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J 457

J 457
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  • The debt-ceiling deal passes the House, 269-161. The plan is a two-stage raise of the debt ceiling by $2.4T while cutting spending by about $2.7 trillion over 10 years. The Senate may begin debate tonight but is likely to vote on the deal tomorrow. (MW) Updated: The Senate will vote at noon tomorrow.  [View news story]
    "But at least we can get on with our lives and not worry about anything for a few months."

    See no evil, hear no evil, speak no evil....

    You fit right in with 95% of the USA population. Yea, don't worry at all, all is well.
    Aug 1, 2011. 07:40 PM | 8 Likes Like |Link to Comment
  • The debt ceiling deal (I, II): "First big step toward fiscal rectitude" by the U.S. government, or a "blank check" paving the way for ever higher levels of federal spending?  [View news story]
    And honestly, how many of you actually took time today to call or write your Congressman and Senators and voice your opinions?

    I wrote to all three of mine, as I regularly do. At least I can tell my kids I voiced my disapproval directly to the lawmakers.
    Aug 1, 2011. 07:35 PM | 2 Likes Like |Link to Comment
  • With five minutes left in the House's debt-deal vote, there aren't enough GOP members remaining to pass the deal without votes from Democrats - who have been sitting out the early part of the vote to see how Republicans weigh in. Voting continues until 7:05 p.m. EDT.  [View news story]
    And with a simple pen stroke, millions of USA children just lost their futures.
    Aug 1, 2011. 07:31 PM | 1 Like Like |Link to Comment
  • July ISM Manufacturing Index: 50.9 vs. 54 consensus and 55.3 prior. Prices index 59 vs. 68. Employment 53.5 vs. 59.9. Inventories 49.3 vs. 54.1. New orders 49.2 vs. 51.6.  [View news story]
    Will do. The selling has just started. Wait until funds are forced to sell this month as investors turn to money markets. The risk-off trade will be here until 2012.
    Aug 1, 2011. 10:51 AM | 1 Like Like |Link to Comment
  • July ISM Manufacturing Index: 50.9 vs. 54 consensus and 55.3 prior. Prices index 59 vs. 68. Employment 53.5 vs. 59.9. Inventories 49.3 vs. 54.1. New orders 49.2 vs. 51.6.  [View news story]
    Just plain ugly.

    The politicians are about to drive another nail into the USA coffin with their debt bill, and the economy is again contracting. How we are only off 40 points is beyond me. The market should be down 200-300 points today alone.
    Aug 1, 2011. 10:24 AM | Likes Like |Link to Comment
  • Stock index futures are sharply higher - S&P 500 +1.3% - as a deal to raise the debt limit appears within reach. The greenback is solidly higher against the safety currencies - the yen and the swissie - but lower vs. the risk currencies - the aussie and the loonie. Treasury yields are marginally higher.  [View news story]
    Buy into this at your own peril.

    So we raise the debt limit and can pay the bills for a short while longer.

    Have the fundamentals changed?

    Be in cash or short by mid week, this won't hold past Tuesday.
    Jul 31, 2011. 09:08 PM | 3 Likes Like |Link to Comment
  • In a press briefing at the White House, President Obama says an agreement on debt limit legislation is a done deal. All that's left are votes in the House and Senate. S&P 500 futures remain about 1.3% higher.  [View news story]
    The American people don't view this as a success, but rather another failure by the politicians to properly balance the budget and debt. Maybe next time they will actually show up at the polls and speak with their votes. But probably not, most are too busy texting and tweeting about Casy Anthony crap.

    The harsh reality is;
    1) This plan puts us further into debt
    2) The unemployment rate is still 9.2%
    3) GDP is at recession levels
    4) State budgets will be decimated with the forthcoming cuts
    5) Big oil and Wall St still retain complete control
    6) 10 years to shave off less than 10% of the debt. That's nothing close to where it needs to be.
    7) We're in big trouble here folks......
    8) Stocks will rally for a few days, but don't be fooled as the reality and severity of our situation will ultimately cometh right quickly. Maybe as early as Aug 5 BLS unemployment report.
    Jul 31, 2011. 09:04 PM | 10 Likes Like |Link to Comment
  • If a debt deal comes in the next three days, you'll probably be tempted to join a relief rally in equities. Don't buy it, says James Saft: Weakness in areas like housing and consumer spending isn't going anywhere, and the trend toward U.S. austerity likely won't change until "after the beginning of the recession it will help to cause."  [View news story]
    Jul 30, 2011. 06:33 PM | Likes Like |Link to Comment
  • The Senate votes to table the Boehner debt plan 59-41.  [View news story]
    These politicians will never reach a consensus to pass anything to better the American people. And further, the current plan they have is, once again, garbage. It shaves merely pennies off the debt.

    RAISE TAXES on everyone- everyone. Repeal Bush tax cuts (obviously the argument they "create" jobs has failed) and close the corporate off-shore loopholes.

    CUT GOVT SPENDING on everything. Pull out of Iraq/afgan TODAY! I want to see all these DEMS and REPS take the same pay cut as they are proposing to SS/Medi-Care. Further, I want these jokers change their retirement package to ame as SS/Medi-Care just like everyone else.

    CREATE AN ENERGY PLAN. I can't believe we allow the investment bankers to speculate in oil and drive up the price, and we spend 400 billion a year to foreign countries for their and big oil profits. Gee, why do we have a 600 billion a year trade deficit, and why do we indirectly fund the same terrorists (with oil $$) that we spend billions trying to stop- I wonder (SARCASM)! Goldman is now stashing aluminum in warehouses- what the hell! Mandate CFTC limit oil future contracts to any non-oil using business. Switch to Nat Gas as bridge fuel. Increase domestic production after the fracking solution mystery ingredients are known and regulated.

    Its this simple folks. Tell your politicians.
    Monday is going to be a doozy!
    Jul 29, 2011. 09:53 PM | 9 Likes Like |Link to Comment
  • Starbucks (SBUX +4%), Peet's Coffee (PEET +2.7%), and Dunkin' Brands (DNKN +3.4%) are joining Coffee Holding Co. (JVA +22.1%) in trading higher due to Green Mountain's (GMCR +19%) blowout Q3 and strong guidance. Four analysts are lifting their targets on Green Mountain to the $120-$125 range, as a short squeeze helps fuel today's rise. (PR) (transcript)  [View news story]
    The coffee bubble is going to end badly. JVA up 22%- give me a break....
    Jul 28, 2011. 05:01 PM | Likes Like |Link to Comment
  • Starbucks (SBUX): FQ3 EPS of $0.36 beats by $0.02. Revenue of $2.9B (+12% Y/Y) in-line. Comparable-store sales rose 8%. Sees fiscal 2012 growth of 15%-20%. Shares +0.3% AH. (PR)  [View news story]
    SBUX has a great quarter, but more importantly, you see them on every street corner and people like their product.

    Whereas in comparison, you see GMCR inflated like a balloon at $105 and have to wonder why anyone would even think of buying or holding that stock, at that price, knowing SBUX is priced at $40.

    Either SBUX is under-priced, or GMCR is getting ready for a slaughter. I would pick SBUX.
    Jul 28, 2011. 04:59 PM | Likes Like |Link to Comment
  • More on Green Mountain Coffee (GMCR): FQ4 guidance of 100-105% revenue growth and non-GAAP EPS of $0.44-$0.48 above consensus of 88% growth and $0.43 EPS. FY12 guidance of 60-65% revenue growth and $2.55-$2.65 non-GAAP EPS above consensus of 41% growth and $2.15 EPS. GMCR +18% AH. (FQ3 results) (PR)  [View news story]
    Check the accounting....
    Jul 27, 2011. 08:02 PM | 1 Like Like |Link to Comment
  • Stocks tumble as House Speaker Boehner says a debt agreement is "not close." Dow -75, gold rises past $1,600/oz. Negotiations would continue, as Boehner says, "It's going to be a hot weekend in Washington, D.C."  [View news story]
    Fire Obama. Fire Boehner.

    Replace with men that have the courage to make tough choices, not for lobbyist, not for Wall St, not for big oil, not for corporations, but for the American people and future generations.

    Sorry to say, only solutions is;

    Raise taxes on everyone.
    Cut all govt services.
    Cut all govt salaries.
    Restructure 5.7 trillion debt owed to US FED.
    Create all-inclusive energy plan and reduce oil imports (and foreign deficit trade imbalance)
    Further regulate commodities to reduce speculation.
    Jul 22, 2011. 06:45 PM | 3 Likes Like |Link to Comment
  • Ron Paul to fellow House members, as they prepare to vote on the "Cut, Cap and Balance" bill: "What we really need is a constitutional amendment to limit taxes and spending, not simply to balance the budget. What we need is a dramatically smaller federal government. If we achieve this, a balanced budget will take care of itself."  [View news story]
    Raise taxes on everyone. Repeal Bush tax cuts.
    Close corp tax loopholes (flaws in tax code).
    Significantly reduce govt spending in all categories.
    Strengthen the dollar and create energy plan.
    Quit kidding yourselves, there are no other viable solution to pay back the debt and balance budget..
    Jul 19, 2011. 08:58 PM | 5 Likes Like |Link to Comment
  • Cisco (CSCO) announces across-the-board layoffs of 6,500 employees, representing 9% of its regular full-time workforce. The cuts include a 15% reduction at the VP level and above, plus an additional 2,100 employees who elected to participate in a voluntary early retirement program. Shares -0.1% AH.  [View news story]
    Take half that 38 billion and give it to the shareholders.

    6,500 jobs could impact tens of thousand of employees at second tier companies doing business with CSCO.

    Glad I abandoned this ship at $19.
    Jul 18, 2011. 05:16 PM | 1 Like Like |Link to Comment