Sunday, August 22, 2010

Daily Markets - Some Examples Of The Unintended Consequences And Inefficiencies Of Stimulus Spending

Daily Markets - Some Examples Of The Unintended Consequences And Inefficiencies Of Stimulus Spending

Some Examples Of The Unintended Consequences And Inefficiencies Of Stimulus Spending

Posted: 22 Aug 2010 07:08 AM PDT

Some recent examples of the unintended consequences and inefficiencies of the $800 billion stimulus plan. 

1. Canada plans to close its side of a Saskatchewan-Montana border crossing that sees just five travelers per day — even as the U.S. side is undergoing an $8.5 million stimulus-funded upgrade. Canada's decision to close the Big Beaver Port of Entry on April 1 underscores the criticism leveled against the U.S. government spending more than $23 million in Recovery Act funding to … [visit site to read more]

Stock Picks For Monday 23 August: Sirius XM Radio, Intuit, Marvell Technology Group, Generex Biotechnology, Cell Therapeutics, Somaxon Pharmaceuticals

Posted: 22 Aug 2010 07:01 AM PDT

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Intuit (NASDAQ:INTU) broke resistance Friday, hitting a new 52-week high. Friday’s high of $44.85 is resistance for the continuation move. At this stage, the stock is too extended for additional positions, and is in the overbought zone. I really like the chart but at this level I would wait for a pull back before putting any cash to work. Keep the stock on your radar.

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Sirius XM Radio (NASDAQ:SIRI) continues to hold $.95 but trade in a narrow … [visit site to read more]

Intrade Odds Update: Gridlock In 2011

Posted: 22 Aug 2010 05:43 AM PDT

Current odds based on the last trade:

1. Republicans to control House: 70%

2. Democrats to control Senate: … [visit site to read more]

Hard Times Out West

Posted: 22 Aug 2010 05:29 AM PDT

“It’s getting that desperate here in California. The numbers are not telling the truth.”
In a YouTube video, “Desperate Americans Begin To Turn Houses in To Restaurants,” the National Inflation Association discusses the lengths to which many people in “The Golden State” are going in order to … [visit site to read more]
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