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plcombs

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  • "We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more."  [View news story]
    In 2000, John Kerry commented on a proposal to increase oil production in the USA when the oil industry was projecting increasing demand here and in Asia. At that time Kerry rejected the idea because it would take 10 years to bring it online..

    It would have all been in production by 2010......too bad anyone listened to him.
    Mar 10, 2012. 04:27 PM | 12 Likes Like |Link to Comment
  • Employment Report Preview [View article]
    Looking at the market today was like watching a harbor just before a storm hits...nothing was moving much, The YM and ES and NQ all looked like a Holiday Trading Day, the market was eerily quiet and virtually NO volume..oddly nearing the close I noticed Apple Puts were rising even though the underlying was still rising, this is usally what happens when selling is expected.

    The Jobs report is intresting and important, but today's stability, seemed very tenative.
    Mar 8, 2012. 11:10 PM | Likes Like |Link to Comment
  • Western intelligence agencies detected two nuclear weapons tests in North Korea during 2010; one or both of them may have been conducted for Iran, Welt Online says. The news may refute recent reports that the U.S. has no hard evidence of Iranian efforts to build a bomb.  [View news story]
    So...a Bomb test in N. Korea means it was done for Iran? If this is the case, why is, (if its true) Iran bothering to improve their own Uranium? N. Korea has plenty of it. The timing of this story is VERY suspect...the tests were done two years ago?

    I think we've seen this movie before...starting to sound like a variant on the WMD's of Iraq, which never existed..

    This new story sounds like BS...from the highest levels..
    Mar 4, 2012. 06:33 PM | 1 Like Like |Link to Comment
  • VIX - Options Volatility Sonar: Tuesday Recap [View article]
    I picked up a couple of Puts myself at the close on Apple today...it may not fall back far, but at somepoint it will a good bit. It always does..
    Feb 28, 2012. 11:25 PM | Likes Like |Link to Comment
  • Perhaps having something to do with the move in Apple (AAPL) is chatter the Nasdaq could be rebalanced to cut the stock's influence. When this occurred in April 2011, Apple sold off (before taking flight again). There's also word Amazon China has pulled the iPad2 from sale due to the Proview trademark suit.  [View news story]
    Apple makes some kind of significant adjustment a few weeks after earnings quite often, not a suprise and if you weren't expecting it, you should have been...

    Is will likely slide down another 5 to 10%..dance around and regain traction about a month befpre next earnings...and then on to new highs...
    Feb 15, 2012. 10:24 PM | Likes Like |Link to Comment
  • Apple's Stock And Its Importance In The Market - Part II [View article]
    It sure drove things South....Had to change my Tick settings...I was running out of screen with the volume..

    But honestly everyone knew it was going to happen. It seems to happen with Apple a few weeks after earnings.
    Feb 15, 2012. 10:17 PM | Likes Like |Link to Comment
  • Running Through Unilateral Greek Exit Scenarios [View article]
    Actually California's is already alot higher than Mass...in addition, Mass Ranks 37Th in overall Tax Burden Nationally and California ranks 15th...

    Mass has one Tax Rate a flat 5.2%....CAlifornia's ranges upwards from 6% over 25K and then up as high as 9%.

    CAlifornia even taxes poverty level earners 1% under $7,000...in Mass they are exempt.
    Feb 15, 2012. 09:56 PM | 1 Like Like |Link to Comment
  • Running Through Unilateral Greek Exit Scenarios [View article]
    Read the link I included...they get about the same amounts of Federal Aid as Texas...per capita..
    Feb 12, 2012. 09:03 PM | Likes Like |Link to Comment
  • Running Through Unilateral Greek Exit Scenarios [View article]
    You seem to have some kind of Axe to grind..not sure why, not one wants the Greek peoiple to suffer, why should that give anyone comfort?.

    The Greek Government and the Greek people are not innocents here, not even close. Tax Fraud in in Greece is a National Pastime, I know I've spent a lot of time there. From the flower sellers to the cabbies to the lawyers ripping off their over taxed economy is the name of the game..but then a 40% combined tax for Social Welfare is a bit much...plus Income Taxes.

    In Greece their over 560 Job Classifications which law mandates retirement before the age of 55...sorry, thats not an economy that can grow..

    Goldman Sachs didn;t go to Greece...Greece went to the markets seeking a way to decieve the EU after being told to cut their Debt and fix their budgets...Regardless, its not up to the other EU nations to tolerate it if they object ..

    Those are a few facts of the the situatiuon...simple enough.

    WHen CAlifornia reaches the level of Taxation that Greece has...see how it works out. Unti then relax...don't get so agitatted...
    Feb 12, 2012. 08:59 PM | 1 Like Like |Link to Comment
  • Running Through Unilateral Greek Exit Scenarios [View article]
    Actually Federal Aid to California and Texas are about the same Per Capita and Nebraska, FLorida etc...but alot less than NY STate..

    http://1.usa.gov/AqQ2CD

    The notiont that California is a Net outflow on revenue to the Nation is a myth.
    Feb 12, 2012. 08:18 PM | 1 Like Like |Link to Comment
  • Running Through Unilateral Greek Exit Scenarios [View article]
    Greece went to Goldmans looking for a product that would alter the appearance of debt..Blamming GOldmans in this case is like blamming wet sidewalks for causing it to rain..

    The Greek GOvernment broke the trust with the people of Greece, don;t divert the blame to another entity...Greece took a shot at deception and they got caught . Just like last year they reported to the EU they had cut Government Hiring and employees etc..and in fact they had added more people..alot more.
    Feb 12, 2012. 08:08 PM | Likes Like |Link to Comment
  • Greece's parliament is expected to tonight pass the austerity and other measures needed for the country to receive its second, EUR130B ($171B) rescue. However,  the Troika is considering whether Greece needs a further €15B. The nation apparently has until Wednesday to finalize the bailout so it can repay bonds due on March 20.  [View news story]
    If the German people say "Danka, but no Danka"...that will be it. Also, don;t forget France has some troubles looming..and the workers of France with their tendency towards all things "Lets Strike"..might balk as well if their own financial house needs assistance and Greece's problems start to limit their own options for help from the EU..
    Feb 12, 2012. 04:14 PM | 1 Like Like |Link to Comment
  • Greece's parliament is expected to tonight pass the austerity and other measures needed for the country to receive its second, EUR130B ($171B) rescue. However,  the Troika is considering whether Greece needs a further €15B. The nation apparently has until Wednesday to finalize the bailout so it can repay bonds due on March 20.  [View news story]
    They will very likely pass the bailout, Greece will burn through the money as the Politicians succumb to pressure to avoid making real cuts and try to maintain Social Systems, and the cycle will start again down the not too distant road.

    Perhaps not, but if the past is prologue as it often is, barring a real change in momentum of the Greek economy it really cannot be an outcome at variance with previous ones. The mindset of a nation formed over many decades doesn't change overnight.
    Feb 12, 2012. 03:47 PM | 2 Likes Like |Link to Comment
  • Running Through Unilateral Greek Exit Scenarios [View article]
    I understand, you are correct for States like California or New York or even France as unlikely as it is to happen.

    The difference is Greece doesn't have an economy or the prospect of one that can be worked with to refinance their problems. Until they do, I think of them as being more on a par with Haiti or Ivroy Coast. Greece has also demonstrated it's willingness to lie point blank to the EU nations about it's finances and has attempted to mislead and lie to their fellow member nation about the depths of their problems repeatedly.
    Feb 12, 2012. 02:30 PM | 1 Like Like |Link to Comment
  • LinkedIn: Beyond The Headlines [View article]
    I do a lot of short term stuff and Linkdin is near the top of my dance card for a slide..along with Apple. Both for very different reasons obviously, but they both have a high probability of a pull back...just gotta watch Daily and weekly volumes and those support/ resistance lines and the all important MA's
    Feb 12, 2012. 02:04 PM | Likes Like |Link to Comment
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