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Judge blocks Wisconsin labor law

A district attorney has successfully convinced a judge to block Gov. Walker’s new labor law, on grounds that the legislative committee that enabled passage of the bill met without a 24 hour notice, a requirement by Wisconsin’s open meeting laws.

“I would hope the Republicans would take this as an opportunity to sit down with Democrats and negotiate a proposal we could all get behind,” said Democratic Sen. Jon Erpenbach.

Unlikely. It is far more probably that the Republicans will simply re-vote on the measure, as is. When you have a supermajority, there’s no reason to negotiate, especially after Republican offers to do so were already turned down.

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Individual Investors return in droves.

Individual investors are pouring fresh capital into the equity market yesterday and today. The reason is surprisingly simple; “The news is so bad that it can only get better, and if the bad news flow slows then logic dictates that the markets will rise. After all, if it goes up on bad news then it must rise on good news. Right?

Seriously. Do you know any “normal person” who is rushing to put his/her money to work in the past week?

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Banks raise dividends in return for Mortgage Givebacks

With a secure trillion dollars stuffed under the mattress and the promise of ZIRP forever, courtesy of the Federal Reserve, banks are now returning pennies of their perfect trading profits to bank investors only. So you must buy a stock where you cannot calculate simple shareholder equity in order to capture a .12 dividend. And for that, the stocks are all up billions in market value.

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American Data Collection Flights: Worst Contamination Within 18 Mile Range of Highest Concern

WASHINGTON — The first readings from American data-collection flights over the stricken Fukushima Daiichi nuclear plant in Japan show that the worst of the contamination has not spewed beyond the 18-mile range of highest concern established by Japanese authorities, but there is also no indication that another day of frantic efforts to cool nuclear fuel in the reactors and spent fuel pools has yielded any progress, according United States government officials.

Read rest of article here.

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The Show Must Go On…

Iran into Bahrain
Radiation clouds on the horizon
More workers to suffer radiation death
Yen to 15 year highs, in one bar
etc., etc., etc.

G7 pumping
Futures up and climbing
Japan will be “stimulative”
Commodities in short supply

The game must go on no matter what. No guts no glory. Worry? That’s for suckers…

SPX back to 1300
DOW back to 12k
Nasdaq back to 2700
Russell back to 810

Happy St. Patricks Day!

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Japan Utility Says New Power Line Could Ease Crisis

The operator of Japan’s tsunami-crippled nuclear plant says it has almost completed a new power line that could restore electricity to the complex and solve the crisis that has threatened a meltdown.

From CNBC

Full Story Here

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TOP 10 HIGH VOLUME MOVING STOCKS (COURTESY OF THE PPT)

No. Ticker Fundamental Score Hybrid Change (Daily) Hybrid Change (Weekly) Hybrid Score Rank (Daily) Technical Score Short as % of Float Average Volume
1 CYS 3.65 25.81 17.37 2.73 1244 1.58 26.40 5,647,230
2 GLUU 2.70 34.29 33.20 3.29 238 3.78 14.50 3,532,690
3 VVUS 2.60 33.53 36.31 2.23 2897 2.98 19.80 3,527,490
4 KOG 2.90 40.83 57.21 3.07 432 3.70 15.50 3,395,670
5 PWAV 4.65 29.34 40.89 4.10 10 3.73 7.40 2,771,950
6 AGNC 3.75 30.63 1.76 3.71 70 3.73 15.90 2,649,140
7 DG 4.30 28.87 54.66 3.75 64 3.38 1.70 2,645,320
8 AMT 2.90 29.32 48.79 2.47 2179 2.68 1.00 2,476,000
9 ARO 4.60 41.67 36.46 3.74 65 3.13 9.10 2,138,530
10 EPD 3.35 62.23 50.49 3.05 457 2.86 0.50 1,875,310

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