no longer required to buy a new phone (and, should they want a subsidy, agree to a contract) to switch carriers. However, some phones only work on a particular carrier's network due to band compatibility issues, and carriers could start requesting more such devices in an effort to keep customers from leaving. [View news story]
    President is always looking out for 95% of Americans.
    Mar 6 01:18 PM | 1 Like Like |Link to Comment
  • On the hour: Dow +0.25%. 10-yr -0.15%. Euro -0.41% vs. dollar. Crude -1.2% to $89.73. Gold +0.43% to $1581.6. [View news story]
    GDX made multi-year lows today and bounched 3%.
    Mar 6 12:05 PM | Likes Like |Link to Comment
  • The U.S. has catapulted past Saudi Arabia as the world's biggest fuel producer, according to the EIA, as abundant production from shale oil fields has pushed U.S. crude oil output to a 20-year high. But Saudi Aramco CEO Khalid al-Falih maintains U.S. customers will continue to need Saudi crude "for a long, long time." [View news story]
    Conservatives told us 4-5 years ago when gasoline was $4.00 gallon the US just had to drill-drill-drill for more oil and this one step would lower the price to $2.00. I must call Sara Palin and ask her if the Tea Party plan has worked and cut gasoline in half now there is record drilling in US.
    Mar 6 04:15 AM | Likes Like |Link to Comment
  • Venezuelan President Hugo Chavez has died, according to the country's VP Nicolas Maduro. [View news story]
    Chavez has the cheapest gasoline in the world, and he helped millions of his people move to middle-class.
    Mar 6 04:12 AM | 1 Like Like |Link to Comment
  • More on Smith & Wesson (SWHC): FQ3 beats across the board as demand for guns continues to soar. Net profit more than tripled on a 39% surge in sales. The company says its plant has operated at full capacity for the last four quarters, yet still, the gun maker couldn't meet demand across all its firearm product lines. For the current quarter, it expects to earn $0.38 to $0.40 a share on sales of $165M to $170M, above analysts estimates of $0.30 on revenue of $155M, and also raised its FY outlook to $1.17 to $1.19 on sales of $575M to $580M. Despite the solid quarter, investors are taking some profit, as the stock is -2.7% AH. [View news story]
    My gun of choice is Glock in 357 Sig. Never licked any S&W.
    Mar 6 04:07 AM | Likes Like |Link to Comment
  • The U.S. has catapulted past Saudi Arabia as the world's biggest fuel producer, according to the EIA, as abundant production from shale oil fields has pushed U.S. crude oil output to a 20-year high. But Saudi Aramco CEO Khalid al-Falih maintains U.S. customers will continue to need Saudi crude "for a long, long time." [View news story]
    And what President then was very close to Saudi family?
    Mar 6 04:06 AM | Likes Like |Link to Comment
  • CNBC Contributor Carol Roth cites the U.S. Army's decision to award a $77M contract to upgrade the M4 rifle to a Belgian-based company as an example of how unions are hurting the workers they're meant to protect. FN Herstal will manufacture the gun in the right-to-work state of South Carolina, having been able to underbid Colt and Remington, both of which would have made the rifle in non-right-to-work states. [View news story]
    After WW II the tax rate on wealthy was 91%, on wealth not paid to workers, and union membership was at record high.
    Mar 3 09:41 AM | 11 Likes Like |Link to Comment
  • If you've been on the sidelines during the market's recent run, don't worry, there's more upside to come, says Goldman's Abbie Joseph Cohen. This rally's real, and the fundamentals are there to support it Cohen says. She pegs fair value for the S&P 500 at 1,575 — a 4% premium to yesterday's close. "There are other models, including the Fed model, that show fair value as high as 1,700 or 1,750." [View news story]
    US has had debt for over 100 years, largest increase was under Reagan,Bush,Obama, but President Obama is wisely spending less on a worlds police force to cut 10's billions each month. W. Bush policies extended years after he left office, and record military spending.
    Mar 1 09:21 PM | 14 Likes Like |Link to Comment
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