Here's What Happens If Congress Doesn't Figure Out How To Stop Sequestration
While everyone is focusing on tax rates, there's one major part of the fiscal cliff that is could hit the economy — hard — if Congress doesn't come up with some kind of deal. Without a deal, on January...
View ArticleDEAR AMERICA: Here Are Your New Tax Rates
Congress has apparently reached agreement on new tax rates to avoid the Fiscal Cliff, although they're still fighting about spending cuts.The details on taxes are still leaking out.Here's the best...
View Article11 Companies That Will Get Slammed Hardest By Sequestration
Now that a tentative agreement has been reached on the tax issue of the fiscal cliff, lawmakers are now grappling with a deal to avert the $1.6 trillion in spending cuts that are set to kick in after...
View ArticleThe 10 Worst Stocks Of 2012
While some sectors, like the homebuilders, really benefitted from macro trends in 2012, others were not so lucky.Solar energy and for-profit education were two industries that got hit especially...
View ArticleCongress Has Now Agreed To Raise Taxes On All Americans--Including The Middle...
According to the latest news out of Washington, Congress has reached a verbal agreement to avoid many of the Fiscal Cliff tax hikes.Congress is still apparently fighting about spending cuts, so a deal...
View ArticleSTOCKS GO WILD AS DEAL GETS CLOSE: Here's What You Need To Know (DIA, SPY, QQQ)
It was a huge day for stocks, as a surprisingly strong year came to a close.First the scoreboard:Dow: 13,104, +166.0, +1.2 percentS&P 500: 1,426, +23.7, +1.6 percentNASDAQ: 3,019, +59.2, +2.0...
View ArticleTechnically We Are Going To Hit The Fiscal Cliff
No vote in the House tonight, for sure, so technically we are going to hit The Fiscal Cliff.That doesn't mean that there isn't almost a deal done.Voting tomorrow or the next day might help the GOP at...
View ArticleSo 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 ArticleDAMODARAN: 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 ArticleThe Complete Timeline Of Zynga's Disastrous 2012 (ZNGA)
Only nine months ago, Zynga was worth $11.5 billion, pumping out new games every month at breakneck speed.It seems so far away in time, given everything that's happened since.Zynga's stock is stuck in...
View ArticleMEANWHILE: 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 Article10 Devastating Sequestration Cuts That People Are Afraid Will Happen
There's a lot of uncertainty over what the sequestration may actually entail. Last year's Budget Control Act provided specific percentages agencies have to cut in order to achieve $1.2 trillion in...
View ArticleHere 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 ArticleStocks 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 ArticleGold 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 ArticleAND 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 ArticleA 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 ArticleFull Text Of The 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.Mat 12564Please follow Politics on Twitter and Facebook.Join the conversation about this...
View ArticleMAULDIN: 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 Article18 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...
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