With just an hour to spare, congressional leaders avert a federal shutdown with a budget deal to slash $39B in the remaining six months of the fiscal year. A bridge resolution will keep the government open next week while the paperwork is finished, and the agreement drops contentious riders that would have denied funding to Planned Parenthood and the EPA. [View news story]
The original $61 billion cut demanded by Republicans was still a joke compared to the $1560 billion deficit.
Unless entitlements and defense are being touched, every attempt to balance the budget is nothing but a laughable joke.
The House's package of spending cuts would "undermine and damage our capacity to create jobs and expand the economy," warns Geithner, who refused to comment on whether the government could face a shutdown over a budget impasse. [View news story]
Deep cuts in R&D, more money for coal & oil companies, and no cuts in entitlement spending? These guys are nuts!
Why Take Risks When Blue Chips Are on Sale? [View article]
Mega caps such as XOM and MSFT require lots of money to move. Right now hedgies are all chasing growth, and retirees are all chasing yields and safety, thus we have emerging markets, mid caps, and bonds outperforming.
How long can this situation last? The Carter years could be a nice case study...
What Buffett told the FCIC: Don't single out the rating agencies. What Charlie Gasparino wishes Buffett had said: "[They're] basically worthless. The big raters have missed every market implosion dating at least as far back as the New York City financial crisis in the mid-1970s... There's no reason to have rating agencies, and given the weight of his words, that could be the final nail in the coffin of this scam of a business." [View news story]
Buffett said during the testimony that he doesn't use rating agencies.
Could the Volcker Rule Really Cause a Crash? [View article]
From 1937 until 1984, when they finally did away with much of the bank regulations, bank failures and financial crisis were hardly heard of.
After 1984, we are having almost persistent blowups: the crash of 1987, the S&L debacle of 1989, the East Asian crisis of 1997, the LTCM of 1998, and now the mother of all blowups.
If today's mutual fund flow data is any indicator, the markets may just be headed into a brick wall. The most recent numbers show that after years of running from equities, the retail crowd is coming back in a big way. Mom-and-pop money is flowing into equities at a pace not seen at least four years, and sentiment surveys and volatility measures show almost no fear in the market. As we have seen before, such periods have often preceded a downturn. [View news story]
This is total BS. The 2000 top came after decades of ever increasing money inflow from retail investors. Even the 2007 top had seen 5 years of retail inflow.
We finally see one month of retail inflow and some morons already freak out!
The Surface RT Is An Innovative Trojan - Microsoft Moves In Adjacent Markets [View article]
It seems you are living in a an alternate universe.
Surface sales has been a disaster, regardless how MS shills like you try to spin it.
Windows 8 is en par to become Vista 2.0, and the major difference is that there are lots of alternatives to Windows this time.
Microsoft's only two money makers, Windows and Office, will no longer be able to gouge $100 and $200 from customers. The question remains whether Microsoft will cut theirs margins to ribbons on its own or will let Google do it.
With just an hour to spare, congressional leaders avert a federal shutdown with a budget deal to slash $39B in the remaining six months of the fiscal year. A bridge resolution will keep the government open next week while the paperwork is finished, and the agreement drops contentious riders that would have denied funding to Planned Parenthood and the EPA. [View news story]
Unless entitlements and defense are being touched, every attempt to balance the budget is nothing but a laughable joke.
The House's package of spending cuts would "undermine and damage our capacity to create jobs and expand the economy," warns Geithner, who refused to comment on whether the government could face a shutdown over a budget impasse. [View news story]
9 Stocks to Hold Forever [View article]
Cisco was a great company in 2000, but stock holders didn't do nearly that great since then.
Same story for the Nifty Fifty in 1972.
Why Take Risks When Blue Chips Are on Sale? [View article]
How long can this situation last? The Carter years could be a nice case study...
What Buffett told the FCIC: Don't single out the rating agencies. What Charlie Gasparino wishes Buffett had said: "[They're] basically worthless. The big raters have missed every market implosion dating at least as far back as the New York City financial crisis in the mid-1970s... There's no reason to have rating agencies, and given the weight of his words, that could be the final nail in the coffin of this scam of a business." [View news story]
That's a fairly obvious statement.
Greece's Austerity Measures Are Facing a Massive Fight [View article]
If there is going to be pain, it must be spread equally and justly across the board, and perpetrators of the crisis must bear the brunt of it.
Senator Shelby: We Don't Need No Stinkin' Volcker Rules [View article]
6 Reasons to Believe in a Market Recovery [View article]
"Forget $100 a Barrel - Oil Will Plummet to $30 on Aug 15, 2008 "
"The Bubble of Uncertainty Is About to Burst on Mar 06, 2009 "
"7 Rules For Investing During the Fourth Quarter on Oct 03, 2008 "
Although Mr Schwarz called to buy AAPL all the way down, he is more than vindicated by now.
Could the Volcker Rule Really Cause a Crash? [View article]
After 1984, we are having almost persistent blowups: the crash of 1987, the S&L debacle of 1989, the East Asian crisis of 1997, the LTCM of 1998, and now the mother of all blowups.
If today's mutual fund flow data is any indicator, the markets may just be headed into a brick wall. The most recent numbers show that after years of running from equities, the retail crowd is coming back in a big way. Mom-and-pop money is flowing into equities at a pace not seen at least four years, and sentiment surveys and volatility measures show almost no fear in the market. As we have seen before, such periods have often preceded a downturn. [View news story]
We finally see one month of retail inflow and some morons already freak out!
Microsoft Seems Ripe For Continued Pain [View article]
But on its current trajectory, Microsoft is headed for a major train wreck.
The Surface RT Is An Innovative Trojan - Microsoft Moves In Adjacent Markets [View article]
Surface sales has been a disaster, regardless how MS shills like you try to spin it.
Windows 8 is en par to become Vista 2.0, and the major difference is that there are lots of alternatives to Windows this time.
Microsoft's only two money makers, Windows and Office, will no longer be able to gouge $100 and $200 from customers. The question remains whether Microsoft will cut theirs margins to ribbons on its own or will let Google do it.
Apple Harvesting [View article]
Morons like you should get a perspective.
The U.S. Economy Sitting On The Threshold Of A New Golden Age, Part 1 [View article]
Apple's War Chest: Rethinking the Theory That Cash Is a Burden [View article]