Politics Barack Obama

  • Barack Obama

    Over the weekend, President Obama unleashed a fusillade of economic proposals meant to not only raise the nation's hopes of economic recovery (just around the corner), but also to raise the flagging poll numbers of the Democratic party.

  • President Barack Obama

    It’s all midterm-election politics, but Obama’s last-minute idea for 100 percent tax write-offs for corporate investment is, in fact, a good idea.

  • How long can this last? Not only is the CBOE Volatility Index (VIX) down to its lowest levels since May, but the Trin has been below 1 for almost the entire 3 trading days of the current month. A Trin below 1 indicates that more volume is going to stocks on the upside versus stocks on the upside; in other words, upside momentum.

  • President Barack Obama

    With Congressional Democrats facing a November shellacking, President Obama is floating new programs to aid troubled homeowners and create jobs that will prove costly and ineffective.

  • President Barack Obama addressing a town hall in Elyria, OH.

    As part of his emerging program to jolt the economic recovery, President Obama will call for allowing businesses to deduct from their taxes through 2011 the full value of new equipment purchase, the NYT reports.

  • Foreclosure

    When prices are lower, some experts argue, buyers will pour in, creating the elusive stability the government has spent billions upon billions trying to achieve. The New York Times reports.

  • It is time to take some risk off the table following a very strong start to September, according to Robin Griffiths, a technical strategist at Cazenove Capital in London.

  • The ISM Services index for August, at 51.5, was below expectations of a gain of 53.0. And Pres. Obama made no mention of any further tax cuts in his speech...

  • Double dip: off the table? The action of the markets — stocks, bonds, and commodities — in the past three days indicate that a double dip is far less likely. Are other issues off the table?

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    Investors are not playing the stock market game with confidence like they used to, mainly because the game of making money has gotten tougher and more volatile since the financial crisis. Retail investors are buying fewer stocks.  Instead, they're moving into safer investments, like cash and bonds.

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    The White House is looking ahead to the end game on the coming legislative battle on tax policy and is moving toward setting a “tax trap” to get its way.

  • S&P futures popped 10 points on nonfarm payrolls. August nonfarm payrolls, at minus 54,000, much better than expectations of a loss of 120,000, private payrolls up 67,000, also better than a gain of 44,000 expected. Also helping futures: a large revision to July, now a loss of 54,000 jobs, down from an earlier estimate of a loss of 131,000 jobs.

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    I heard a great interview this morning on NPR with Rod Beckstrom, co-author of the book, The Starfish and the Spider: The Unstoppable Power of Leaderless Organizations. The management book came out in 2006 but it’s back in the news now because it’s apparently a hit with the Tea Partiers.

  • Uncle Sam and money

    In a Wall Street Journal opinion, former Treasury Secretary Rubin appealed for the reinstatement of the "Death Tax" because more revenue is needed to support government spending (no mention of spending cuts).

  • With two catalysts pushing oil stocks lower Thursday, the traders looked at how you should play the space.

  • President Barack Obama

    President Obama is playing “Watch the Birdie” with Americans over the age of 50, diverting their attention with handouts and scare tactics to hide in plain sight the enormous damage his policies are doing to the retirement safety net.

  • August same-store sales better than expected. Maybe those tax-free sales days made a difference: 17 states had at least one tax-free weekend in August, up from 13 last year, including big states like Florida, Illinois, and Massachusetts, and it looks like they made a difference.

  • Unemployment

    Make no mistake about this: Businesses, at least the publically owned ones, are in very good shape. U.S. firms scored a record $1.2 trillion in profits during the second quarter and are sitting on roughly $2 trillion in cash. Our private-sector companies are resilient, and they have recovered significantly from the economic plunge.

  • Donald L. Kohn

    The Fed's efforts to stabilize credit markets during the financial crisis didn't create a "moral hazard" where Wall Street can count on being bailed out, retiring Fed Vice Chairman Donald Kohn told CNBC.

  • We will be closing right near our highs for the day Wednesday...there are Market on Close Buy orders right across the board.