Posts Tagged ‘Corporate Taxes’

Monday Market Momentum – Prices Go Parabolic

Two percent!  

That's how much the price of EVERYTHING has gone up IN AMERICA since Christmas Day, just 6 weeks ago.  This is according to the very reliable Billion Prices Project at MIT, which collects pricing data every day from online retailers using a software that scans the underlying code in public webpages and stores the relevant price information in the database.  The daily online index is an average of individual price changes across multiple categories and retailers that provides real-time information on major inflation trends.    

 

 

In other words, this is not Bernanke's BS – THIS IS REALITY FOLKS – and reality is NOT GOOD!  We're talking parabolic short-term moves that you know and I know and the data shows is absolutely happening.  Yet the Chairman of the Federal Reserve Bank of the United States of America tells us over and over and over again that it is not happening.  

He tells us that inflation was down in 2010 from 2.4% in 2009 to 1.2% last year and that he sees no inflation.  In fact, he is basing his mathematical models on it and directing our nation's policies on this basis and he is conducting the most dangerous monetary experiment in the history of the Universe – ALL BASED ON HIS PREMISE THAT INFLATION DOES NOT EXIST!  

But, what if it does?  What if every other nation on Earth, including now even Japan, who see 3, 4, 6, 8, 12% and 20% inflation are not wrong and it is, in fact, Ben Bernanke who is wrong.  I would not be as worried if The Bernank got on TV and said:  Inflation is heading up to double digits, which is our plan but that's not at all what he's saying.  This means either the Chairman of the Federal Reserver is either lying right to our Congresspeople's faces, under oath, or that he is a clueless policymaker with his finger on the button of a weapon that can wipe out the wealth of
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Thanks for the Gas Money, Mr. President!

What the HELL has happened to this country? 

Did we seriously just spend $830Bn to give tax cuts to the rich when we’re already $15Tn in debt?  When 20M Americans are officially out of work and another 30M have jobs where they can’t make ends meet?  Did Obama and the Democratic "leadership" just fold like an empty suit and sell what’s left of their supporters down the river and in exchange for what?  For the extension of jobless benefits for 2M people while another 450,000 people a week are laid off?   

How does it help people who have no jobs to have an extended tax cut?  If Obama suddenly found $830Bn to spend, how about spending it to employ 16.6 MILLION people with $50,000 jobs?  THAT’S HOW MUCH $830Bn is!  Would 16.6M people getting jobs boost the economy?  It would do a lot more for the economy than giving it to a few Billionaires so they can buy more BMWs which they can drive to the next foreclosure sale so they can take away the homes of the people they are supposed to be "trickling on." 

Aside from the obvious fact that the Bush Tax Cuts certainly didn’t leave us with a strong economy in their first 10 years and we all know that Albert Einstein’s definition of insanity is doing the same thing over and over again and expecting different results so we have to ask ourselves:  Has Barack Obama gone insane?  Have the Democrats lost their minds or only their souls (and their spines)?

As you can see from the chart on the left, our "leaders" have now endorsed a tax plan that gives families earning less than $75,000 an average tax break of $900.  That’s $17 a week!  I’m sorry, I titled this article "Thanks for the Gas Money, Mr. President" but good luck filling your tank for $17 a week.  In fact, before the Bush Tax Cuts, a gallon of gas was $1.50 but the $3.7Tn of debt we took on from the first 10 years of Bush Tax Cuts led to a rapid decline in the value of the dollar, which cased to price of commodities to fly up as the relative purchasing power of those dollars declined, pushing the price of gas up to a peak of $5 and what is once again $3 and climbing under Obama’s weak leadership.  

The average…
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Zero Hedge

F.I.R.E. - Ignited By The Bull, Extinguished By The Bear

Courtesy of ZeroHedge. View original post here.

Authored by Lance Roberts via RealInvestmentAdvice.com,

Do you remember this commercial?

The Etrade commercial aired during Super Bowl XLI in 2007. The following year, the financial crisis set in, markets plunged, and investors lost 50%, or more, of their wealth.

However, this wasn’t the first time it happened.

The same thing happened in late 1999. This commercial was aired 2-months shy of the beginning of the “Dot.com” bust as investors ...



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Kimble Charting Solutions

Is Crude Oil Sending a Bearish Message to the Stock Market?

Courtesy of Chris Kimble.

Crude Oil (NYSEARCA: USO) and the S&P 500 Index (INDEXSP: .INX) have peaked and bottomed together several times in the past 9 months. See points (1) and (2) on the chart above.

In summary, the correlation between Oil and the stock market has been quite interesting and demands investors attention.

Crude Oil has been creating lower highs of late and is breaking price support at (3).

If the correlation remains the same, Crude Oil may very well be sending a bearish message to stocks.

Tricky spot for active investors – careful here.

...

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Phil's Favorites

Central Planning and "Team Human." Are we able to steer the ship, while letting markets do their creative thing?

 

Scientist, tech consultant, best-selling author and futurist David Brin discusses central planning vs. market forces and the problems at either extreme. (Visit the CONTRARY BRIN blog to read David's latest posts. For his books and short stories, visit his website.)

 

Central Planning and “Team Human.” Are we able to steer the ship, while letting markets do their ...

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Insider Scoop

Benzinga's Top Upgrades, Downgrades For July 19, 2019

Courtesy of Benzinga.

Upgrades
  • For American International Group Inc (NYSE: AIG), William Blair upgraded the previous rating of Market Perform to the current rating Outperform. American International Gr earned $1.58 in the first quarter, compared to $1.04 in the year-ago quarter. American International Gr's market-cap stands at $48,358,299,270. At the moment, the stock has a 52-week-high of $56.49 and a 52-week-low of $36.16. American International Gr c...


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Chart School

RTT Plus Chart Book (Sneak Peak)

Courtesy of Read the Ticker.

The magic of support and resistance channel lines and how they direct price. Here are some chart disclosed to members via the RTT Plus service. All charts are a few weeks old. 


XAU bound by parallel channel lines.


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Newmont Mining support from Gann Angles.



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US Dollar index (DXY) dominate cycle ...

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Digital Currencies

Cryptos Suddenly Panic-Bid, Bitcoin Back Above $10k

Courtesy of ZeroHedge. View original post here.

Following further selling pressure overnight, someone (or more than one) has decided to buy-the-dip in cryptos this morning, sending Bitcoin (and most of the altcoins) soaring...

A sea of green...

Source: Coin360

Bitcoin surged back above $10,000...

Ethereum bounced off suppo...



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Biotech

DNA testing companies offer telomere testing - but what does it tell you about aging and disease risk?

Reminder: We're is available to chat with Members, comments are found below each post.

 

DNA testing companies offer telomere testing – but what does it tell you about aging and disease risk?

A telomere age test kit from Telomere Diagnostics Inc. and saliva. collection kit from 23andMe. Anna Hoychuk/Shutterstock.com

Courtesy of Patricia Opresko, University of Pittsburgh and Elise Fouquerel, ...



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ValueWalk

Professor Shubha Ghosh On The Current State Of Gene Editing

 

Professor Shubha Ghosh On The Current State Of Gene Editing

Courtesy of Jacob Wolinsky, ValueWalk

ValueWalk’s Q&A session with Professor Shubha Ghosh, a professor of law and the director of the Syracuse Intellectual Property Law Institute. In this interview, Professor Ghosh discusses his background, the Human Genome Project, the current state of gene editing, 3D printing for organ operations, and gene editing regulation.

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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