A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]
The 6 Walton heirs have more wealth than the bottom 43% of the rest of the US population. The majority of their income is from qualifying dividends and long term capital gains which are taxed at 10% and 15%. Now how much friggen work do they do? How many jobs are they creating? Maybe a couple hundred servants that are paid minimum wage. Oh boy.......
A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]
yours is equally as mesmerizing. you all should check what happens to the deficit when tax rates are cut......it goes up. You know what it does when taxes are raised? You're damn right it goes down. Restore the tax rates before the Bush cuts and get serious about cutting spending. WE ain't talking raising taxes....we're talking repealing tax cuts.
A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]
The Republicans don't deserve any credit other than credit for the mess we currently are in. Tax cuts have never generated enough "growth" to offset the negative effect on tax revenues. It didn't work for Reagan and it didn't work for George W. And I voted for both of them!
At the open: Dow -1.2% to 13087. S&P -1.24% to 1411. Nasdaq -1.25% to 2974. Treasurys: 30-year +1.26%. 10-yr +0.69%. 5-yr +0.39%. Commodities: Crude -2.24% to $86.72. Gold +0.54% to $1724.25. Currencies: Euro -0.43% vs. dollar. Yen -0.51%. Pound +0.15%. [View news story]
I have bought all I have money to buy and just wish I could buy more.
The Treasury market is pricing in an Obama victory, says Janney's Guy LeBas, as southward-heading yields suggest no imminent change to monetary policy. Left unexplained by LeBas is how a Romney victory would change monetary policy. Besides, many suspect the Fed runs the President, not the other way around. [View news story]
It is difficult to predict what would happen if Romney is elected. He has given so few specifics about many of his plans most notably what tax breaks will he eliminate and many of the issues he took a solid stand on in the past has seen a current weakening of that stand. Who know what he'll do. I don't think he know exactly what he is going to do either. However, my bet is that his movement towards the center will continue if he is elected! He's a "sheep" in wolves clothing.
QE Sandy? Hopefully nothing more than idle chatter to be forgotten a week from now, talk of additional Fed accommodation in response to the hurricane makes the rounds. An academic paper, however, argues natural disasters tend to bring about not just higher inflation, but faster-than-otherwise employment gains. [View news story]
Roughly 70% of those surveyed by Institutional Investorexpect higher stocks in the wake of a Romney victory, with half of those predicting a substantial rally. With an Obama victory, about three quarters expect anything from no move to a big sell-off. SPY +66% since 1/20/2009. [View news story]
Everyting I have read says, based on history, it doesn't matter which party is elected. And, history says there is a rally after the election.
"[Windows 8] was very difficult to get used to," says a user who installed a preview version. "I have an 8-year-old and a 10-year-old, and they never got used to it. They were like, 'We're just going to use Mom's computer.'" Microsoft (MSFT) needs to hope such complaints, which are echoed by some reviewers, just amount to initial discomfort with a very different UI. Meanwhile, Salesforce.com CEO Marc Benioff, in typical hyperbole, is declaring the OS "the end of Windows" (for enterprises). (also: I, II) [View news story]
Ah yes Apple the Technology Nazi......I you can't beat em in the market place ......sue em.
Google's (GOOG -8.4%) Q3 results are out early, and they missed estimates. EPS of $9.03 missed by $1.62, and revenue of $11.33B (+51% Y/Y, boosted by Motorola acquisition) missed by $530M. Shares are diving. [View news story]
dieuwer...I really have no interest in this.....but pruportedly is not a reliable source and does not cut it... As they say on TV, that's hersay and not admissable!
German unemployment grows for a fifth consecutive month, increasing by 9,000 to 2.901M vs. consensus for a rise of 8,000. The jobless rate stays unchanged at 6.8%. "The significant labor market indicators as a whole are developing increasingly weakly. Lower German economic growth is showing here," the Labor Office says. [View news story]
Silver leaps 3.5%, gold gains 1.6% and crude oil rises to just under $98 as traders try to crowd ahead of anticipated Fed stimulus. “If they keep teasing - like Pavlov’s dogs, traders keep trying to run in front of the announcement,” ICAP’s Kenneth Polcari writes. JAG +3.8%, GOLD +2.6%, AG +2%, PAAS +1.9%, EGO +1.8%, SVM +1.5%, SLW +0.6%. [View news story]
I think it has more to do with big money coming out of Europe as it appears the Europeans have finally gotten the will to shore up the problem so now there isn't any money to be made in Europe. So they speculate on oil. The price of oil began to increase about the Time Europe began to quieten down!
Q2 earnings results raise red flags for coming quarters: While 68% of companies posted earnings beats, just 41% surpassed revenue expectations - including a 70% miss rate in the materials, industrials and utilities sectors. Q3 EPS estimates now show a 1.8% Y/Y decline, which would be the first quarter of negative growth in three years. [View news story]
Sounds like Bear damage control....things are looking a little positive. The DJ and S&P are close to breaking through 4 year highs and the Bears need to get the trend line headed back down. I read a blurb that said if the vix drops below 19 on the 2nd monday of the 25th week of the year the dow will go up 1000% before the end of the year. I believe it(tic). Seriously I believe we are in a long term uptrend and I do believe it will continue at least until the end of the year ( no black swans). I also believe the Bears put out as much negative crap as they can find to dampen things. Bulls do the opposite. But, I further believe SA has a consistent Bearish leaning.
The most important factor driving oil prices higher recently has been changing assessments of how strong the world economy will perform over the next six months, James Hamilton writes. Markets seem to be betting that favorable economic trends in the U.S. and China are enough to outweigh weakness in Europe, but "whether markets have [it] right remains to be seen." [View news story]
My assessment is that Europe has quieted down so it not a good place for big Hedge funds to make money so they are moving out of shorting Europe and have moved their money into oil speculation.. Someone has the numbers on European shorts and the increase in the number of oil contracts being sold. Show me I'm wrong!
July ISM Non-Manufacturing Index: 52.6 vs. 52.0 expected and 52.1 prior (>50 denotes expansion). Prices index rose to 54.9 from 48.9. Employment fell to 49.3 from 52.3. New orders rose to 54.3 from 53.3. [View news story]
Where are the super conservatives with the negative comments....
A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]
A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]
A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]
At the open: Dow -1.2% to 13087. S&P -1.24% to 1411. Nasdaq -1.25% to 2974.
Treasurys: 30-year +1.26%. 10-yr +0.69%. 5-yr +0.39%.
Commodities: Crude -2.24% to $86.72. Gold +0.54% to $1724.25.
Currencies: Euro -0.43% vs. dollar. Yen -0.51%. Pound +0.15%. [View news story]
The Treasury market is pricing in an Obama victory, says Janney's Guy LeBas, as southward-heading yields suggest no imminent change to monetary policy. Left unexplained by LeBas is how a Romney victory would change monetary policy. Besides, many suspect the Fed runs the President, not the other way around. [View news story]
QE Sandy? Hopefully nothing more than idle chatter to be forgotten a week from now, talk of additional Fed accommodation in response to the hurricane makes the rounds. An academic paper, however, argues natural disasters tend to bring about not just higher inflation, but faster-than-otherwise employment gains. [View news story]
Roughly 70% of those surveyed by Institutional Investor expect higher stocks in the wake of a Romney victory, with half of those predicting a substantial rally. With an Obama victory, about three quarters expect anything from no move to a big sell-off. SPY +66% since 1/20/2009. [View news story]
"[Windows 8] was very difficult to get used to," says a user who installed a preview version. "I have an 8-year-old and a 10-year-old, and they never got used to it. They were like, 'We're just going to use Mom's computer.'" Microsoft (MSFT) needs to hope such complaints, which are echoed by some reviewers, just amount to initial discomfort with a very different UI. Meanwhile, Salesforce.com CEO Marc Benioff, in typical hyperbole, is declaring the OS "the end of Windows" (for enterprises). (also: I, II) [View news story]
Google's (GOOG -8.4%) Q3 results are out early, and they missed estimates. EPS of $9.03 missed by $1.62, and revenue of $11.33B (+51% Y/Y, boosted by Motorola acquisition) missed by $530M. Shares are diving. [View news story]
German unemployment grows for a fifth consecutive month, increasing by 9,000 to 2.901M vs. consensus for a rise of 8,000. The jobless rate stays unchanged at 6.8%. "The significant labor market indicators as a whole are developing increasingly weakly. Lower German economic growth is showing here," the Labor Office says. [View news story]
Silver leaps 3.5%, gold gains 1.6% and crude oil rises to just under $98 as traders try to crowd ahead of anticipated Fed stimulus. “If they keep teasing - like Pavlov’s dogs, traders keep trying to run in front of the announcement,” ICAP’s Kenneth Polcari writes. JAG +3.8%, GOLD +2.6%, AG +2%, PAAS +1.9%, EGO +1.8%, SVM +1.5%, SLW +0.6%. [View news story]
Time Europe began to quieten down!
Q2 earnings results raise red flags for coming quarters: While 68% of companies posted earnings beats, just 41% surpassed revenue expectations - including a 70% miss rate in the materials, industrials and utilities sectors. Q3 EPS estimates now show a 1.8% Y/Y decline, which would be the first quarter of negative growth in three years. [View news story]
The most important factor driving oil prices higher recently has been changing assessments of how strong the world economy will perform over the next six months, James Hamilton writes. Markets seem to be betting that favorable economic trends in the U.S. and China are enough to outweigh weakness in Europe, but "whether markets have [it] right remains to be seen." [View news story]
If Stimulus Works, How Come We Need More Of It? [View article]
July ISM Non-Manufacturing Index: 52.6 vs. 52.0 expected and 52.1 prior (>50 denotes expansion). Prices index rose to 54.9 from 48.9. Employment fell to 49.3 from 52.3. New orders rose to 54.3 from 53.3. [View news story]