Market News

[nnuut]

Nov. 29, 2011, 12:33 p.m. EST
The dead-cat bounce?

http://www.marketwatch.com/story/the-dead-cat-bounce-2011-11-29-1233280?link=MW_latest_news

 

[RealMoneyIssues]

The dead-cat bounce?

What bounces for no other reason than to bounce must come down...

Gravity works...

 

[nnuut]

Algorithms! :nuts:

 

[weatherweenie]

S&P has reviewed its credit ratings for 37 of the world’s biggest banks, cutting the ratings of several, including all of the Big Six.

http://blogs.wsj.com/marketbeat/2011/11/29/sp-downgrades-bank-of-america-morgan-stanley/?mod=WSJBlog

 

[RealMoneyIssues]

S&P has reviewed its credit ratings for 37 of the world’s biggest banks, cutting the ratings of several, including all of the Big Six.

http://blogs.wsj.com/marketbeat/2011/11/29/sp-downgrades-bank-of-america-morgan-stanley/?mod=WSJBlog

Well, I guess I am stuck in equities just a little longer as I am sure this will bring the market down...

 

[weatherweenie]

Well, I guess I am stuck in equities just a little longer as I am sure this will bring the market down...

I liked this statement in the blog...'as the financials lagged the market all day. Purely coincidental, I’m sure!' Comments were also interesting.

 

[RealMoneyIssues]

Global banks act to strengthen dollar swap lines

http://www.marketwatch.com/story/global-banks-act-to-strengthen-dollar-swap-lines-2011-11-30

 

[weatherweenie]

Payrolls Rose by 120,000, Unemployment Rate Drops to 8.6%

 

[jkenjohnson]

Run bulls run.

 

[travelingman]

Yeahhh 120,000 new jobs, yeahhh 8.6 % unemployment. Ok everybody lets make sure that Obama gets reelected with fudged numbers.., I’m sorry..,I digress, what was I saying? I’m sure none of those 120,000 jobs are temp holiday jobs...I’m sure now
all the long term investors can sleep at night knowing that the economy is well on its way to recovery.

 

[WorkFE]

If they are indeed temp holiday jobs they won't help anyone a year from now. Easy on the conspiracy liquids.:nuts:

 

[Intrepid_Timer]

I think these two charts tell it all....................

 

[Birchtree]

Darn, I wish I were smart enough to interpret the hidden meaning of those graphs.

 

[Intrepid_Timer]

Darn, I wish I were smart enough to interpret the hidden meaning of those graphs.

It's okay buddy, just keep buying....................

 

[Dutchy]

There goes the rally! The Hill newspaper reports that the GOP will block any effort by Obama to assist funding Euro Central Bank or any other broke country by the IMF not wanting tp put American taxpayers on hook the Euro zone debt problems...

 

[jkenjohnson]

There goes the rally! The Hill newspaper reports that the GOP will block any effort by Obama to assist funding Euro Central Bank or any other broke country by the IMF not wanting tp put American taxpayers on hook the Euro zone debt problems...

I can't decide if I hate the Republicans more than the Democrats or vice versa. What the heck, I hate both parties equally. Matter of fact, I hate all politicians.

 

[Show-me]

Local news reports that two thirds of large companies say they will not hire new workers in the next six months.

 

[SteelSaving]

Perhaps they need more tax breaks.

 

[Show-me]

Perhaps they need more tax breaks.

More like economic and political uncertainty, but businesses in Illinois are leaving or threatening to leave due to the increase in state tax. Here is how I look at taxing corporations, if you tax Oscar Meyer for making a profit on hot dogs and I buy their product, I am paying the embedded tax in the product and at the time of sale and I get to pay the local and state sales tax too. End user pays all of the corporate income tax. Corporations will always maintain their profit margin by passing on the additional tax cost to the end consumer. Higher corporate tax on any company you buy a product from is in essence a higher product cost to you the end user.

Corporations don't pay corporate income tax, the consumer does. Every time you raise the corporate income tax you raise the price of the end product, cars, carpet, lumber, food, energy, insurance, durable good, etc.

 

[Kaufmanrider]

More like economic and political uncertainty, but businesses in Illinois are leaving or threatening to leave due to the increase in state tax. Here is how I look at taxing corporations, if you tax Oscar Meyer for making a profit on hot dogs and I buy their product, I am paying the embedded tax in the product and at the time of sale and I get to pay the local and state sales tax too. End user pays all of the corporate income tax. Corporations will always maintain their profit margin by passing on the additional tax cost to the end consumer. Higher corporate tax on any company you buy a product from is in essence a higher product cost to you the end user.

Corporations don't pay corporate income tax, the consumer does. Every time you raise the corporate income tax you raise the price of the end product, cars, carpet, lumber, food, energy, insurance, durable good, etc.

Interesting, but that's how free markets work. We quit buying their product because it it too expensive, they either cut costs or cut profit to lower prices again to get back market share. Since they won't cut profits, they cut workers and benefits to keep prices down, and keep paying the higher taxes. It's a vicious cycle the free market.

But where does all the profit ultimately go? Obviously into someone's pockets, it's not all passed out as dividends. That's who we need to tax.