California Runs A Budget Surplus; Politicians Want To Spend It!
Just when you thought the politicians in California couldn’t possible get dumber, it happened again.
— Todd Horwitz
Will Washington Make $445 Billion More Than Expected?
Funny accounting numbers and the Politicians in Washington go hand in hand. I doubt you’ll remember this, but in the 2000 presidential election the candidate’s debates actually focused on what they were going to do with all of the extra money they were accumulating.
— Todd Horwitz
This Is What Happens When Traders Can’t Find Yield
Investors are constantly looking for yield. They roam the worlds markets for the next great idea, if they can’t find one, the guys on Wall Street will usually come up with an idea that always makes sense.
— Todd Horwitz
Will TARP Finally Payback The American Taxpayer?
In the gloomy fall of 2008, when the US and world financial system came under the greatest strain since the Cotton panic of 1837, the politicians came up with an idea to save the economy. It was called TARP and it stood for Troubled Asset Relief Program.
— Todd Horwitz
The Irrationality Of The Markets
The rally continues on as the markets are in pure idiot mode. The markets have been up 13 out of the last 16 days, as well as 4 of 5 days last week.
— Todd Horwitz
“Compliance Cars”: Another Reason California Is Broke!
It’s time to pick on California again.
Last week we talked about how California has effectively legislated its way out of the Crude Oil market. Liberal legislators are driving out the tax base in record numbers and the way to solve that problem…you guessed it, raise taxes on those who stay!
Now auto makers are at the mercy of the morons from Sacramento. They are being required to build cars no one in their right mind wants to buy, and the few that are sold are being done to satisfy the states rigid clean air acts. They are referred to as “compliance cars”.
Continue Reading at Average Joe Options
— Todd Horwitz
No-One Told The Markets They Need A Correction
The powers that be forgot to tell the markets a correction was in order as once again new highs are made and selling pressure is a memory. The market’s ability to ignore all bad news is uncanny as they continue to push higher. For the 12th time in 14 sessions the markets moved up.
— Todd Horwitz
Next Stop, The Moon?
Another day, another new high, the markets have gone parabolic as the rally continues. There’s no stopping this rally, it will probably never go down again. The bulls can’t get enough as they buy until their hands bleed.
— Todd Horwitz
Why California Is Broke And Texas Is Thriving!
Two of the biggest states in the Union are at the opposite end of almost everything. The only thing they have in common is probably the thing that separates them most. Oil.
— Todd Horwitz
New Highs As Jobs Number Beats Expectations
Last week was quite the week for the markets; four out of the five days were higher. The only fly in the ointment was Wednesday, when the markets were under pressure from open to close. Friday was a breakout day as all markets with the exception of the Transports broke to new highs.
— Todd Horwitz
