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.
Reply 6 - Posted by:
Country Boy, 12/21/2012 3:40:05 AM (No. 9077109)
OK Alex, I´ll take "Recession in 2013 for a thousand".
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
President Assad Bashar is running out of government troops to fight off rebels, a new report detailing the Syrian leader’s recruitment effort suggests. A Sunni cleric close to Mr. Assad — grand mufti Sheik Ahmad Badr al Deen Hassoun — has issued a decree for more military recruits, The Guardian reports. The decree suggests a dire need; if volunteers don’t step up, the government may start enforcing its compulsory service authorities, The Guardian says.
JERUSALEM — An influential Republican senator has called Jerusalem the capital of Israel, taking a stand on an explosive issue between Israel and the Palestinians. The fate of Jerusalem is one of the most intractable issues in the Mideast conflict with both Israelis and Palestinians claiming rights to the city. In his first official visit to the country, Florida Sen. Marco Rubio told Israel’s president on Wednesday that Jerusalem is “of course the capital of your country.” He reiterated America’s bipartisan support for Israel.
Iran and Hezbollah, its Lebanese proxy, are building a network of militias inside Syria to preserve and protect their interests in the event that President Bashar al-Assad’s government falls or is forced to retreat from Damascus, according to U.S. and Middle Eastern officials. The militias are fighting alongside Syrian government forces to keep Assad in power. But officials believe Iran’s long-term goal is to have reliable operatives in place in the event that Syria fractures into separate ethnic and sectarian enclaves. A senior Obama administration official cited Iranian claims that Tehran was backing as many as 50,000 militiamen in Syria.
The main purpose of US President Barack Obama´s visit to Israel in the spring is to warn Prime Minister Binyamin Netanyahu against attacking Iran, unnamed officials told Army Radio on Sunday. According to the officials, the urgency of the trip is because in his speech to the United Nations in September, Netanyahu had flagged the spring of 2013 as a significant time in the context of the Iranian nuclear threat. Therefore, they said, Obama is concerned that the prime minister will decide to attack Iran now when he is backed by
(Jerusalem) - A research center that Syria said had been hit by an Israeli air strike last week appears to have remained unscathed in the attack, according to satellite images broadcast by Israeli television on Wednesday. Diplomats, Syrian rebels and security sources said Israeli jets had bombed a convoy near the Lebanese border last week, apparently hitting weapons destined for the Lebanese militant group Hezbollah, which fought a 34-day war with Israel in 2006. Syria denied the assertions, saying the target was the Jamraya military research complex on the northwestern fringes of Damascus, 8 miles from the border.
The owner of a shop in Zurich where US talk show host Oprah Winfrey says she encountered racism has called the incident a "misunderstanding". Winfrey, one of the world´s richest women, claimed an assistant refused to serve her in an upmarket handbag shop. She was apparently told one of the bags on display was "too expensive" for her. Shop owner Trudie Gotz told the BBC that Winfrey was "absolutely allowed" to look at the $35,000 (£22,500) bag, which was kept behind a screen. "My salesperson wanted to give her the handbag in her hand. But she didn´t want
Last month we learned that Megyn Kelly was leaving her daytime anchor gig to take over a Fox News primetime slot. According to an “exclusive” Drudge Report flash this afternoon, that time slot will be 9 p.m. ET. “Superstar newswoman Megyn Kelly has landed the 9 PM slot, top sources reveal,” the Drudge Report wrote. “The shock announcement is set for later this month.” Fox’s 9 p.m. hour is currently helmed by Sean Hannity, leading to speculation over whether he could be out of a primetime gig. There are many possible outcomes from this lineup change,
Retired 68-year-old US Army general and former NATO Supreme Allied Commander Wesley K. Clark has won yet another esteemed decoration — he is dating 30-year-old Shauna Mei, the founder of online retailer AHAlife.com. Clark, who was married to Gertrude Kingston Clark for 45 years before filing for divorce last year, is spending time with the young New York-based entrepreneur, who graduated from MIT and worked at Goldman Sachs as an investment banker before launching her luxury e-commerce site. Clark and Mei were spotted together recently in the Hamptons,
Nanny State: If any question remained about the Obama White House´s appetite for running everyone´s life from Washington, it should be settled now. This administration even wants to dictate neighborhood makeup. Like your neighborhood? Don´t get used to it. The Obama Department of Housing and Urban Development might decide it wants to dictate changes. HUD is, according to Fox News, considering "a new rule that would allow the feds to track diversity in America´s neighborhoods and then push policies to change those it deems discriminatory." The proposed rule, disclosed last month by HUD Secretary Shaun Donovan at
In a remarkable admission that is likely to rock the Internal Revenue Service again, testimony released Thursday by House Ways and Means Committee Chairman Dave Camp reveals that an agent involved in reviewing tax exempt applications from conservative groups told a committee investigator that the agency is still targeting Tea Party groups, three months after the IRS scandal erupted.. In closed door testimony before the House Ways & Means Committee, the unidentified IRS agent said requests for special tax status from Tea Party groups is being forced into a special "secondary screening" because
“IQ is a metric of such dubiousness that almost no serious educational researcher uses it anymore,” the Guardian’s Ana Marie Cox wrote back in May. It was a breathtakingly ignorant statement. Psychologist Jelte Wicherts noted in response that a search for “IQ test” in Google’s academic database yielded more than 10,000 hits — just for the year 2013. (Snip) There is a large discrepancy between what educated laypeople believe about cognitive science and what experts actually know. Journalists are steeped in the lay wisdom, so they are repeatedly surprised when someone forthrightly discusses the real science of mental ability.
The Clintons have decided to rent a different house in the Hamptons this summer after they only received a small portion of their security deposit back from the home they rented last year. The famous Democrats have been frequent visitors to the expensive summer getaway in Long Island, and rented the same beachfront house in 2011 and 2012. [Snip] When it comes to rentals in the Hamptons, many owners use the security deposits as a way to pay for the utility fees like heat and grounds-keeping charges. It should be little surprise then that the Lily Pond Lane home
WASHINGTON—The White House announced that President Barack Obama will award the Medal of Freedom, the nation’s highest civilian award, to 16 recipients including television star and businesswoman Oprah Winfrey, legendary Washington Post editor Ben Bradlee and former President Bill Clinton. “The Presidential Medal of Freedom goes to men and women who have dedicated their own lives to enriching ours,” Mr. Obama said in a statement released by the White House. “This year’s honorees have been blessed with extraordinary talent, but what sets them apart is their gift for sharing that talent with the world.”
Tonight, I went on Lawrence O´Donnell´s show, and Lawrence O´Donnell yelled at me. Or, rather, he O´Reilly´d at me. That O´Donnell interrupted and harangued and mansplained and was generally an angry grandpa at me is not what I take issue with, however. What bothers me is that, look: your producers take the time to find experts to come on the show, answer your questions, and, hopefully, clarify the issue at hand.
Justice: The wife of a Fort Hood survivor claims the Defense Department is "slapping victims with gag orders" and telling family members not to talk to the press following testimony in the trial of Nidal Hasan. One of the great scandals of the Obama administration has been its shameful designation of the Nov. 5, 2009, rampage at the Army base in Killeen, Texas, by Maj. Nidal Hasan as "workplace violence." It has only compounded the pain and suffering of the victims and their families who have now apparently been ordered to shut up about it.
Forty to 50 House Republicans will support immigration reform, Rep. Luis Gutiérrez (D-Ill.) predicted Thursday. Gutiérrez said many of the Republicans supportive of immigration reform don’t want to be identified, but he insisted they would support comprehensive immigration reform. “If they ask me today, go find those 40 to 50 Republicans, I’ll tell them I found them. I know where they’re at,” Gutiérrez said in an interview with Ed O’Keefe at The Washington Post.
President Barack Obama announced Friday afternoon that the White House will publicly release a summary of the legal authorities through which the National Security Agency conducts its controversial surveillance programs. ´Given the history of abuse by governments,´ he said, it is important to explain how such a program is managed, and - equally important - what it may not do. He described his working relationship with Vladimir Putin as ´candid´ and ´blunt,´ and seemed to dismiss concerns that the Russian president´s body language indicated a lack of willingness to work with the United States.