Thursday, October 31, 2013
Halloween
We're all set, got the pumpkins carved and lit, candy is by the front door, the dog is under control, unfortunately the weather is a little raw. Usually we have a ton of left over candy, we buy more than we need because we are overly worried someone will come by and the bowl might be empty.
DOW Lower At Noon
In the noon hour the DOW is at 15,608.01 down 10.75 points.
CNN: Are investors joining rally too late?
CNN: Are investors joining rally too late?
The Market On Thursday
Good morning. As I am running very late today I'm skipping the small talk.
At 8:50 a.m. ET futures are flat and the price of oil per barrel is down. The market is poised to open lower.
I get the sense that two major things are affecting mood this morning. The first is the Fed announcement on continued quantitative easing which did not do the trick for investors. Second is the lack of detail on how the shutdown has affected the US economy. Add it up and we are flat and headed nowhere in the a.m. Also there is a sense that job growth in October was nowhere and that is no wonder considering the GOTea shut it all down.
CNN: Stocks fall after Fed update
At 8:50 a.m. ET futures are flat and the price of oil per barrel is down. The market is poised to open lower.
I get the sense that two major things are affecting mood this morning. The first is the Fed announcement on continued quantitative easing which did not do the trick for investors. Second is the lack of detail on how the shutdown has affected the US economy. Add it up and we are flat and headed nowhere in the a.m. Also there is a sense that job growth in October was nowhere and that is no wonder considering the GOTea shut it all down.
CNN: Stocks fall after Fed update
But some investors had hoped the Fed would adopt a more dovish tone in its statement.
There were also expectations that the central bank would be more explicit as to the impact of the recent government shutdown on economic growth.
Wednesday, October 30, 2013
DOW Closes Lower
The DOW closed at 15,618.76 dropping 61.59 points.
Although quantitative easing will continue it appears that the Fed will taper it, and some are suggesting that will occur in December. This leads to today's closing drop.
CNN: Federal Reserve prolongs stimulus
Although quantitative easing will continue it appears that the Fed will taper it, and some are suggesting that will occur in December. This leads to today's closing drop.
CNN: Federal Reserve prolongs stimulus
DOW Lower At Noon
In the noon hour the DOW is at 15,664.10 down 16.25 points.
CNN: Bull getting tired? Stocks flat ahead of Fed
CNN: Bull getting tired? Stocks flat ahead of Fed
The Market On Wednesday
Good morning. It is 35 degrees and lightly raining here in Upstate NY. If I could I would say it's a good day to stay in bed and read. Speaking of reading, yours truly is rereading 'The Catcher In The Rye.' Initially and through the first 150 pages I was wondering what the deal is about this book. Now that I am close to the very end, I am stunned by the book. It truly is a brilliant work. I want to write about it in detail but for the time being I would say if you've never read it, read it, and if you read it in high school, reread it now.
At 8:45 a.m. ET DOW futures are moderately higher and the price of oil per barrel is lower. The market is poised to open mostly higher but one might expect some energy stocks to be under pressure.
There's a lot going on with the DOW at record high levels, tons of corporate reports flowing through, and general economic reports as well. That's all fine but the real deal will come around 2:15 this afternoon when investors have parsed the words of the Fed after their two day meeting ends. This is all about more liquidity at ridiculously low interest rates, a combination that has propelled this long bull run.
CNN: Stocks: Perky ahead of Fed decision
At 8:45 a.m. ET DOW futures are moderately higher and the price of oil per barrel is lower. The market is poised to open mostly higher but one might expect some energy stocks to be under pressure.
There's a lot going on with the DOW at record high levels, tons of corporate reports flowing through, and general economic reports as well. That's all fine but the real deal will come around 2:15 this afternoon when investors have parsed the words of the Fed after their two day meeting ends. This is all about more liquidity at ridiculously low interest rates, a combination that has propelled this long bull run.
CNN: Stocks: Perky ahead of Fed decision
The Fed is due to release a statement at 2 p.m. ET, following a two-day policy meeting.
Tuesday, October 29, 2013
The Daily Show - Site Flub
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DOW Higher At Noon
In the noon hour the DOW is at 15,621.63 up 52.70 points.
CNN: 'Critical failures' lead to Social Security overpayments
CNN: 'Critical failures' lead to Social Security overpayments
The Market On Tuesday
Good morning. It is 27 degrees and sunny here in Upstate NY. Yes, that is freezing, it's cold out. It truly is a physical and psychological adjustment when the cold starts to roll in. Think about March when a temperature of 40 degrees will seem like a heat wave and you'll want to go out in a t-shirt because it's so warm.
At 8:40 a.m. ET futures are flat and the price of oil per barrel is slightly down. The market is poised to open in the flat to lower area.
The big news for the day is another two day meeting where the Fed will more than likely announce a continuation of quantitative easing. This is because the recovery is limping and it is limping on the liquidity from quantitative easing. Without that, where would we be? I think probably worse off. So in drastic times, there are drastic measures. Otherwise there will be a slew of economic reports today on housing and retail sales along with more third quarter corporate earnings reports. Hard to say, it could get messy, or something compelling could come along.
CNN: Stocks steady ahead of Fed meeting
At 8:40 a.m. ET futures are flat and the price of oil per barrel is slightly down. The market is poised to open in the flat to lower area.
The big news for the day is another two day meeting where the Fed will more than likely announce a continuation of quantitative easing. This is because the recovery is limping and it is limping on the liquidity from quantitative easing. Without that, where would we be? I think probably worse off. So in drastic times, there are drastic measures. Otherwise there will be a slew of economic reports today on housing and retail sales along with more third quarter corporate earnings reports. Hard to say, it could get messy, or something compelling could come along.
CNN: Stocks steady ahead of Fed meeting
...the Federal Reserve began its two-day meeting...
Monday, October 28, 2013
DOW Closes Lower
The DOW closed at 15,568.93 dropping 1.35 points.
Reuters: U.S. factory, housing data suggest economy losing steam
Reuters: U.S. factory, housing data suggest economy losing steam
The Market On Monday
Good morning. It is 30 degrees and cloudy yet sunny here in Upstate NY. I hope your weekend was swell. I'm rereading 'A Cather In The Rye' and trying out the language of the era described in the book. We are sad to see Lou Reed pass away. His songs are etched into our psyche. I'm not any kind of rock historian but it does strike me that the lyrical content of his songs drove through the massive underbelly of America as also assumed by a writer like William Burroughs. You know what I mean so I won't go into the descriptions. What also strikes me more than anything else is why that angle needed to be highlighted during that period of the late 60s and early 70s. What was it in our society that called for a shedding of light on the underbelly through pop music during that time. why did we want to hear that.
At 7:55 a.m. ET futures are modestly higher and the price of oil per barrel is down. The market is poised to open higher with some energy stocks under pressure.
Investors are working with the assumption that Q.E.3 will continue through the Winter and that is a thing of joy in their minds. They call it a bond buying program but it is more than that it is a liquidity infusion program and as the Fed Fund Rate is so minimal and has been minimal, this is money to play with. Just imagine if you could borrow $10million when the DOW was around 12000, invest it in equities that you knew were winners, and then look at your holdings now with the DOW around 15,500. Yes your profit would be way beyond the interest rate that you were facing. You just made out like a bandit. As I am learning, the link between the state and private banking goes way back and is a mutually beneficial arrangement. So although the particulars of quantitative easing are somewhat new, the relationship between state and private banking goes back a while, this is not new.
CNN: Stocks: Set for another all-time high?
At 7:55 a.m. ET futures are modestly higher and the price of oil per barrel is down. The market is poised to open higher with some energy stocks under pressure.
Investors are working with the assumption that Q.E.3 will continue through the Winter and that is a thing of joy in their minds. They call it a bond buying program but it is more than that it is a liquidity infusion program and as the Fed Fund Rate is so minimal and has been minimal, this is money to play with. Just imagine if you could borrow $10million when the DOW was around 12000, invest it in equities that you knew were winners, and then look at your holdings now with the DOW around 15,500. Yes your profit would be way beyond the interest rate that you were facing. You just made out like a bandit. As I am learning, the link between the state and private banking goes way back and is a mutually beneficial arrangement. So although the particulars of quantitative easing are somewhat new, the relationship between state and private banking goes back a while, this is not new.
CNN: Stocks: Set for another all-time high?
...widely expected to say it will continue buying $85 billion in bonds and mortgage-backed securities a month.
Sunday, October 27, 2013
3D
Unfortunately look for this type of weapon/problem to become more frequent.
Guardian UK: Suspected 3D-printed gun found in Manchester gang raid, say police - Officers analyse 3D printer and suspected components in what's thought to be first ever seizure of next generation weapon
Guardian UK: Suspected 3D-printed gun found in Manchester gang raid, say police - Officers analyse 3D printer and suspected components in what's thought to be first ever seizure of next generation weapon
Fed Policy
Reuters: Fed to hold its fire this week, wants clearer economic view
...as they wait for more evidence of how badly Washington's budget battle has hurt the U.S. economy.
Saturday, October 26, 2013
Money
Chartalism and Metallism are two very important theories with factual components about money. This has to do with where money gets its intrinsic value. Think about the definitions and how they might come through today from the point of view of one faction of the political scene that emphasizes austerity and a reduction in the role of government and the other faction which allows for credit, expansion, and a beneficial role to government.
Chartalism - the state's authority creates value of money.
Metallism - the value of the money is in the money itself - think gold, think non state.
Definition of 'Chartalism' - A non-mainstream theory of money that emphasizes the impact of government policies and activities on the value of money. The early-20th-century German economist Georg Friedrich Knapp first developed the theory of chartalism, which defines money as a unit of account with value that is determined by what the government will accept as payment for tax obligations. In other words, chartalism states that money does not have intrinsic value, but is given value by the government.Recapping and in brief:
In metallist economic theory, the value of the currency derives from the market value of the commodity upon which it is based independent of its monetary role. Karl Menger theorized money came about when buyers and sellers in a market agreed on a common commodity as a medium of exchange in order to reduce the costs of barter. The intrinsic value of that commodity must be sufficient to make it highly “saleable”, or readily accepted as payment. In this system buyers and sellers of real goods and services establish the medium of exchange, not a sovereign state. Metallists view the state's role in the minting or official stamping of coins as one of authenticating the quality and quantity of metal used in making the coin. Knapp distinguished metallism from chartalism (or antimetallism), a monetary system in which the state has monopoly power over its own currency and creates a unique market and demand for that currency by imposing taxes or other such legally enforceable debts upon its people which can only be paid in that currency.
Chartalism - the state's authority creates value of money.
Metallism - the value of the money is in the money itself - think gold, think non state.
Global Warming - Columbia's MA Program
It costs roughly $80 thousand for three semesters.
Columbia University: Master of Arts Program in Climate and Society
Columbia University: Master of Arts Program in Climate and Society
Friday, October 25, 2013
The Daily Show - Everybody Hates U.S.
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DOW Higher At Noon
In the noon hour the DOW is at 15,545.43 up 36.22 points.
Disgraceful.
CNN: Cut to food stamps coming next Friday
Disgraceful.
CNN: Cut to food stamps coming next Friday
The Market On Friday
Good morning. At 8:30 a.m. ET it is 37 degrees and cloudy here in Upstate NY. Hey it's going up into the 50s next week, I can do more house painting. On Facebook someone pointed out the hypocrisy in GOTea complaints over the Obamacare website delays. The simple and clear point is this - the GOTea has never complained about people having to wait in line 7 hours just to vote.
At 8:31 a.m. ET futures are flat and the price of oil per barrel is up. The market is poised to open flat.
Good earnings reports from tech corporations are stabilizing the pre-market this morning. Allegedly it is a light economic news day with reports on consumer sentiment coming through. What's your sentiment oh consumer? Mine is, I wish it were still Summer. We could get ahead of ourselves here and think that the week will collectively be a week of markets gains, it could happen.
CNN: Tech stocks lead premarket gains
At 8:31 a.m. ET futures are flat and the price of oil per barrel is up. The market is poised to open flat.
Good earnings reports from tech corporations are stabilizing the pre-market this morning. Allegedly it is a light economic news day with reports on consumer sentiment coming through. What's your sentiment oh consumer? Mine is, I wish it were still Summer. We could get ahead of ourselves here and think that the week will collectively be a week of markets gains, it could happen.
CNN: Tech stocks lead premarket gains
Shares of Amazon and Zynga jumped after sales and earnings reports beat expectations on Thursday.
Upbeat earnings reports, along with hopes that the Federal Reserve will delay winding back its massive bond-buying program, have helped buoy stocks.
Thursday, October 24, 2013
DOW Closes Higher
The DOW closed at 15,509.21 gaining 95.88 points.
CNN: Twitter sets IPO stock price between $17 and $20
CNN: Twitter sets IPO stock price between $17 and $20
The Daily Show - Exclusive - Charles Krauthammer Extended Interview Pt. 1
Amazing, I can't believe Jon would do this. Go Jon.
The Daily Show
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The Market On Thursday
Good morning. It is 30 degrees and sunny here in Upstate NY. Yes that would be a genuine brr, it's cold out there and it's time to seriously break out the cold weather clothes. It appears to me that what is occurring in this country is an even greater divide. We are moving into the situation where the red states will be behind in health care, their obesity rates are higher, education is lower, poverty is greater, and an all around need for funds to support people is greater. What we have here is a Western Europe and Eastern Europe situation, from the point of view of people, ordinary people minus the specifics of politics and location. The Tea party is moving part of the country into more severe economic pressure under the guise of freedom, and freedom in this case seems to mean an unwillingness to think of anyone but oneself, that somehow roughing it alone is good.
At 8:45 a.m. futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
However you want to parse it, the DOW is perched to move towards 16,000. I know this is surprising to many but the people involved in equities are seeing a tremendous boost in value. Jobless claims for the week are at 350,000 so that is adequate enough to allow for the morning's opening gains to occur.
CNN: Stocks poised for early gain on China data
At 8:45 a.m. futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
However you want to parse it, the DOW is perched to move towards 16,000. I know this is surprising to many but the people involved in equities are seeing a tremendous boost in value. Jobless claims for the week are at 350,000 so that is adequate enough to allow for the morning's opening gains to occur.
CNN: Stocks poised for early gain on China data
Chinese factory activity hit a 7-month high in October...
Wednesday, October 23, 2013
Good Night
'The New America' - very interesting technique, could use some editing and a lighter soundtrack...
The New America from Nando Costa on Vimeo.
DOW Lower At Noon
In the noon hour the DOW is at 15,411.34 down 56.32 points.
CNN: Stocks slip as investors focus on earnings
CNN: Stocks slip as investors focus on earnings
Pema's Latest
Meditation begins to open up your life, so that you’re not caught in self-concern, just wanting life to go your way. In that case you no longer realize that you’re standing at the center of the world, that you’re in the middle of a sacred circle, because you’re so concerned with your worries, pains, limitations, desires, and fears that you are blind to the beauty of existence. All you feel by being caught up like this is misery, as well as enormous resentment about life in general. How strange! Life is such a miracle, and a lot of the time we feel only resentment about how it’s all working out for us.
The Market On Wednesday
Good morning. It is 33 degrees and cloudy sunny here in Upstate NY. The sense of Winter creeping in is growing. Thinking through the events of the last few weeks with the GOTea shutdown and debt ceiling hostage taking crap scenario, I believe I know what we can expect in the next year. You have the GOTea at record low levels of approval from the American public and one year to go before the House is up for re-election. What will the GOTea do to right itself. They will double down on their attacks on Obama, after all they have no policies except to remove existing policies, so there's nothing there to promote. The call for the resignation of Sebelius is the first salvo, after all if they are calling for her resignation because a website isn't working properly, what's next - calling for an Obama's high up official resignation because their iPhone isn't working properly...
At 8:40 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
Investors are back to the basics and at this point the basics revolve around third quarter corporate earnings reports and selective economic reports on housing, confidence, etc etc. With a miserable jobs report on Tuesday, investors are happy since this will mean that QE3 will continue and liquidity at a cheap price will remain present. Cheap cash is good.
CNN: Stocks: Momentum fades with earnings eyed
At 8:40 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
Investors are back to the basics and at this point the basics revolve around third quarter corporate earnings reports and selective economic reports on housing, confidence, etc etc. With a miserable jobs report on Tuesday, investors are happy since this will mean that QE3 will continue and liquidity at a cheap price will remain present. Cheap cash is good.
CNN: Stocks: Momentum fades with earnings eyed
Asian markets were dragged down by reports that the leading banks in China had tripled the volume of bad loans they wrote off in the first half of the year...
Tuesday, October 22, 2013
DOW Closes Higher
The DOW closed at 15,467.66 gaining 75.46 points.
CNN: Stocks up on hopes Fed stimulus will continue
CNN: Stocks up on hopes Fed stimulus will continue
DOW Higher At Noon
In the noon hour the DOW is at 15,453.14 up 60.94 points.
CS Monitor: Obama helps fainting woman: Why was she lightheaded? - Obama steadied fainting woman who was standing behind him during his Rose Garden speech Monday on the Affordable Care Act. 'This happens when I talk too long,' he quipped.
CS Monitor: Obama helps fainting woman: Why was she lightheaded? - Obama steadied fainting woman who was standing behind him during his Rose Garden speech Monday on the Affordable Care Act. 'This happens when I talk too long,' he quipped.
148,000
This is miserable. The number is an embarrassment.
From CNN:
From CNN:
U.S. adds 148,000 jobs in September, unemployment rate slips to 7.2% - government report delayed by shutdown.
The Market On Tuesday
Good morning. It is 51 degrees and raw looking out there, here in Upstate NY. It's gray, a little windy, and the feel of Winter coming in is out there in spite of the temperature. Busy day here, Tuesday is my extra busy day and in truth all I want to do is go back to bed!
At 8:25 a.m. ET futures are flat and the price of oil per barrel is down. The market is poised to open flat except...
Any second now the long awaited government report on jobs created in September comes out. It's all about the report today and the same truth we've seen since the recovery is going to hold. The numbers need to be a lot better.
CNN: Stocks hold steady before jobs report
At 8:25 a.m. ET futures are flat and the price of oil per barrel is down. The market is poised to open flat except...
Any second now the long awaited government report on jobs created in September comes out. It's all about the report today and the same truth we've seen since the recovery is going to hold. The numbers need to be a lot better.
CNN: Stocks hold steady before jobs report
Traders were hesitant to make any big bets ahead of the September report , due out at 8.30 a.m. ET.
Monday, October 21, 2013
Good Night
Going to watch my fave b-ball team tonight and veg out. Enjoy your evening and see you Tuesday a.m.
School Shooting
We are so numbed from these regular shooting tragedies that somehow when two people are shot there's a sense of being able to better understand it or better accept it simply because it's not twenty people who were mowed down. Still, this is all about the same malicious disease that permeates the country and the families who are directly affected need our prayers and support. We all know this is not the last shooting.
Guardian UK: Nevada police confirm two dead and two injured in middle school shooting - Police say the two people killed at Sparks middle school were a staff member and a student, who was likely the attacker
Guardian UK: Nevada police confirm two dead and two injured in middle school shooting - Police say the two people killed at Sparks middle school were a staff member and a student, who was likely the attacker
DOW Lower At Noon
In the noon hour the DOW is at 15,373.77 down 25.88 points.
CNN: Christie drops challenge to same-sex marriages
CNN: Christie drops challenge to same-sex marriages
TRNN - US FED In Uncharted Waters
After studying monetary policy these last two months I can clearly state that without the Fed we would be down the creek, very very bad. The role of a central bank in the US monetary system is beyond necessary and yes their role in the great recession is unusual but the crisis was extreme.
The Market On Monday
Good morning. It is 41 degrees and clear here in Upstate NY. It could a real nice day once again. I hope you had a good weekend, relaxing and enjoyable. Yours truly is nursing a ridiculous head cold with sinus congestion to boot. Ugh. For those that might have an interest, Coursera is offering a free online course on jazz improvisation with Gary Burton as the instructor. Needless to say, this is a great opportunity and the price is right. It's not easy, this is a serious class.
At 8:20 a.m. ET futures are flat and the price of oil per barrel is down. The market is poised to open flat to lower.
With the GOTea manufactured debt ceiling crisis now in the rear view mirror until January, investors can get back to the business of parsing the economic data out there. Third quarter earnings will come into focus along with data on housing and such. Now we can get back to watching the market for the regular reasons rather than the extraneous noise reasons. Check out the CNN poll which tells that the GOTea brand is regarded as bad for America's health. So true, so true.
CNN: Stocks enter uncertain times
At 8:20 a.m. ET futures are flat and the price of oil per barrel is down. The market is poised to open flat to lower.
With the GOTea manufactured debt ceiling crisis now in the rear view mirror until January, investors can get back to the business of parsing the economic data out there. Third quarter earnings will come into focus along with data on housing and such. Now we can get back to watching the market for the regular reasons rather than the extraneous noise reasons. Check out the CNN poll which tells that the GOTea brand is regarded as bad for America's health. So true, so true.
CNN: Stocks enter uncertain times
The wave of third-quarter earnings results continues Monday...
...monthly report on existing home sales.
Sunday, October 20, 2013
Good Night
Robert Reich writes on the next installment of the debt ceiling fight, what we might see in January 2014.
Robert Reich: What to Expect During the Cease-Fire
Robert Reich: What to Expect During the Cease-Fire
Obamacare Update
CNN: 5 things that have happened since Obamacare launched
Overall, Gruber said, rates are going up for the young and healthy, and down for older people and people who are sick.
Global Warming - Moose Dying Off
We look at these types of stories every day now, it's all about how the environment is rapidly changing. I must admit that the degradation to wildlife has a real numbing effect - how do you react to this information.
NYT: The Disappearing Moose
NYT: The Disappearing Moose
Moose are dying off across North America for a number of reasons, most of which can be linked to a warming climate and an eroding winter.
Saturday, October 19, 2013
Romney In Lawsuit
RICO is the Racketeer Influenced and Corrupt Organizations Act.
Democratic Underground: Romney Sued for RICO in Fed Court
Democratic Underground: Romney Sued for RICO in Fed Court
GOTea Blunders = Dem Gains
Think of it as if it were balancing assets and liabilities.
HuffPo: GOP Shutdown Tactics Helped Drive Democrats' Fundraising Record
HuffPo: GOP Shutdown Tactics Helped Drive Democrats' Fundraising Record
Saturday Afternoon
We have an exceptional day here, Fall is so strong and in the air. Still it's warm, the leaves are in full color, there's a New England quality to the day. Go outside.
Friday, October 18, 2013
DOW Lower At Noon
In the noon hour the DOW is at 15,343.68 down 27.97 points.
CNN: 5 stocks that could hike their dividends
CNN: 5 stocks that could hike their dividends
Martyrs
Personally I always thought Christians have recently gone for the martyrdom routine because America is not 100% Christian in all directions, under every single stone, nook and cranny, 24/7. It's only roughly 75% that way and so that burdensome 25% is enough to cause an unlimited persecution complex. It's quite ridiculous.
AlterNet: The Myth of Christian Persecution - Why are messages about martyrdom and victimhood so galvanizing to a group of people who are objectively not being persecuted?
AlterNet: The Myth of Christian Persecution - Why are messages about martyrdom and victimhood so galvanizing to a group of people who are objectively not being persecuted?
The Market On Friday
Good morning and welcome to the weekend. It is 53 degrees and cloudy here in Upstate NY. We had some rain yesterday evening, and the logo is predicting rain for today and tomorrow. That would be a bummer for tomorrow as I am scheduled to do a performance outdoors. Oh well, wait and see.
At 8:40 a.m. ET futures are slightly higher and the price of oil per barrel is up. The market is poised to open higher.
Now that the debt ceiling limit has been temporarily raised until the beginning of next year, investors are back to focusing on the national and global economy. What is disturbing of course is that these Tea Party politicians will no doubt attempt another economic coup in order to change something that they do not approve of but has come into effect through democratic efforts. Obamacare will top the list but any social spending program of any type including food stamps, or after school programs, or lunch programs, or medicare, and even SSI will be an ongoing and forever target for this crew. Bless their little souls.
CNN: Stocks: Investors refocus on economy, earnings
At 8:40 a.m. ET futures are slightly higher and the price of oil per barrel is up. The market is poised to open higher.
Now that the debt ceiling limit has been temporarily raised until the beginning of next year, investors are back to focusing on the national and global economy. What is disturbing of course is that these Tea Party politicians will no doubt attempt another economic coup in order to change something that they do not approve of but has come into effect through democratic efforts. Obamacare will top the list but any social spending program of any type including food stamps, or after school programs, or lunch programs, or medicare, and even SSI will be an ongoing and forever target for this crew. Bless their little souls.
CNN: Stocks: Investors refocus on economy, earnings
...China reported its economy grew 7.8% during the third quarter...
Thursday, October 17, 2013
DOW Lower At Noon
In the noon hour the DOW is at 15,319.79 down 54.04 points.
CNN: What debt crisis? Rally could keep going
CNN: What debt crisis? Rally could keep going
Extortion
Here's one thing I don't quite understand. Most of these GOTea people are from states where their governor has already decided to opt out of Obamacare. So since their state is already out of the plan why are they creating havoc for the rest of the country? Their states are already out of it.
AlterNet: The GOP Has Surrendered for Now -- But It Will Try More Extortion Soon and Dems Have to be Strong - Democrats humbled the GOP this round, but they can't hand them what they want in the next.
AlterNet: The GOP Has Surrendered for Now -- But It Will Try More Extortion Soon and Dems Have to be Strong - Democrats humbled the GOP this round, but they can't hand them what they want in the next.
The Market On Thursday
Good morning. It is 57 degrees and cloudy here in Upstate NY. The weather logo shows rain for today and tomorrow but right now it's dry out there. I was watching the voting occur last night in Congress on the new debt deal. What can we say, the can has been kicked down the road a few months.
At 8:30 a.m. futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
Investors are not impressed with the deal this morning. Yesterday we got a rally based on the strong possibility of a deal and now that the deal is done, nada. We can understand this because nothing has changed. The GOTea will continue in its obstruction, its relentless effort to overthrow or defund or do anything to Obamacare because after all it's the worst thing since Armageddon. How pathetic. The other point is that these people in my opinion have committed treason. They've placed their re-election possibility above the welfare of the country. These GOTea people are guilty of sedition, and it's blatant and disgraceful.
CNN: Stocks sag as debt deal relief fades
At 8:30 a.m. futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
Investors are not impressed with the deal this morning. Yesterday we got a rally based on the strong possibility of a deal and now that the deal is done, nada. We can understand this because nothing has changed. The GOTea will continue in its obstruction, its relentless effort to overthrow or defund or do anything to Obamacare because after all it's the worst thing since Armageddon. How pathetic. The other point is that these people in my opinion have committed treason. They've placed their re-election possibility above the welfare of the country. These GOTea people are guilty of sedition, and it's blatant and disgraceful.
CNN: Stocks sag as debt deal relief fades
...$24 billion hit to the economy caused by the events of the past two weeks.
Wednesday, October 16, 2013
Good Night
Another busy day here. Let's see what happens with this debt deal tonight. It could get nasty and at the best it simply kicks the problem down the road till January 2014. Expect to see the same sort of nonsense then as we are seeing now. Perhaps Boehner has learned something, perhaps not.
DOW Higher At Noon
In the noon hour the DOW is at 15,344.42 up 176.41 points.
CNN: Stocks rise even as default deadline nears
CNN: Stocks rise even as default deadline nears
The Market On Wednesday
Good morning. It is 52 degrees and overcast here in Upstate NY. The days are getting noticeably shorter and the colder part of the Fall is creeping closer. People have their Halloween decorations out and the piles of leaves line the streets in this town. I am still working hard to maximize the temperatures and try to accomplish some more house painting before the snow flies.
At 9:00 a.m. ET futures are modestly higher and the price of oil per barrel is lower. The market is poised to open higher.
Today is the do or die day. Either a deal is cut to raise the debt ceiling or it isn't and we pass into a true catastrophe. It's a remarkable period in American politics and history where a few Republicans are quite willing to subvert the global economy in order to retain the little shitty power they hold in Congress. The hubris is off the charts along with their levels of stupidity and arrogance. The mass anger quotient towards this GOTea bunch is rising.
CNN: Stocks: Prepare for a bumpy ride
At 9:00 a.m. ET futures are modestly higher and the price of oil per barrel is lower. The market is poised to open higher.
Today is the do or die day. Either a deal is cut to raise the debt ceiling or it isn't and we pass into a true catastrophe. It's a remarkable period in American politics and history where a few Republicans are quite willing to subvert the global economy in order to retain the little shitty power they hold in Congress. The hubris is off the charts along with their levels of stupidity and arrogance. The mass anger quotient towards this GOTea bunch is rising.
CNN: Stocks: Prepare for a bumpy ride
A failure to reach an agreement could trigger a default on U.S. debt and chaos in global markets.
...gold prices are edging up as investors seek a safe-haven asset.
Tuesday, October 15, 2013
Good Night
Long day here and I'm very dismayed by the GOTea activity in tanking the country's economy in order to get it's Tea Part way. Unbelievable and disgraceful.
See you bright and early Wednesday morning.
See you bright and early Wednesday morning.
DOW Closes Lower
The DOW closed at 15,168.01 dropping 133.25 points.
Shame on the GOTea.
CNN: Punting on budget likely to lead to another stalemate
Shame on the GOTea.
CNN: Punting on budget likely to lead to another stalemate
Maddow - Too Close To The Ceiling
Visit NBCNews.com for breaking news, world news, and news about the economy
DOW Lower At Noon
In the noon hour the DOW is at 15,255.44 down 45.82 points.
CNN: Debt ceiling crisis could leave millions in lurch
CNN: Debt ceiling crisis could leave millions in lurch
Global Warming - Forbes Is F.O.S.
One of the leading denier rags out is Forbes, no surprise there. Check this out.
Forbes: The True Global Warming Crisis Is The Fibs Underlying The Theory
Forbes: The True Global Warming Crisis Is The Fibs Underlying The Theory
The Market On Tuesday
Good morning. It is 56 degrees and cloudy here in Upstate NY. The weather logo shows drizzle, what the heck is drizzle? Tuesday is my busy day, busiest day of the week, it's my personal hump day. I'm steeled up and ready to rumble.
At 8:40 a.m. futures are slightly lower and the price of oil per barrel is slightly lower as well. The market is poised to open lower.
Asian markets ended in the plus column and European markets are up as well, all based on the expectation that a ceiling debt deal is going to get done. This could be interesting because the Senate deal still has to go to the House and the House is still full of nutcase GOTeas. Even though we are in the midst of corporate earnings reports, the market is taking all its cues from Washington.
CNN: Stocks: Great expectations for Washington
At 8:40 a.m. futures are slightly lower and the price of oil per barrel is slightly lower as well. The market is poised to open lower.
Asian markets ended in the plus column and European markets are up as well, all based on the expectation that a ceiling debt deal is going to get done. This could be interesting because the Senate deal still has to go to the House and the House is still full of nutcase GOTeas. Even though we are in the midst of corporate earnings reports, the market is taking all its cues from Washington.
CNN: Stocks: Great expectations for Washington
Even if the Senate gets a deal, it still needs to win support in the House of Representatives, which is far from certain.
Monday, October 14, 2013
Push Back
Harry Reid is allegedly demanding that the sequester cuts get rolled back as part of the deal. The sequester cuts were a result of the Tea Party branch of the GOTea. I love it. Reid is fully aware of the negativity surrounding the GOTea right now and he is looking to capitalize, it's a remarkable switch.
CS Monitor: Government shutdown backfires? GOP says Democrats now guilty of extortion. - The government shutdown began with Democrats saying Republican demands about Obamacare were 'extortion.' Now, as the GOP resistance collapses, Senate Democrats are pushing back.
CS Monitor: Government shutdown backfires? GOP says Democrats now guilty of extortion. - The government shutdown began with Democrats saying Republican demands about Obamacare were 'extortion.' Now, as the GOP resistance collapses, Senate Democrats are pushing back.
DOW Lower At Noon
In the noon hour the DOW is at 15,184.74 down 52.37 points.
CNN: Here we go again: Stocks fall on no debt deal
CNN: Here we go again: Stocks fall on no debt deal
The Market On Monday
Good morning. It is 47 degrees and sunny here in Upstate NY. The weather logos are pointing to a reasonable week of weather. We'll take it. I hope you had a good reviving type of weekend. I was busy working on the house trying to squeak out the last few days of decent weather on projects involving the exterior of the house. Right now I'm mostly painting.
At 8:40 a.m. ET futures are significantly lower and the price of oil per barrel is down. The market is poised to steeply drop at the opening bell.
Once again deep fear is back on Wall Street as the pointy headed GOTea has essentially decided to tank the economy by not raising the debt limit. I don't know what the hell these people are thinking, but I do know this, they are not making a lot of friends right now. The level of animosity directed at the GOTea could not be higher. Send these idiots packing on election day this year and next.
CNN: Debt deal deadlock to weigh on stocks
At 8:40 a.m. ET futures are significantly lower and the price of oil per barrel is down. The market is poised to steeply drop at the opening bell.
Once again deep fear is back on Wall Street as the pointy headed GOTea has essentially decided to tank the economy by not raising the debt limit. I don't know what the hell these people are thinking, but I do know this, they are not making a lot of friends right now. The level of animosity directed at the GOTea could not be higher. Send these idiots packing on election day this year and next.
CNN: Debt deal deadlock to weigh on stocks
"Markets are responding accordingly ... as last week's hope that we would see an early-week deal has evaporated."
Sunday, October 13, 2013
TRNN - Why Autoworkers Care About Climate Change Pt.4
This is an excellent discussion and I encourage you to watch the whole thing or as much as you can.
From The Fringe
AlterNet: You Think You Knew Crazy? Think Again. 10 Shockers from the Increasingly Unhinged Right Wing - Nothing shuts down America's far-right lunatic fringe.
1. Michele Bachmann: 'Obama is part of Al Qaeda and end times are near.'
Saturday, October 12, 2013
Good Night
'Shunji Yokokawa: Salt Flats World Record'
Shunji Yokokawa: Salt Flats World Record from VITA BREVIS FILMS on Vimeo.
TRNN - Financial Regulator Shutdown, Halts Investigations Of Wall Street Crimes
More than likely this is the real reason why there is a shutdown.
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