Energy was the culprit in whole prices.
Comments »Monthly Archives: October 2012
Global Markets Trade Unch to Down a Fraction, U.S. Futures Follow Suit
This Evening’s Vice Presidential Debate in 60 Seconds
Live Blogging the Ryan / Biden VP Debate
10:11 I’m done. Ryan is an awful debater.
10:10 DAMMIT. BIDEN JUST NAILED RYAN ABOUT ANSWERING THE QUESTION. RYAN SHOULD HAVE NAILED HIM WITH THAT AN HOUR AGO.
10:04 Jesus. Ryan says he is going to clear things up for us.
9:58 I could not tell you what Ryan said about Afghanistan. He needs to learn bullet points, and how to slow the fuck down when speaking. Own your space, son!
MOVING ON TO AFGHANISTAN
9:54 I don’t know how much longer I can stand this. Biden is so fucking annoying and Ryan is fucking terrible. Pussy.
9:52 “VP Biden, what do you suggest we do besides raising taxes on the wealthy?” Biden has no answer. Ryan is just fucking terrible.
9:51 Raddatz: Is Biden wrong about that? When Ryan tries to respond, Biden continues to interrupt.
9:49 Biden: “Let me have a chance to translate.”
9:49 Biden is so annoying.
9:48 Raddatz: Let’s talk about this 20% tax cut. Do you actually have the specifics? Do you know exactly what you are doing?”
9:47 Ryan: “There aren’t enough small business people to tax to pay for all their spending.”
Dammit Ryan, you better kill it here.
“Our entire premise is to grow the economy and create jobs.”
MOVING ON TO TAXES
Will Raddatz stop the interrupting Biden?
When Biden starts interrupting it is a clear sign that he is losing.
Biden’s only recourse during the Medicare section is to interrupt.
Biden continues to interrupt Ryan. “Biden I know you’re under duress and needing to make up lost ground, but I think we’d be better off if we didn’t interrupt each other.”
“They got caught with their hands in the cookie jar turning medicare into a piggy bank for Obamacare.”
Biden looks exactly like the actor that plays him on Saturday Night Live.
9:35 “I heard that death care argument from Sarah Palin.”
9:34 Ryan might see some traction on Medicare. He blew it on the economy.
MOVING ON TO MEDICARE
9:32 Ryan made a mistake asking Biden if green stimulus was a “good idea.”
Ryan hitting Biden on his overseeing the Green Stimulus snafus.
9:30 Ryan: “Let’s not forget they had 1 party control. They could have had whatever they want.”
9:30 BLAME BUSH!
9:28 Biden goes for the sympathy play. I bet that is his ace in the hole.
9:27 This is a man who gave 30% of his money to charity. Ryan kills on the joke about Biden’s gaffes. “”I think the vice president very well knows that sometimes words don’t come out the right way.”
9:26 Ryan outlining the 5 point plan. “Let me tell you about the Mitt Romney I know.”
9:25 Ryan kills on the Scranton line.
9:25 2 minutes in and Biden still hasn’t answered the question. Ryan’s turn.
9:24 Hahaha Biden doing his best angry man. Damn, he’s so angry! Lol Nail him Ryan, right now.
9:23 HAH, Biden fits in the 47% line.
Can you get unemployment below 6%? Biden not answering the question! Nail him on it Ryan.
9:22 STATE of OUR ECONOMY
9:20 Ryan showing signs of life. Finally Raddatz causes Biden to pipe down.
9:20 Biden: “Facts matter, Martha.” Biden starting to show is ass. Good ‘ole Joe! Let Joe be Joe!
9:18 Biden: “This is a bunch of stuff.” More lying liars routine.
9:17 Has the moderator, a la, the one who looks like a mistake made in a coal mine, challenged Biden yet? (Good line, Fly)
9:16 Ryan: “Instead of meeting with Bibi, Obama went on a talk show.”
9:14 Biden chuckles, “Incredible..” He will hammer the lying liars theme all night. I’m almost 100% certain Biden will dominate Ryan tonight.
9:14 WTF is Ryan talking about?
9:11 Ryan sounds like a frightened little pussy. Man up.
9:10 Biden: “We weren’t told they wanted more security [in Benghazi].”
9:08 Biden: “That is all a bunch of malarkey.” Biden is already on the Romney Lies theme.
9:06 And Raddatz is already on the attack, asking if Romney’s statements were appropriate.
“It took the President 2 weeks to acknowledge this was a terrorist attack.” I think Ryan is going to do poorly. Just saying. His opening salvo has me worried.
9:04 Biden is 69 years old. The hairs on his head look like they may have been transplanted from an aging horse.
Raddatz starts immediately with Benghazi. I guess she’ll get the hard stuff out of the way so that no one remembers at the end of the debate the huge cover up made by Obama.
9:02 Biden has some shiny, shiny chompers.
9:00 Raddatz has a Leno chin.
Comments »Hungarian Billionaire, Thomas Peterffy, Takes Out Ad To Warn Against Socialism
Al Gore is THE GREEN BANDIT
The man who was within sight of the presidency 12 years ago has transformed himself, becoming perhaps the world’s most renowned crusader on climate change and a highly successful green-tech investor.
Just before leaving public office in 2001, Gore reported assets of less than $2 million; today, his wealth is estimated at $100 million.
Gore charted this path by returning to his longtime passion — clean energy. He benefited from a powerful resume and a constellation of friends in the investment world and in Washington. And four years ago, his portfolio aligned smoothly with the agenda of an incoming administration and its plan to spend billions in stimulus funds on alternative energy.
Comments »On the Matter of the Federal Reserve System by G. Edward Griffin
[youtube://http://www.youtube.com/watch?v=_WrMWK-FJzU 450 300]
Comments »A Message From Dennis Kucinich
[youtube://http://www.youtube.com/watch?v=Ap5wcahbJ2Q 450 300]
Comments »Will the Supreme Court Change the Definition of Private Property ?
[youtube://http://www.youtube.com/watch?v=vxZ1g3-2qKU 450 300]
Comments »Strategist Dwyer: S&P 500 Will Hit 1,575 by Year-End
“The stock market might have stumbled Wednesday, but it will soon resume its 3 ½-year rally, says Tony Dwyer, chief equity strategist at Canaccord Genuity investment bank.
Indeed, he tells CNBC the Standard & Poor’s 500 will hit 1,575 by year-end. That would represent a 10 percent gain from Wednesday’s close of 1,433. The index dipped 0.6 percent Wednesday.
Dwyer sees a correction to last for a bit first, sending the S&P 500 to 1,400, “but at the end of the day, we’re in the economic sweet spot,” he maintains. ”
Comments »Geithner: US Economy ‘Doing Better Than Anybody Had Reason to Expect’
“U.S. Treasury Secretary Timothy Geithner said Thursday that financial reforms and other actions in response to the global crisis are yielding results, helping the U.S. economy to grow at a pace better than there was reason to expect.
Speaking at a financial conference in Tokyo on Thursday, Geithner said the Obama administration would strive to resolve by the end of the year the impasse with the Congress that threatens to impose a so-called fiscal cliff of tax increases and deep spending cuts if the two sides do not reach agreement.
The U.S. has been relatively successful in managing to clean up the mess left by the 2008 financial crisis while not starving the economy of credit, Geithner said. Growth has dragged, though, due to the European crisis and severe drought across the U.S.”
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Your Tax Dollars at Work: FDA Fail
“Pay attention, as I can’t say this seriously enough. Last week, the FDA took a drug off the market, and the reasons should send shivers of fear down the backs of consumers, investors, generic drug companies – and the FDA.
The FDA announced last week that Teva’s 300mg generic version of Wellbutrin XL was being recalled because it did not work. And this wasn’t just a problem with one batch – this is a problem that has been going on with this particular drug for four or five years, and the FDA did everything it could to ignore it.
The FDA apparently approved this drug – and others like it – without testing it. The FDA just assumed if one dosage strength the drug companies submitted for approval works, then the other higher dosages work fine also. With this generic, American consumers became the FDA’s guinea pigs to see if the FDA’s assumption was right. It wasn’t.
Background”
Comments »A Thorn in the Foot of Profits for $BAC
“While most attention has focused on the No. 2 U.S. bank’s $35 billion in mortgage losses stemming from settlements and repurchases of soured home loans, information the bank provided to the Federal Reserve in 2008 and recent company reports show the mortgage mess could undermine efforts to improve profits for some time to come.
Bank of America now employs some 42,000 people – or nearly 1 in 6 of its 275,000 employees – in Legacy Asset Servicing, the unit that services problem mortgages. Operating costs in the mortgage servicing business reached $2.7 billion in the second quarter, up 29 percent from a year ago, as the bank added 7,000 workers to handle foreclosure reviews and loan modifications required under government settlements.
The bank has also had as many as 16,000 additional contractors working in the unit, according to company reports.”
Comments »Some IPOs to Look at Today
The Winnebago Indicator Spells Strength for the Economy
While eps was down yoy for $WGO, revenues are up and production are ramping up for backlog orders.
Comments »Meet The Obamas, in Kenya
While Obama’s connection to his Muslim family in Kenya is an acceptable topic for discussion in the Arab world, it is viewed as a ‘great taboo’ in the United States.
Why is that so? This ‘taboo’ should be considered unfair at best, purely prejudiced at worst. Is it fair that we censor such discussions just because Obama’s relatives are ‘Muslim’?
The Council on American Islamic Relations (CAIR) should condemn the media for keeping a tight lid on the subject. Isn’t it time to go beyond what is disclosed by President Obama in his Dreams from My Father or Wikipedia’s limited information, which includes the only photo released by the Obama family?
We will cover only three of the closest Kenyan relatives to president Obama:
1. Sarah, Barack’s beloved and benevolent grandmother
2. Sayid Obama, his closest favorite uncle
3. Musa Ismail Obama, his first cousin and Sayid’s main sidekick.
After President Obama was inaugurated, the Muslim side of the Obama family in Kenya boomed; it went from rags to riches overnight. They became one of the most influential families in western Kenya and even extended their sphere of influence to Saudi Arabia. When Sarah, president Obama’s grandmother (step-grandmother), decided to go to the Hajj, an obligatory pilgrimage to Mecca with Musa, president Obama’s first cousin, they were welcomed with open arms and were provided a special escort with full security detail and first-class treatment at the Saudi royal court:
His Royal Highness Prince Mamdouh bin Abdul Aziz accompanied the family of U.S. President Barack Obama in his palace in Jeddah after the performance of the Hajj this year. The event was attended by His Royal Highness Prince Faisal bin Thamer bin Abdul Aziz, and His Royal Highness Prince Abdul Aziz Bin Mamdouh Bin Abdul Aziz, and his HRH Prince Abdullah bin Nayef bin Abdul Aziz, and a number of other princes and officials.
The reason for such treatment—as explained in an exclusive interview with Musa Ismail Obama on Al-Jazeera—is that a close relationship was built with Saudi royals. Like president Obama’s call for education in the United States, the Kenyan Obamas embarked on a similar project.
A Look at Short Interest in U.S. Equities
INTC, AMD, QCOM, ARMH, MU, SNDK, BRCM, MRVL, NVDA, TXN, AMAT, SMH
BHI, BP, CHK, CVX, COP, EPD, XOM, KMI, NOV, PSX, SLB, RIG, VLO
ALXN, AMGN, ARNA, BIIB, CELG, DNDN, GILD, ILMN, ONXX, PCYC, REGN, VRTX, VVUS, IBB
CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE
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Upgrades and Downgrades This Morning
ATVI, CELG, COST, EA, ECPG, HST, LEAP, MAR, PCS, PAL, SI, SPLS, TTWO, TCBI, TXN, ZNGA,
Comments »In Play and On the Wires
Potential Evidence of Collusion Surfaces in E-mails Between KKR, Blackstone, Bain, and More
“Here’s the case: Shareholders have accused a bunch of private equity titans like KKR, Blackstone, Bain Capital and more, of colluding to keep the prices of take-over target companies down, and agreeing on who would buy what. The prosecution is alleging that these firms engaged in bid-rigging, or made “club deals,” to eliminate good old fashioned competition.”
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