billy, the obstructionist leaders had blinked and abandon ship. Only the mentally challenged wing nuts remain for now. Suspect the Koch Brothers will give them a call soon to cool off on debt ceiling and capitulate as well. The surrendered party is hoping for more disaster to hit Obamacare and focus their energy and money campaigning for Senate control in Nov election. Not a bad strategy in mho.
With the holidays upon us I'd like to share a personal experience about drinking and driving.
As you may know some of us retirees have been known to have brushes with the authorities from time to time on the way home after "social outings" with friends.
Last weekend, I was out for an evening with a bunch of old timers and had several cocktails, followed by some great red wine.
Feeling jolly, I still had the sense to know I was well over the limit. So I did something that I've never done before ... I took a cab home!
Sure enough on the way home there was a police road block, but since it was a cab they waved it past and I arrived home safely without incident.
This was a real relief and surprise because I had never driven a cab before. I don't even know where I got it, and now that it's out in the garage, I don't know what to do with it !
40% said starting this month, 40% in Jan 14 and 20% by Apr 14 latest.
So, either priced in or the traders think QE-tapering is nothing to fear other than home builders and bonds:
At the close
Dow -0.06% to 15874. S&P -0.31% to 1780. Nasdaq -0.14% to 4023.
Treasurys: 30-year +0.46%. 10-yr +0.29%. 5-yr +0.16%.
Commodities: Crude -0.4% to $97.38. Gold -1.13% to $1230.3.
Currencies: Euro +0.02% vs. dollar. Yen -0.35%. Pound +0.22%.
fraunch, 3.6 million fellow Americans turn 66 this past year and next. Vast majority will take Social Security and retire at 66. Before the boomers come of age, during Nixon and Ford years, demographics were similar to recent few years. The echo boomers are fewer in numbers outside of immigrants because of fear of global population explosion. Labor participation rates were as today's numbers. That's just how things go: people grows old and quit working.
billy, If Christie is up against Billary, my vote is on Christie. As I said many times before, we do not need another dynasty in the executive branch. Hillary had done nothing as a Senator or SOS other than self promotion while watching the world fell into more discourse, economically and politically.
billy, black, gender or white we don't care. Bin Laden was keeled, economy stablized (Ronald Reagan resided over 7% or more UE except 2 months from Jan-1981 to Oct-1986) and wars are about to end. $10^12 was spent so far on the wars. We can now redirect the money to rebuild and upgrade out infrastructure soon.
lang, Breaking Bad season one was in 2008, well before Obamacare's conception. As recounted in the news during that era, you either do something extraordinary to survive as Walter White did or file bankruptcy.
and reply to several posts, all dark...
anyway, year end window dressing and QE-tapering Fed watch.
Bad news from China and hohum PMI offset by Euro zone optimism:
Futures add gains after positive data
Euro +0.2% vs. dollar.
Crude +0.4% to $97.32.
Gold -0.02% to $1234.3.
Says a lot about our rotten system:
Sym Today Peak(Oct-07) Low(Mar-09) 401(K) EQ YTD Change
dow 15755.36 11.24% 143.52% 446 20.22%
nas 4000.975 39.94% 216.15% 561 32.50%
spx 1775.32 13.44% 166.25% 455 24.47%
hp 26.77 -49.94% 5.44% 201 87.86%
sym Last wk Today Week
dow 16020.2 15755.36 -1.65%
nas 4062.52 4000.975 -1.51%
spx 1805.08 1775.32 -1.65%
hp 27.7 26.77 -3.36%
sym Nov-end Today MTD
dow 16084.74 15755.36 -2.05%
nas 4059.886 4000.975 -1.45%
spx 1805.75 1775.32 -1.69%
hp 27.36 26.77 -2.16%
billy, We do not need another dynasty inside the White House. Hillary as a Senator and SOS showed she had nothing to contribute to USA and the World. People, both democrats and independents, voted for an unknown black man in 2008 as the Demo nominee was very telling.
You are one of those drivers without auto insurance right? What's a few days of jail time with free room and board right?
Recall that I was shocked to realize that at times HWP was selling products through the distributor at a loss ... they always get their 25% (or was it 30%?) middlemen fee:
BEIJING, Dec 12, 2013 - (ACN Newswire) - Avnet Technology Solutions, a solutions distribution leader and an operating group of Avnet, Inc. (AVT:$40.48,00$-0.63,00-1.53%) , , today announced that it is celebrating five years of value-added solutions distribution in China. Staffed by more than 200 dedicated employees, Avnet Technology Solutions, China has sales offices across the country and a manufacturing and integration services centre in Tianjin. Through its business partners, Avnet (AVT:$40.48,00$-0.63,00-1.53%) delivers services, software, hardware and related solutions from the technology industry's leading companies, including IBM, Oracle, HP and SAP, to the Chinese market.
"With the country's GDP projected to grow 7.5 percent in 2014 and strong support from the government in building the country's IT infrastructure, China represents a great opportunity for growth to Avnet (AVT:$40.48,00$-0.63,00-1.53%) ," said George Ng, vice president, Avnet Technology Solutions, China. "We remain committed to providing the resources, tools and services needed to help our customers and suppliers take advantage of new opportunities in China."
Avnet Technology Solutions, China, will focus on platform-related offerings, with business analytics, security and cloud as priority solutions for the Chinese market.
"Productivity, a knowledge-based culture, and the ability to draw from Avnet's (AVT:$40.48,00$-0.63,00-1.53%) global best practices and proven processes will enable us to grow and position the business for long-term success," Ng added.
billy, They are spending money on Obamacare with potential of 20 mil new customers as they are on Medicare Advantage which has many millions of existing customers but only less than 4 million new customers.
lang, thanks for the excerpt ... good to see him and Boehner refrain from pushing privatization of social security and medicare for the next two years.