Saturday, October 22, 2011

DailyMarkets.com - Earnings – 3M, Boeing, Caterpillar, Chevron, Deutsche Bank, DuPont, ExxonMobil, Ford, P&G, Merck, Netflix, UBS, Visa; US GDP, Durable Goods Order, New Home Sales, Pending Home Sales, Consumer Confidence, U. Of Michigan Consumer Sentiment

DailyMarkets.com - Earnings – 3M, Boeing, Caterpillar, Chevron, Deutsche Bank, DuPont, ExxonMobil, Ford, P&G, Merck, Netflix, UBS, Visa; US GDP, Durable Goods Order, New Home Sales, Pending Home Sales, Consumer Confidence, U. Of Michigan Consumer Sentiment


Earnings – 3M, Boeing, Caterpillar, Chevron, Deutsche Bank, DuPont, ExxonMobil, Ford, P&G, Merck, Netflix, UBS, Visa; US GDP, Durable Goods Order, New Home Sales, Pending Home Sales, Consumer Confidence, U. Of Michigan Consumer Sentiment

Posted: 21 Oct 2011 09:00 PM PDT

10/22/11 All eyes will remain on the Euro-zone and the region’s handling of the sovereign debt crisis. Earnings and key data releases will also be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Its The Euro Stupid

Posted: 21 Oct 2011 08:51 PM PDT

Stocks are a Euro plaything. To put it nicely.

According to Clark Yingst, chief market analyst at Joseph Gunnar, the relationship between the dollar and the euro is the market tell of 2011, dominating the tape to the point that other fundamentals are being all but ignored. Yingst says the ratio is getting whipsawed by “the latest reports and rumors emanating from Europe and that’s the indicator of the direction U.S. stocks are going that day”.

COMMENTS:
- The Dollar break out could have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Flat-Tax Fraud, And The Necessity Of A Truly Progressive Tax

Posted: 21 Oct 2011 06:01 PM PDT

Herman Cain's bizarre 9-9-9 plan would replace much of the current tax code with a 9 percent individual income tax and a 9 percent sales tax. He calls it a "flat tax."
Next week Rick Perry is set to announce his own version of a flat tax. Former House majority leader Dick Armey – now chairman of Freedom Works, a major backer of the Tea Party funded by the Koch Brothers and other portly felines (I didn't say "fat cats") predicts this will give Perry "a big boost." Steve Forbes, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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