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POPSFirst Trading Day of the Month Stock Market Pattern Another article about the monthly strength cycle. Most of the stock market gains happen on the first trading day of the month. Remember to thank Norm Fosback for coming up with this trading system. Kind of a shame it is hitting the media. It likely means it will stop working soon.
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POPS$SBUX Adds Bigger Size Drinks! Bigger cups. Bigger calories. Only 20-cents more! Belly up to the bar with your ever growing belly! They do make some great drinks, though!
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POPS$AAPL Stock Faces PE Multiple Compression What happens when a stock priced for perfection and unlimited upside receives unexpected news? Investors lose faith. I expect the stock will face PE multiple compression in the weeks ahead.
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POPSThe Illinois Tax Hike With Illinois facing a big budget deficit, state Democrats look to raise taxes on residents. Nobody likes to pay taxes, and it will be interesting to see what this does to jobs in the state. Making it more expensive to do business could mean companies look to expand or move elsewhere.
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POPSHonda to sell Natural Gas Civic What a fantastic idea. This burns much cleaner and you can fill it up in your garage. Neighbors will soon be paying $5-6 a gallon for gas. Great idea for the commute. And to reduce pollution and CO2.
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POPSLas Vegas Real Estate: It's a Desert! I don't know about the 2032 prediction. But unemployment is high in Nevada. I think an economic recovery will lift all boats, but it may be awhile until we see higher employment that leads to rising wages. And that's what we need to bring out home buyers looking to move up.
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POPSSix Straight Weeks of Stock Gains Yes, the economy is improving. But notice the last time we had this kind of streak in the markets. It was last April. The stock market made a temporary high in April 2010 before the Summer correction. Could we be near a stock market correction?
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POPSState Tax Hikes to Outshaddow Fed Tax Cuts? I was watching the news tonight about all of the states facing budget deficits. That's most of them, by the way. And the thought is that the states will have to do some combination of tax hikes and spending cuts to balance budgets. Yet, the government seems to be unable to cut spending, so they fall back on tax hikes. I give you Illinois.
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POPSCongresswoman Gabrielle Giffords Shot by an Idiot Unfortunately, six people died and Congresswoman Giffords was critically injured by an idiot today in Arizona. I just had to make a note of it to remember down the road. We often move quickly from day to day and forget the past. But this was completely senseless. Unfortunately, the man who did this does not appear to be in control of his senses. My prayers go out to the family and friends.
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POPSMarket up for Third Straight Week It will be difficult (not impossible) to get much downside traction through year end. But keep in mind that many of the growth (risk) stocks are seeing distribution.
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POPSThe Flubbed PAT by the Redskins I needed Tampa Bay to win for my office pool. No reason to be nervous on the potential game-tying extra point. It's the a Redskins. Their special teams were killing them all day long.. Alas. A bad snap. The placeholder couldn't grab it. Game over.
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POPSBernie Sanders Filibusters Tax Cut Deal I have an idea for Sanders, should he grow weary of filibustering with the usual liberal talking points. Back in the day, the real filibusters would go on for days and contain meaningless drivel. Respecting tradition, Sanders could give a pseudo-directors cut interpretation of The Chronicles of Narnia Voyage of the Dawn Treader. He then could note its underlying religious overtones, and discuss whether CS Lewis wrote the story from a Christian perspective or if Liam Nieson is right about Aslan and Co. having multi-religious overtones.
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POPSDo You Feel Blipped? (Oil Prices) Our friends in OPEC believe that the recent rise in oil prices is just a blip and not a trend. Wrong. The US economy is growing faster than folks think and demand for energy is increasing. More stimulus is coming and the dollar will weaken. China and India continue to grow, and their demand for energy will increase. Meanwhile, President Obama has shut down new US drilling. Blip my rear end. Disclosure: Long XOM
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POPSA SP500 Prediction from $JPM I hope you're taking notes! :) We are heading into a new year, and now is the time where folks will be asked to gaze into the crystal ball and forecast 2011. Everyone is guessing, of course. But here is one who takes a look at historical trends. So I thought it was worth noting. I will have mine, and reflect on some of the 2010 predictions in a few weeks!
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POPSThe Miley Cyrus Birthday Bong What happened to the simple tradition of blowing out the candles on your birthday cake? Well, our Hollywood stars live a different life than we do. But drug use leads us all down the same path. Better to avoid it and be healthy. This sends a poor message to our young and impressionable kids.
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POPSMadoff's Son Takes Life Pretty somber story today about Mark Madoff taking his life. My thoughts and prayers go out to his 2-yr. old son,
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POPS4th of July Bikini Here are some randoms for this 4th of July! Hope this finds everyone celebrating and having a great day!
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POPSHappy 3rd of July Hope this Saturday finds you celebrating. Here is a few quick links to some stuff on the web this 4th of July Eve.
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POPSUK: 77% Spending Cuts, 23% Tax Increases Here are the details on how the UK is dealing with their economic crisis and public debt. I suppose we've always thought that we should increase government spending and run deficits during tough economic times. But, we've been increasing government spending and running bigger and bigger deficits through good times and bad times. Hardly Keynesian, eh?
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POPSHome Sales Slip Surpises Economists off just a tad on home sales estimates. $$ They expected a 5% increase but there was a 2.2% decrease. The stock market rally off the lows has taken place with not much great economic news. Maybe this won't phase it, or maybe this is what the double-dippers are looking for as a catalyst to renew selling.
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POPSE-Readers React to iPad I've been using the $AAPL iPad to read books. It's heavy. But who wants to spend the cash on something lighter? Now, the other e-book readers are coming down in price making them an intriguing option. (For those of us who can never have enough technology...)
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POPSiPhone 4G leaked images: Apple craze is alive and well ($AAPL) The past few days, many tech sites are posting images of what they believe to be Apple's iPhone 4G. The past few years, many rumors and photos have hit the scene prior to the next product cycle. This year seems to be no different. The question mark I have on these images is buttons. Buttons on an iPhone? I am skeptical. Of course, I'm also keeping an eye on the rumor mill because my 2-year contract is ready for an upgrade...
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POPSGovernment "financial overhaul:" Aren't these the same folks who got us in this mess? Fannie Mae. Freddie Mac. Robert Rubin. Alan Greenspan. Larry Summers. Barney Frank. Chris Dodd. So I'm thinking that we had government forcing banks to make risky subprime mortgages. Of course, poor people don't have any money (which is why they're poor), so they're not going to pay back the mortgages. Goldman Sachs bundles these mortgages up, sells them, and bets on their failure. Well, duh; pretty smart by Goldman Sachs. If banks are forced to make bad loans, might as well fade that, right? Again, poor people don't have money. Yes, we need regulations and all. But the government making the new regulations also made the old regulations that forced banks to make risky loans. I don't know. Fox and the hen house, never good to be the hens.
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POPSiPad Fever: Let the Lines Begin! Well, I'm not in line. You? While it would be cool to have one, I'm not ready to carry a man purse around to carry the iPad. Much more looking forward to what the next iPhone can do or until the Sprint HTC Evo. Y'know?