Clik here to view.
So Apple ONLY Rallied 31% This Year
My colleague Sam Ro sums it up perfectly.Apple up 31% this year, the most disappointing 31% gain of all time.— Sam Ro (@bySamRo) December 31, 2012The stock ended the year with at 532.86, helped by a...
View ArticleClik here to view.
DAMODARAN: For Investors, The Goal Is Not To Minimize Taxes
At this point, it looks like capital gains taxes are going up tomorrow.For all investors, the rate will climb to 20 percent (after holding at 15 percent for the past decade). For investors with more...
View ArticleClik here to view.
MEANWHILE: Geithner Tells Congress That We've Technically Hit The Debt Ceiling
While the letter hasn't been uploaded yet, Pete Schroeder from The Hill tweeted that Treasury Secretary Timothy Geithner has notified Congress that the United States has hit the debt limit. Days ago...
View ArticleClik here to view.
Here Are The Potential Winners And Losers Of A Fiscal Cliff Patch Deal
Note: I wrote the following after watching the Prez on TV. His smiling demeanor and tough guy talk led me to believe that a “patch” on the cliff might happen. Four hours later, and that is not the...
View ArticleClik here to view.
Stocks Ended 2012 On A High Note We Haven't Seen In 38 Years
Stocks ended 2012 on a high note.In fact, today's rally in the S&P 500 was the biggest last day rally in 38 years.The folks at Bespoke Investment Group ran the numbers:SEE ALSO: The Ultimate...
View ArticleClik here to view.
Gold Is On A 12-Year Hot Streak
Gold prices edged higher Monday after President Obama said that a budget deal to avoid the "fiscal cliff" was in sight, if not yet complete. The advance capped a 12th consecutive year of gains.February...
View ArticleClik here to view.
AND NOW: Here Comes Another Huge Fiscal Cliff
A quick, obvious, and critical point: Assuming that all the reports are correct, and that a Fiscal Cliff has been agreed to, we now have a much bigger "Cliff" to deal with.The agreement today puts a...
View ArticleClik here to view.
A Quick Word Of Thanks To The US Congress... (Seriously)
A quick word of thanks is in order to the US Congress.They always take a ton of grief, so we want to give credit where credit is due.First, our brave Congressmen ruined their New Years Eve (while most...
View ArticleClik here to view.
HERE IT IS: Full Text Of The 157 Page Bill To Avert The Fiscal Cliff
Here it is. The full text of the: American Taxpayer Relief Act of 2012, AKA the bill to avert the Fiscal Cliff.Why is it a 157 pages?Because in addition to the tax and spending stuff, there's all kinds...
View ArticleClik here to view.
MAULDIN: Long-Term Economic Growth Has Downshifted, And It's A Game-Changer...
We are 13 years into a secular bear market in the United States. The Nasdaq is still down 40% from its high, and the Dow and S&P 500 are essentially flat. European and Japanese equities have...
View ArticleClik here to view.
18 Reasons Why Wall Street Loves Bridge
Poker's rise to prominence in the world of finance has pushed bridge, its more mature predecessor, from the limelight.There's a reason, however, why the best bridge players in the country are almost...
View ArticleClik here to view.
BIG Surge In UK Manufacturing
Nice number for the UK PMI, which surged to 51.4, from below 50.Analysts had been expecting 49.This is nice to see.Please follow Money Game on Twitter and Facebook.Join the conversation about this story »
View ArticleClik here to view.
The Hong Kong Market Had An Insane Day
The Hong Kong market had an insane move to start the year.The Hang Seng index rallied nearly 3%, rising virtually non-stop from the open to close.All markets are going nuts today on Fiscal Cliff...
View ArticleClik here to view.
Here's What Every Liberal Is Worried That Obama Will Do Next
Democrats aren't thrilled that taxes are only rising on those making $400K and above, as they had hope to see a rise on those making $250K.But it's a negotiation, and Obama didn't give up much else,...
View ArticleClik here to view.
The Egyptian Pound Is Getting Destroyed, As Banks Are Running Out Of Dollars
The Egyptian pound (EGP) came under further pressure again this morning (see earlier discussion), with the central bank no longer able or willing to maintain the previous currency peg. BBC: - The...
View ArticleClik here to view.
Politico: John Boehner Told Harry Reid To Go F*** Himself
At Politico, John Bresnahan, Carrie Budoff Brown, Manu Raju at Jake Sherman have a great story on how the Fiscal Cliff talks started, broke down, revived, and then nearly broke down again.The basic...
View ArticleClik here to view.
European Peripheral Yields Are Collapsing
More good news: European sovereign borrowing costs continue to collapse.They can thank the US Congress for that, as measures taken to avert the Fiscal Cliff have sent markets soaring.The yield on the...
View ArticleClik here to view.
ROUBINI: Here Are The Gloomy Stories That Will Dominate 2013
Markets are going wild today, but Nouriel Roubini would like to focus on the darker side of things.He just tweeted his 2013 market themes.2013 themes: ongoing US cliffs, EZ crisis, China hard landing?,...
View ArticleClik here to view.
AND NOW: Here's A Bunch Of New Stuff For Markets To Worry About
What's next for markets?Today they're going wild.But Dan Greenhaus at BTIG does a good job laying out the rocky terrain coming next: The number one question we’ve been receiving is what we think this...
View ArticleClik here to view.
US Futures Are Open, And They're Going Ballistic
BOOM. US futures are open. And they just hit a level not seen since about 10 days ago, erasing all of the late-year slump.Please follow Money Game on Twitter and Facebook.Join the conversation about...
View Article