Friday could be a tense day for markets, as a resolution to the "fiscal cliff" appears less likely in the final trading days of the year. Stock futures fell sharply Thursday evening after House Speaker John Boehner said he failed to mount support for his "Plan B" version of a bill that would raise taxes only on families earning more than $1 million, a plan already opposed by the White House. GOP leaders said the House would not take up any other votes until after Christmas,
Comments: Mayans taking big losses on shorting the apocalypse. Could be an ugly day tomorrow.
The stock market is worth watching because they´re getting insider reports on what´s eventually going to happen.You know investment advisers are being sued now if they give bad advice and somebody loses money.I can imagine lawsuits fling if there´s a crash simply because Obama´s stuck on stupid with his demand for the 3% on suckers making $200,000.
If there is a crash,I hope it´s Obama´s supporters and donors who take the haircut.
This is a great time to be poor so you don´t have to worry about this stuff. There´s no such thing as falling out of a basement window.
Somehow this will be another case of not letting a crisis go to waste and Obama and his heathens will exploit it for all it´s worth.
I monitor the Dow futures every night like a hawk. THe changes are usually +/- 40 points or so. Earlier this evening we were down -300 points. If that scales up accordingly, we could easily see 400-500 point drop tomorrow. I don´t think that will be the end, either. Tell me why it should be going up -- there´s only one reason for positive movement these days, and that is the massive money printing going on at the Fed for the clear (but hidden) purpose of propping up the stock market for the benefit of Obama´s negotiating strength. If the market finally realizes the sham that is being perpetrated, we could see many 500 point losses in a row.
This whole fecal cliff Mumbo Jumbo is a stupid media creation. If the Bush tax cuts expire as Dear Leader and the virginal "conservatives" so desire, Barry will just scold the evil GOP for not playing ball and then pass a "massive" tax break. Historians will refer to it as the "Dear Leader tax cuts"...but at least the spitwad boys will have their revenge against John Boehner. How dare he remove anyone from committee chair without Mark Levin´s approval?
Wall Street seems to invest quite a lot of faith in the intentions of Barack Obama. If so, it is pure madness, making into a joke any so-called knowledge they may have about economics and markets. True economics is the diametric opposite of political correctness - if Wall Street doesn´t know that, it knows nothing.
When “Plan B” failed why didn’t Boehner bring up a simple bill to extend the Bush tax cuts for everyone for another 2 years, lower the corporate tax rate, abolish the AMT and for good measure, even tho not many of us would have liked it, extended unemployment for another year? The Republicans could have made the democrats own this thing, but they didn’t even try.
The Dow was jittery yesterday early on but then closed up.
If we go "over the cliff" and go back to Clinton era taxes, the Dims will be the first to deny that this is a tax increase, though that is exactly what it will be. And they will on the other hand blame the Pubs that everyone will be paying more taxes. We will all be paying more taxes, no matter who we are.
The Wall St Journal gave a clue recently that they were hoping for a corporate rate cut if they went along with some personal rate increases. This is the real disunity on the right which is playing into the Obama agenda. You throw scraps to the monster hoping he will be satisfied and not eat you. It doesn´t work and it makes little difference in the end because it is still money taken from the private sector to be wasted in the bloated public sector. If we want to unite the right it is here that we should do it not to save the cry baby speaker.
After Jan, being poor will be less attractive. In order to keep the Bush rates in effect, the GOP allowed Obama to put refundable credits in the tax code such that people working at pay levels below targets actually received a government check each month. That will end and increase revenue 27 billion in 2013. The Middle Class tax hikes will bring in 179 billion. The other expiring non-rich cuts will bring in 84 billion. Finally, the increase on the rich will bring in only 42 billion. The Dems have spun the Bush tax cuts as only affecting the rich. Their supporters are going to find out just how wrong this is in mid-January.
Central Standard Time is what counts and the 23rd could be the day. Of course it has naught to do with the End of the World. Sheesh. We have 5 dead days for calendar adjustment every 50 years. Party like a MAYA! At the end of those 5 days we need a beautiful and noble woman to be stripped, humiliated, flayed and devoured. The priests shall tap passers-by with her shin bones for luck while wearing her skin. Sound like a fun party? Modern man is weak.
DAMASCUS, Syria — Syrian government forces backed by Lebanese Hezbollah militants forged ahead with their assault on a key rebel district in the central city of Homs Sunday, activists said, as President Bashar Assad’s forces try to crush resistance in the few remaining opposition-held neighborhoods in the city known as the ‘‘capital of the revolution.’’ The push on Homs is part of a broader government offensive on rebel-held areas that has seen regime troops retake some of the territory they have lost to opposition fighters in Syria’s more than 2-year-old conflict.
Egyptian military officials said Saturday that the army has prohibited ?fishing boats from operating off the coast of the Sinai peninsula near the Gaza Strip until further notice. According to the officials, the purpose of the move, which has been implemented since Thursday, is to prevent Palestinian Jihad terrorists from infiltrating Egypt via the Mediterranean Sea. According to a source in the Egyptian army, Ynet reported, the success in the closing off of smuggling tunnels on the Egypt-Gaza border has lead to infiltration attempts ??by boat. Recently, the source added,
Cairo - Egypt´s high command said on Wednesday the army was ready to die to defend Egypt´s people against terrorists and fools, in a response to Islamist President Mohamed Mursi that was headlined "The Final Hours". The post on the official Facebook page of the Supreme Council of the Armed Forces (SCAF), headed by armed forces chief General Abdel Fattah al-Sisi, said: "We swear to God that we will sacrifice even our blood for Egypt and its people, to defend them against any terrorist, radical or fool." Issued three hours after Mursi appeared on television to reject an ultimatum from
(NICOSIA) - The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests, but banks will remain closed until Thursday - and even then subject to capital controls to prevent a run on deposits. Returned from fraught negotiations in Brussels, President Nicos Anastasiades said late on Monday the 10-billion euro ($13 billion) rescue plan agreed there in the early hours of the morning was "painful" but essential to avoid economic meltdown. He agreed to close down the second-largest bank, Cyprus Popular, and inflict heavy losses on big
The United Nations will launch an investigation into Syrian claims that rebels used chemical weapons against its troops, even as U.S. officials told CNN Thursday that initial intelligence reports suggest no such weapons were used. The announcement follows days of claims by the Syrian government and rebel that the each used chemical weapons against the other side, allegations that have raised concern the ongoing civil war had entered a new, more deadly phase. U.S. President Barack Obama and other American officials have said in recent days there was no evidence to substantiate the reports that
Stocks turned lower in choppy trading Tuesday, with the euro tumbling to its lowest level since November, amid worries that Cyprus will reject its bailout plan. The Dow Jones Industrial Average turned lower, dragged by Caterpillar. If the blue-chip index closes lower, it will log its first three-day losing streak this year. The S&P 500 and the Nasdaq also tilted lower. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped near 15. Among key S&P sectors, consumer staples held modest gains, while energy slumped.
Cyprus´ embattled president was on Sunday in talks with Brussels and political rivals to ease the terms of a planned levy on smaller deposit holders as he tried to scrape together a parliamentary majority for a €10 billion bailout for the debt-laden island. President Nicos Anastasiades is still intending to raise €5.8 billion from Cypriot bank accounts to help fund the bailout, an unprecedented move by the eurozone that could yet spark wider concern about the safety of bank deposits in the bloc. Cypriot authorities were weighing an additional bank holiday on Tuesday pending emergency parliamentary ratification of the deal which would
New York — The anchor who might beat Bill O’Reilly gets her eyelash extensions applied one at a time, with tweezers and dabs of glue, about 90 minutes before showtime, right after a motorized gun sprays foundation over her face, neck, shoulders, collarbone and sternum, wiping out a galaxy of light freckles that spreads across her — Let me stop you right there. Photos of the day Uruguay legalizes marijuana, Kiev police pull back from protesters, aging U.S. prison population and more. Tuesday´s Photos of the day Would you write this way about a man? About O’Reilly himself? At least that’s what Megyn Kelly might ask at
When I was a kid, I knew two different Santa Clauses. The first had a fat belly, rosy cheeks, a long white beard, and skin as pink as bubble gum. He was omnipresent, visiting my pre-school and the local mall, visible in all of my favorite Christmas specials. Then there was the Santa in my family’s household, in the form of ornaments, cards, and holiday figurines. A near-carbon copy of the first one—big belly, rosy cheeks, long white beard: check, check, check. But his skin was as dark as mine. Seeing two different Santas was bewildering. Eventually I asked my father what
US President Barack Obama may have moved the masses attending Nelson Mandela’s memorial service with his stirring eulogy, but it was his grinning "selfie" with the Danish and British premiers that set social networks abuzz. In a candid moment captured by a photographer, Denmark’s Prime Minister Helle Thorning-Schmidt can be seen holding up her smartphone, with Obama lending a helping hand, as they pose for a picture with David Cameron, all three of them smiling broadly in their seats at Soweto’s World Cup stadium.(Snip)Mashable, the news and technology website, ran the photograph under the headline: ‘‘Dear Obama: Funerals are no place
In August 2013 I became very sick with what I thought was a cold. After a few days I lost vision in my left eye and I checked into the hospital. I soon found out that what I thought was a summer cold was actually Strep bacteria poisoning my blood stream. The bacteria blinded my left eye, ate a hole through my heart, caused five strokes on both sides of my brain and forced the removal of my prosthetic left knee. Dr. Lee was the surgeon assigned to perform open heart surgery. What was originally scheduled to last four hours ended
Johannesburg - A man who provided sign language interpretation on stage for Nelson Mandela´s memorial service, attended by scores of heads of state, was a "fake," the national director of the Deaf Federation of South Africa said on Tuesday. Asked about the claim by The Associated Press, South Africa´s government said it was preparing a statement. Three sign language experts said the man was not signing in South African or American sign languages. South African sign language covers all of the country´s 11 official languages, according to the federation. It wasn´t immediately clear if the unidentified man was using a
House Speaker John Boehner (R-Ohio) snapped at conservative groups that have come out in opposition to the budget deal reached Wednesday between Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.). "They´re using the American people for their own purposes. This is ridiculous," Boehner said at a press conference with other members of House Republican leadership on Wednesday. Over the past few days, a number of conservative groups have blasted the deal because it sets discretionary spending levels in the budget higher than previous levels under sequestration. In the past three days, the influential Heritage Action, Club for Growth, Americans
President Obama’s job approval among American voters has dropped to negative territory with just 38 percent voicing their approval versus the 58 who says they disapprove, according to a national poll released Tuesday by the independent Quinnipiac University. That is one percent less than the 39% who said they approved of him in last month’s poll. The majority of the 2,692 registered voters the University in early December said that the president is not honest and trustworthy. When asked, “Do you approve or disapprove of the way Barack Obama is handling his job as President?,” respondents gave Obama lackluster ratings