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Tuesday, December 22, 2009

The Market On Tuesday

At 8:00 a.m. futures are moderately up.

The revised GDP numbers come out this morning and existing homes sales for November also comes out today.

If either or both of these things is tempting and delicious, the market will continue its surge to 10,500. Its still hard to believe. Its time to fatten up.

One of the biggest drivers right now is too big to fail insurance companies. These companies and their investors know that they have hit the welfare cash cow.

Don't mail your tax check to D.C., mail it directly to Hartford, any company will do. That's a joke and unfortunately in more ways than one.

CNN: Stocks ready to rise at open
Before the opening bell, the Commerce Department releases its final revision of third-quarter gross domestic product, the broadest measure of economic activity.

Shortly after the market opens, the National Association of Realtors will release a report on existing home sales for November.
Reuters: Stock futures tick up ahead of GDP, home sales data
Existing home sales are expected to post their third straight monthly increase in November, a sign that the troubled housing market could be stabilizing.

3 comments:

Glynn Kalara said...

The Corps. have now decided to just rip us off up front. Send us your check and don't be late or our pals @ the IRS will be notified. LOL., and the Gopers were so worried about the Public Option. No way the Gov't doesn't want to bother its easier to just pt. a gun at us now like were the Taliban. This is how our Gov't now acts when it says its helping us out. It appears that without trying to hard the Dems. have already pissed away their mandate with this ill considered Corp. enriching nightmare of a bill. All those people that think this is getting them coverage are going to be really surprised when they realize up ahead that the subsidizes they were promised dry up, or never happen. That won't matter to the Ins. company though they'll still demand you pay and pay and pay an ever increasing bill because their are absolutely no cost controls on the fiasco! This is Change we can Believe in? You gotta hand it to the Dems. thinking they can sell this joke as expanding coverage! The chutzpah is down right BV$H like. All their doing is making NOT having Health Ins. Private health Ins. illegal in America. This isn't extending coverage folks its Forcing by law all of us to carry it or else.

Jim Sande said...

If we all get thrown in jail for not getting health care then what - do we get health care in jail?

Glynn Kalara said...

Yes, ironically u do because its the law.