Today Obama releases a plan for keeping insurance rates in check. A merger between Schlumberger and Smith International has investors abuzz with the sound of an improving economic environment.
At the moment things look perky however the question is what unknown factor will sway investors off the path. This is not clear and although that's an understatement, we need to recognize that the indexes are close to their highest levels since super lows of March '09. In other words is that ceiling something that merits raising. Although there is positive economic news, the drag on it is still severe.
CNN: Stocks set for early gains
The latest survey from the National Association of Business Economics showed that leading economists believe the U.S. recovery will remain firmly on track.Reuters: Stock futures edge up amid M&A; earnings awaited
Five former Treasury secretaries urged Congress on Sunday to bar banks that receive federal support from engaging in speculative activity unrelated to basic bank services.
2 comments:
The Ins. rate hikes were audacious. This is how Corp. America responds to perceived weakness! Obama still fails to appreciate the level of thuggery and arrogance among the elite these days.
They are indeed. They own Obama and want us all to know about it. Its really a middle finger waved casually at the rest of us. Hope and Change not while he's shining our shoes folks is what they're signaling. Poor pathetic Barack he sold his soul to be Pres.and so he is for all its worth. I'm sure after his i term he'll have a nice cozy job waiting for him as the spokesman for Big Pharma or Aetna etc.
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