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02/09/2013 Weekend Update

kenttown
Posts: 211
Joined: Fri Jan 04, 2013 10:21 pm

Re: 02/09/2013 Weekend Update

Post by kenttown »

"Senate Democrats have been closing in on a plan that would put off sequestration with a combination of increased taxes on oil and gas companies and hedge-fund managers and spending cuts to defense and even farm programs."

So either we have sequester or tax hikes. Either one can't be good for stocks. SPX prob 1550 and beyond nonetheless.
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Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 02/09/2013 Weekend Update

Post by Cobra »

kenttown wrote:"Senate Democrats have been closing in on a plan that would put off sequestration with a combination of increased taxes on oil and gas companies and hedge-fund managers and spending cuts to defense and even farm programs."

So either we have sequester or tax hikes. Either one can't be good for stocks. SPX prob 1550 and beyond nonetheless.
Futures no reaction so far.

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johnnywa
Posts: 1030
Joined: Tue Aug 23, 2011 11:09 am

Re: 02/09/2013 Weekend Update

Post by johnnywa »

Cant find that article yet
uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 02/09/2013 Weekend Update

Post by uempel »

ES March 1516.75 at 5:00 a.m. :geek: This suggests that SPX is trying to push up to 1523/25
kenttown
Posts: 211
Joined: Fri Jan 04, 2013 10:21 pm

Re: 02/09/2013 Weekend Update

Post by kenttown »

Admission QE is a failure?

Obama to Propose Spending to Boost Jobs in State of Union

bloom.bg/Wb3WM8
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