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Joe Morgan

Joe Morgan
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  • The EFSF denies a published report that it purchased its own bonds at last week's auction in order to meet the goal of €3B in sales. A quick check shows just before the auction closed, the EFSF had 2.5B in bids, but sold the entire €3B allotment by the time the books shut.  [View news story]
    I agree, Eurozone recession just started this quarter. But I think the numbers coming this week would be positive. 4Q numbers are the turning point.
    Nov 13 09:08 PM | 1 Like Like |Link to Comment
  • "Not since Napoleon will a leader have served a more pointless 100 days," writes the FT's Lex column of Greek PM Papademos. With elections set for Feb. 19, his purpose is to preside over the passage of austerity reforms demanded by the EU/IMF, but then what? Already in depression-like conditions, the economy is set to deteriorate even more, likely overwhelming any attempt at reducing the budget deficit.  [View news story]
    Obama is the worst president in the history of the US. He is responsible for the economic crisis. The marxists democrats are incapable of accepting this because they don't have a brain. It has been proven that democrats want the US to be a slave of China.

    US would continue to collapse as long as the marxists and radicals remain in power. We need to learn about the Greece mistakes, and layoff at minimum 3M state government jobs.
    Nov 13 04:43 PM | 3 Likes Like |Link to Comment
  • Tyler Cowen says traditional conservative responses to wealth inequality - a stronger work ethic and embrace of the entrepreneurial spirit - are growing tired: "Modern conservative thought is relying increasingly on social engineering through economic policy, by hoping that a weaker social welfare state will somehow promote individual responsibility. Maybe it won't."  [View news story]
    Obama created this crisis. He should man up and take responsibilities. Obama and the marxists democrats goal is to destroy the middle class, so we can all be slaves of China. This project started with Carter.
    Nov 13 06:22 AM | 1 Like Like |Link to Comment
  • Tyler Cowen says traditional conservative responses to wealth inequality - a stronger work ethic and embrace of the entrepreneurial spirit - are growing tired: "Modern conservative thought is relying increasingly on social engineering through economic policy, by hoping that a weaker social welfare state will somehow promote individual responsibility. Maybe it won't."  [View news story]
    Wall Street is good. Don't be jealous, Marxist.....
    Nov 12 09:29 PM | 3 Likes Like |Link to Comment
  • Active stockpicking has come in for a bit of a bad rap (and no less so with high-profile misses by managers like Bill Miller), but Donald Yacktman is still beating odds - Morningstar looked at him for "manager of the decade" - and his outperforming portfolio now is loaded up on techs like Microsoft (MSFT) and Cisco Systems (CSCO) to go along with standbys like Coke (KO), Pepsico (PEP) and Johnson & Johnson (JNJ): “I can’t remember a time when so many quality companies were selling at low prices compared to alternatives."  [View news story]
    "Being long the overall stock market has recently been a hedge for loose policy that may not fix systemic problems"....

    The S&P 500 YTD performance doesn't agree with that....YTD return below rate of inflation....

    Certain stocks have been good picks, but the overall market has been a garbage, just like 3 years ago, 5 years ago and ten years go... The S&P 500 is at the levels of 10years ago....so much for that bet....

    I like CRR,PPO,ULTA,COG,AREX.... have been my top selections in the last two years. But, I took profits yesterday on all these positions. And would sell all my holdings before the year ends.
    Nov 12 07:26 PM | Likes Like |Link to Comment
  • Tyler Cowen says traditional conservative responses to wealth inequality - a stronger work ethic and embrace of the entrepreneurial spirit - are growing tired: "Modern conservative thought is relying increasingly on social engineering through economic policy, by hoping that a weaker social welfare state will somehow promote individual responsibility. Maybe it won't."  [View news story]
    Obama keeps making things worse.....he wants Americans to be dependent on the welfare state to buy votes. Omama wants the middle class to be slaves of debt. A debt that already is around 100% of GDP.....
    Nov 12 07:17 PM | 5 Likes Like |Link to Comment
  • The problem with the Occupy protests is that they're not hurting big banks and the 1%; instead, they're killing small business owners who are part of the 99%. "The bodegas, coffee shops, food trucks, restaurants... they’re simply trying to earn a living and are seeing a significant portion of their customer base being blocked from entering their premises."  [View news story]
    Me too, I love watching how the police tears them out like the useless people they are....
    Nov 12 02:32 PM | 1 Like Like |Link to Comment
  • The problem with the Occupy protests is that they're not hurting big banks and the 1%; instead, they're killing small business owners who are part of the 99%. "The bodegas, coffee shops, food trucks, restaurants... they’re simply trying to earn a living and are seeing a significant portion of their customer base being blocked from entering their premises."  [View news story]
    These groups are a bunch of terrorists who want to intimidate people....they want to destroy capitalism because their dreams of being a freeloader or parasite of the productive class is ending. Life isn't easy, work hard you slackers....
    Nov 12 06:25 AM | 5 Likes Like |Link to Comment
  • The State Department's decision to delay - likely until after the 2012 election - TransCanada's (TRP) Keystone oil pipeline to study an alternative route sparks praise and condemnation: A victory for "people from all walks of life against dirty tar sands," vs. "more than 20,000 new American jobs have just been sacrificed in the name of political expediency."  [View news story]
    Thanks...
    Nov 11 06:36 PM | Likes Like |Link to Comment
  • The State Department's decision to delay - likely until after the 2012 election - TransCanada's (TRP) Keystone oil pipeline to study an alternative route sparks praise and condemnation: A victory for "people from all walks of life against dirty tar sands," vs. "more than 20,000 new American jobs have just been sacrificed in the name of political expediency."  [View news story]
    Truffelpig, i'm going to ask you something: how do you see the Governor of PR, do you think he has high chances of being reelected? Looking to invest more money in PR.....
    Nov 10 09:18 PM | Likes Like |Link to Comment
  • The State Department's decision to delay - likely until after the 2012 election - TransCanada's (TRP) Keystone oil pipeline to study an alternative route sparks praise and condemnation: A victory for "people from all walks of life against dirty tar sands," vs. "more than 20,000 new American jobs have just been sacrificed in the name of political expediency."  [View news story]
    Obama is pandering to his base, all it is political strategy. Obama has been seen as weak by the hard left wing of the party; because of compromising with republicans in various important issues.


    What a shame, this pipeline project would have created a lot of high wage jobs.
    Nov 10 09:00 PM | 2 Likes Like |Link to Comment
  • The State Department's decision to delay - likely until after the 2012 election - TransCanada's (TRP) Keystone oil pipeline to study an alternative route sparks praise and condemnation: A victory for "people from all walks of life against dirty tar sands," vs. "more than 20,000 new American jobs have just been sacrificed in the name of political expediency."  [View news story]
    Terry craves attention.....and a good way of doing it is posting inane and foolish statements....
    Nov 10 08:45 PM | 1 Like Like |Link to Comment
  • The day's trading comes to a merciful end for Green Mountain Coffee (GMCR -39%), and some analysts find the stock's crash inexplicable. Roth Capital's Anton Brenner calls the market’s reaction “ridiculous": Changes in some retailer inventory levels can be traced to K-Cup price increases; "if so, this implies absolutely nothing regarding future sales trends."  [View news story]
    Two words: channel stuffing.....
    Nov 10 06:55 PM | 1 Like Like |Link to Comment
  • Democrats criticize a Republican plan to cut the U.S. deficit by overhauling the tax code as a sop to the wealthy, after the proposal had appeared to signal a new willingness to at least consider revenue increases. "They’ve got to put real revenue on the table," says Sen. John Kerry, who wants more than $1T. It's looking like the super-committee may be the real turkey this Thanksgiving.  [View news story]
    I agree with David. I am willing to pay for Cancer research, for real disabilities in which the person isn't able to work, or move at all, and much more like that.....

    But I am not willing to pay for deadbeats who enjoy the fruits of the productive class....
    Nov 9 08:18 PM | Likes Like |Link to Comment
  • Washington Post's Ezra Klein writes the EU problem boils down to Italy being too big to fail and too big to save after no one was prepared for the nation to leapfrog Portugal and Ireland to become the next debt crisis. It leads to the troubling question of what to do about Greece if the dominoes are really starting to fall: "The problem is that if Italy can’t be saved, there’s no real point in saving Greece. Greece knows it and France and Germany know it."  [View news story]
    What a mess is Europe. Not surprising at all with a bunch of socialists running it....

    "
    Nov 9 01:49 PM | 2 Likes Like |Link to Comment
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