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Re: 02/09/2013 Weekend Update
Posted: Sun Feb 10, 2013 10:47 pm
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.
Re: 02/09/2013 Weekend Update
Posted: Sun Feb 10, 2013 11:20 pm
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.
Re: 02/09/2013 Weekend Update
Posted: Mon Feb 11, 2013 12:36 am
by johnnywa
Cant find that article yet
Re: 02/09/2013 Weekend Update
Posted: Mon Feb 11, 2013 5:58 am
by uempel
ES March 1516.75 at 5:00 a.m.
This suggests that SPX is trying to push up to 1523/25
Re: 02/09/2013 Weekend Update
Posted: Mon Feb 11, 2013 8:34 am
by kenttown
Admission QE is a failure?
Obama to Propose Spending to Boost Jobs in State of Union
bloom.bg/Wb3WM8