Fewer jobs claims now week in, week out. And old man winter is almost gone, so U.S. economy picks up with Spring approaching, Ukraine old news and Yellen to end Quantitative Easing by end of year. Oh and watch interest rates rise and gold sinks.
and all we are looking at with Russia is sanctions. Could be weak sanctions or strong sanctions but neither U.S. or Europe will put boots on the ground in Ukraine. Furthermore, gold buying in China will slow down big time as gold starts to had back down to sub $1200 level, maybe lower.
This week, Capital New York reported that a bill is currently making its way through the New York State Legislature that would explicitly prohibit the direct sale of vehicles from automobile manufacturers to consumers. If passed (and it looks likely), it would present a major blow to Elon Musk and Co., since direct sales are how Tesla moves the vast majority of its vehicles. Writes Scott Waldman (emphasis added):
No Hacker.boob there are now five states to ban Tesla from selling there over hyped, over priced, battery smoking car and you left out Colorado and Virginia. New York is also in the process of banning Tesla auto sales in that state and so are other states across the fruited plain. Tesla I'm afraid is "dead man walking" now and should hit $210 or low come Friday.
The New Jersey Motor Vehicle Commission voted Tuesday to ban the electric car maker from directly selling its automobiles to the public in New Jersey. New York lawmakers are currently debating similar language intended to drive Tesla out of the state. And it appears New York lawmakers will follow New Jersey's action and restrict the sales on Tesla auto throughout the state of New York.
and we all know Zynga now has the stronger management team of the two company and by far the stronger CEO. If Candy Crust IPO opens $21 to $24 look for Zynga on the day CC goes live to pen $12 plus. And as we go forward after Candy Crush IPO, Zynga stock will climb since the San Francisco based company will eventually over take Candy Crush as the leading in online gaming.
There are currently 9 million people living in N.J. who in April will not be allowed to buy Tesla electric cars. That ban will stay in effect for years, if not decades. So even the younger generation in N.J. who in ten years might have enough pennies saved to buy a Tesla electric car won't be able to. Then throw in the millions of customers in Texas, VA, Arizona, Colorado who are also banned from buying Tesla cars and you start to see a huge tsunami coming directly at Tesla. We're talking millions of potential car buys restricted from buy Tesla cars. Then throw in Michigan, New York, Illinois, PA, and other states and you start to wonder in a year or two if Tesla will even be around.
Tesla losing market share and potential customers as each day goes bye, but longs can't see the forest for the trees.
Thanks - all good replies but how much longer can old man weather be a Fed excuse? QE Credit - market is addicted to QE but its on the way out. Not today or next month but the Fed will stop the money printing presses. Market is forward looking so don't tell me its all excited about future QE Credit. Board seems to think Ukraine is a non-event. Maybe so since we do any business with Ukraine and not much (compared to Europe) with Russia. But just think how much Uncle Sam has to start paying for increased military/intelligence cost if Russia starts power plays for other neighboring countries. U.S. Fed Deficit will be over 20 trillion if Russia is successful talking over a large portion of Ukraine, since Putin has an appetite for more Russian aggression.
Lastly, if we only get 90,000 - 110,000 job number tomorrow (or around that) Market tanks big time. And I don't see how the Fed can do much if U.S. economy starts to fall back since Bernie used all the bullets. Guess we find out tomorrow which way this crazy stock market is going.
Factory order came in this morning below expectations. Another sign the U.S. economy is stalling or slipping back.
Tomorrow job numbers are supposed to be ugly - maybe due to winter weather. But ugly is ugly and the trend over the last several months has been very disappointing.
Russia in full press to take over parts of Ukraine and Europe sleeps. Putin won't stop after getting a chuck of Ukraine so Germany better wake up or start smelling Vodka in East Germany again.
Yellen says she plans to taper on, but many think she will be forced to taper on or look like a complete "DOVE".
So why is Spy and Dow up today when overall financial news is lousy?
and we all know Russia probably won't back down, but I also don't think Obama or Europe backs down. Even if no boots on the ground world financial markets will roil as Russia moves further into Ukraine and Europe, the U.S. and other allies put severe restraints on Russia economy. There will be blood spilled in Ukraine I'm afraid but in the end Russia economy could be in smolders.
The question is "does Europe have the balls" to do it?
Agree - One two punch coming Monday. Russia will have 20,000 plus troops in Ukraine and half the U.S. will be frozen. I mean bitter cold across the fruited nation. But Russia is the big news and if they get part of Ukraine, which neighboring country do they take over next. Obama takes action or the old USSR comes back very quickly.
so might be a good time to jump on the Zynga train for the ride up.
Shares of Zynga (ZNGA) soared more than 7% to fresh 52-week highs on Tuesday morning after UBS (UBS) upgraded the mobile games maker to “buy” on “renewed growth and margins.” The brokerage, which raised its outlook from “neutral” and raised its price target on the “Farmville” maker’s stock to $6 plus.
Best to sell your losing stock position in FB during prehour trading or very early this morning, since stock could hit $64 today and possibly sub $60 tomorrow.
That's why their system crashed on Saturday. Of course most of the employees at Whatsapp no longer care about customer satisfaction, since they are all multimillionaires now, with little interest in performing the mundane daily chores at the Mountain View headquarters.
"Amount of people"? What kind of terminology is that? "Amount of people"? DUH
It's "Number of People" - Bone Head.
and down the stock goes come Monday.
Friendship shouldn’t be confused with pseudo-friendship, or “utility relationships” which fade away as soon as the “utility” is no longer there, as discussed in a previous piece. That could explain why people are turning from noisy networks like FB to the smartphone book. “Weary of noisy social networks filled with mundane updates from the most remote acquaintances, millions of people have turned to their smartphone address books—and the diverse array of messaging services that rely on them, like Snapchat, Secret, Kik and WhatsApp—for more intimate connections,” writes Jenna Wortham of New York Times.
Also, acquisitions further end up being dilutive to existing stockholders when paid with the issuing of new stock — that’s how Cisco ended up with close to billion shares. FB now seems to be another Cisco trying to buy its way out of one very deep hole.
Short term and long term Facebook and its over priced stock look ready to tumble due to company mismanagement, declining customer usage and crazy 19 billion dollar deals for small companies that lose money. Sometimes you have to see the forest for the trees and in the case of FB, the train wreck coming before the train rounds the curve.
Thanks - buy low and sell high. FB is at all time high so stay away since its ready for a 20% correction at any time. Especially when the CEO spends 9 billion more then he had to for a company that made 20 million last year. What a JOKE