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Monthly Archives: July 2012

Documentary: I Want the Earth Plus 5%

Cheers on what is left of your holiday weekend !

[youtube://http://www.youtube.com/watch?v=iZ-4ElQ1ktE&feature=results_main&playnext=1&list=PL940EB6BEC83754A2 450 300]

“16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 and that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six. “

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Market Update

Markets are off considerably on week non farm payrolls. Paty close attention to the close today to see if we get a snap back rally….otherwise we could be in for much more downside action.

I’m off to make a fool of myself on the golf course again.

Market update

[youtube://http://www.youtube.com/watch?v=JMkFjYRWM4M 450 300]

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Brave New Rebellion

[youtube://http://www.youtube.com/watch?v=nQRX7UdXG6w 450 300]

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UN Calls for ‘Billionaires Tax’ to Help World’s Poor

“The United Nations on Thursday called for a tax on billionaires to help raise more than $400 billion a year for poor countries.

An annual lump sum payment by the super-rich is one of a host of measures including a tax on carbon dioxide emissions, currency exchanges or financial transactions proposed in a UN report that accuses wealthy nations of breaking promises to step up aid for the less fortunate.

The annual World Economic and Social Survey says it is critical to find new ways to help the world’s poor as pledged cash fails to flow.

The report estimates that the number of people around the globe worth at least $1 billion rose to 1,226 in 2012.”

Full article

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Old Man Buffett’s Favorite Indicator Remains Unchanged

“No big changes in rail traffic this week.  Carloads continue to post small declines and intermodal continues to post improvements.  Intermodal is up to 7% on a year over year basis with the 10 week moving average coming out to 4.5% this week.  That’s up marginally from 4.2% last week.  The AAR has details on this week’s data:”

Full report

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SAUT: These Two Sectors Will Keep The U.S. Out of Recession

“Interesting comments from Jeff Saut of Raymond James.  Saut says we’re likely to see a repeat of 2010 and 2011 as recession fears are ultimately quelled and the market rallies into year-end.  Saut says two important industries are giving us the clue – autos and housing.  And neither points to recession at present (via Raymond James):”

Full article

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Dynegy Files for Bankruptcy

“(AP NEW YORK – Dynegy Inc. has filed for bankruptcy protection after years of wrestling with falling electricity prices.

The Houston power company, which operates in the Midwest, Northeast and the West, tried to buy Enron in 2001 before that company’s collapse.

The parent company of Dynegy Holdings says that a New York bankruptcy court has already approved its reorganization plan.”

Full article 

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Gapping Up and Down This Morning

Gapping up

XRTX +2.8%, GSK +0.7%,  GLNG +2.4%,  AV +2.7%, NAV +4.2%,

PCX +2.2%, JRCC +1.8%, ACI +1.4%, ANR +0.4%,  SHP +15.1%

Gapping down

INFA -26%, ALXA -8.9%, FRO -3.8%, LF -3.3%, SAN -2.7%, SAP -2.4%, SLV -1%, BP -0.9%

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