To: Keith Feral who wrote (42897) | 12/31/2012 3:23:12 PM | From: GROUND ZERO™ | | | Wow, that was some nice shake out this past week!!! Time for the rally and the January effect to kick in right on schedule!!! My model got me short in time for the sell off last Thursday, and now a new buy signal is sitting just above the market, this market will not rally without me on board!!!
GZ |
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To: GROUND ZERO™ who wrote (42898) | 12/31/2012 3:32:56 PM | From: Joseph Silent | | | Our picture will get clear only when we get past 1450, unfortunately. Until then, they
will stab us repeatedly and watch us bleed in confusion.
"Thru the corridors of sleep, past shadows dark and deep, my mind dances and leaps in confusion ......"
:) |
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To: sandeep who wrote (42887) | 12/31/2012 3:38:50 PM | From: Peace | | | You are preaching the same crap that people did when they kept doing cash out refi with house prices climbing. Keep running up the debt as long as we can party. At what point should we balance the budget, when we hit $50 Trilllion? |
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To: Keith Feral who wrote (42897) | 12/31/2012 3:41:38 PM | From: Brian Sullivan | | | McConnell: Agreement struck on tax portion of fiscal-cliff negotiations
thehill.com
By Alexander Bolton - 12/31/12 03:00 PM ET Senate Republican Leader Mitch McConnell (Ky.) announced Monday afternoon that he and Vice President Biden have agreed on the tax portion of a deal to avert the "fiscal cliff."
McConnell said negotiators are very close to a final deal, and urged his colleagues to decouple taxes from spending issues and pass a bill to shield the vast majority of people from tax increases.
“I can report that we’ve reached an agreement on all of the tax issues,” he said. “We are very, very close.”
Democrats and Republicans remain divided over what to do about $109 billion in automatic spending cuts to domestic discretionary and defense programs. Both sides agree the cuts should be postponed but cannot agree how to pay for that delay or whether to pay for it at all.
Democrats want any postponement of the debt ceiling to be paid for by raising taxes on families earning above $450,000 a year. Republicans say that is unacceptable. They say it should be offset with other spending cuts.
McConnell proposed moving ahead on the tax portion of the negotiation, which has been resolved.
“We all want to protect taxpayers and we can get it done now,” he said. “We’ll continue to work on finding smarter ways to cut spending, but let’s not let that hold up protecting Americans from the tax hike that will take place in about 10 hours, 10 hours from now.” |
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To: GROUND ZERO™ who wrote (42898) | 12/31/2012 3:42:01 PM | From: Keith Feral | | | DOW looks like it's ready to move back above 13K in January. DIA makes as much sense as anything else out there right now. No way the market moves higher unless the DIA picks up some slack. I'm looking at 13,413 from the September peak for resistance. |
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To: GROUND ZERO™ who wrote (42900) | 12/31/2012 3:48:12 PM | From: Keith Feral | | | 10 year yield looks like it has some upside potential. YOY, 2012 looks to finish lower by only 11 bp's - 1.87% vs 1.76% this year. |
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