Almost Half of Americans Say Obama Untruthful About IRS
Almost half of Americans say President Barack Obama isn’t telling the truth when he says he didn’t know the Internal Revenue Service was giving extra...
Author : Wall Street Pit
Home-builders Feel the Affect of Higher Yields
This afternoon, the leading home-builder stocks are all trading lower on the charts. This leading industry group has been selling off since May 22, 2013....
AAPL vs. Gold
What did Mark Twain once remark about his obituary, published in a local newspaper? He said, “The report of my death was an exaggeration.” It’s...
FOMC Backs Stimulus Amid ‘Mixed Message’ on QE
Atlanta Federal Reserve Bank president Dennis Lockhart told Bloomberg TV’s Michael McKee today that Fed officials are committed to stimulus even as divergent views on...
Real Estate Stocks Get Ready to Bounce – SPG, HCP, O
Real Estate stocks and REIT’s have been crushed over the last two weeks. This has been a fantastic drop which has taken any investor who...
Is the Fed Squeezing the Shadow Banking System?
Some observers believe the Fed’s large scale asset purchases (LSAPs) are actually a drag on the economy. They note that the Fed’s purchases of treasuries...
Is Social Security Running Out of Money?
On Friday, the trustees for the Social Security and Medicare trust funds released their annual reports. A typical summary in the press is this one...
Tesla Motors (TSLA): Who Has the Squeeze Box?
The term “squeeze” is used rather imprecisely in financial markets. To me, the term means an exercise of market power in a financial market, usually...
String of Electric Car Failures Continues
My main issue with Elon Musk and Tesla is government subsidies. (An issue the WSJ shares, apparently. Though if commenter David Hoopes is right, they...
Market Forming Another Upper Pivot/Wedge
The upper pivot/wedge-type pattern continues to develop as the market digests massive 2013 gains. Last Thursday and Friday the down open was bought. Today the...