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Bulls Manage a Magic Trick

Despite rising yields in Europe, some crappy bond auctions, the EURO tanking, and being at the top of a recent rally the bulls manage to turn a rut into a rally…just b4 BLS data tomorrow. Can we finally say that the U.S. is decoupling from the Euro crisis ?

DOW down 3

NASDAQ up 21

S&P up 3.7

[youtube://http://www.youtube.com/watch?v=zvl7EkqFAzs 450 300] [youtube://http://www.youtube.com/watch?v=10gH-bC3iXo&feature=related 450 300] [youtube://http://www.youtube:.com/watch?v=L5bCMLIA5Fk 450 300]

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Doctors across America quietly going broke

NEW YORK (CNNMoney) — Doctors in America are harboring an embarrassing secret: Many of them are going broke.

This quiet reality, which is spreading nationwide, is claiming a wide range of casualties, including family physicians, cardiologists and oncologists.

Industry watchers say the trend is worrisome. Half of all doctors in the nation operate a private practice. So if a cash crunch forces the death of an independent practice, it robs a community of a vital health care resource.

“A lot of independent practices are starting to see serious financial issues,” said Marc Lion, CEO of Lion & Company CPAs, LLC, which advises independent doctor practices about their finances.

Doctors list shrinking insurance reimbursements, changing regulations, rising business and drug costs among the factors preventing them from keeping their practices afloat. But some experts counter that doctors’ lack of business acumen is also to blame.

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Happy New Year?

Ring out the new, ring in the old.

No, hang on, that should be the other way around, shouldn’t it? Not as far as 2011 was concerned. The year began with a tea-powered Republican caucus taking control of the House of Representatives and pledging to rein in spendaholic government. It ended with President Obama making a pro forma request for a mere $1.2 trillion increase in the debt ceiling. This will raise government debt to $16.4 trillion — a new world record! If only until he demands the next debt-ceiling increase in three months’ time.

At the end of 2011, America, like much of the rest of the Western world, has dug deeper into a cocoon of denial. Tens of millions of Americans remain unaware that this nation is broke — broker than any nation has ever been. A few days before Christmas, we sailed across the psychological Rubicon and joined the club of nations whose government debt now exceeds their total GDP. It barely raised a murmur — and those who took the trouble to address the issue noted complacently that our 100 percent debt-to-GDP ratio is a mere two-thirds of Greece’s. That’s true, but at a certain point per capita comparisons are less relevant than the sheer hard dollar sums: Greece owes a few rinky-dink billions; America owes more money than anyone has ever owed anybody ever.

Read the rest here.

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Air Jordan 11’s Spark a Wave of Violence

Nothing like a little senseless violence and chaos to bring in the Holiday season.

The release of the Air Jordan 11 retro “Concord” shoes has sparked a wave of nationwide violence. These shoes are all the rage and to say that some have taken their love for shoes too far is a gross understatement.

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Bulls Celebrate a Holiday Win

Light volume holiday vacuum trading took the markets higher. Sincerely though, we had good consumer sentiment numbers and a great initial claims number.

DOW UP 61

NASDAQ up 21

S&P up 10

Oil up $0.71

[youtube://http://www.youtube.com/watch?v=hsU6_eSG4k4 450 300]

 

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