HOT!- New Obummer Executive Order Declares Peace Time Martial Law
This story made the top of the Drudge Report , where a reader called my attention to it. I linked to the executive order and sure enough the ” Nigg-r of the Narcissus ” has made himself dictator for life-at least in his own mentally sick mind. I’m referring to the book by Joseph Conrad- The Nigg-r of the Narcissus. Boy you want to understand Obama read that book. I will leave this at the top for today’s news cycle.
S&P 500 Rises to Four-Year High as Apple Plans Dividend
The Standard & Poor’s 500 Index (SPX) advanced to the highest level in almost four years as Apple Inc. plans to pay a dividend and buy back $10 billion of its stock.
Apple rose 1.2 percent to a record. Financial and commodity shares had the biggest gains in the S&P 500 among 10 groups. Bank of America Corp. (BAC) and U.S. Steel Corp. (X) climbed at least 2.3 percent. United Parcel Service Inc. (UPS) increased 2.7 percent after agreeing to buy TNT Express NV to challenge Deutsche Post AG. E*Trade Financial Corp. (ETFC) rallied 3.4 percent as the shares of the online brokerage were raised at Wells Fargo & Co.
The S&P 500 rose 0.1 percent to 1,406.12 at 11:06 a.m. New York time. The benchmark gauge for American equities traded at the highest level since May 2008. The Dow Jones Industrial Average slid 14.64 points, or 0.1 percent, to 13,217.98.
“There’s plenty of room for dividends to increase,” Paul Zemsky, the New York-based head of asset allocation for ING Investment Management, said in a telephone interview. His firm oversees $160 billion. That plays well in terms of investors’ confidence and people looking for income.’’
The S&P 500 has risen 12 percent in 2012 amid better-than- estimated economic and corporate reports. The measure is on pace for the best first quarter since 1998. Stocks were little changed on March 16 after an increase in oil and consumer prices sparked inflation concern as the economy improves.
The S&P 500 trades at 14.5 times reported earnings, the highest valuation level since July while still below the average since 1954 of 16.4 times earnings. Financial and technology shares had the biggest gains in the index this year, surging at least 19 percent….
BOE- Central Banker Calls for More Oil and Gold Intervention
USA State Tax Revenue Rises at Slow Pace since 2010
Some , ‘recovery’.
Wall Street Disagrees With Fed outlook on Jobs
FED head Dudley -USE not lifted off
The incoming data on the U.S. economy has been a bit more upbeat of late, suggesting that the recovery may be getting better established,” Dudley said today in a speech in Melville, New York. “But, while these developments are certainly encouraging, it is far too soon to conclude that we are out of the woods in terms of generating a strong, sustainable recovery.”….
Central Banks Pounce on Falling Gold Price
Another Bearish article by the FT. India is going to be effected by the new Tariffs no doubt put in by the City of London gang and local parochial politics to make sure India’s citizens cant protect themselves from 10 pc inflation.
Wall Street Braces for Falling EPS
As the ZGR stated, growth peaked last month.
Cars- 200k Miles is the New 100k Miles
Brazil Vows to Protect Manufacturing with Currency Debasement
Housing Data To Take Center Stage This Week
AAPL To Discuss Payout of 100 Billion on Books to Shareholders
CBO Sees Higher USA Deficits
Reuters) – Deficits for the next two fiscal years would be slightly higher than the White House envisions if President Barack Obama’s budget plan were adopted, the Congressional Budget Office said on Friday.
The CBO’s latest analysis shows the plan would pile up $6.39 trillion in cumulative deficits over a 10-year period, but that figure is about $294 billion less than the White House estimated in February for the same 2013-2022 period.
The long-term view provided a measure of positive news to Obama, who is seeking to counter Republicans’ election-year attacks painting him as a tax-and-spend liberal who will rack up four straight years of trillion-dollar deficits in his first term.
It also gives Republicans new ammunition, including a nearly $1 trillion deficit next year and big debt and deficit targets that they aim to undershoot significantly when they unveil their own budget plan next week in the House of Representatives…
Goldman Sachs’ Long History of Duping Its Clients
Dollar Bulls on Biggest Rally in Decade
Rallying on faked econometrics!
Not since 1999 have currency traders been bullish on the dollar for so long, a sign that the market sees the U.S. resuming its role as the engine of global economic growth.
Futures anticipating a stronger dollar against its developed-market peers have outnumbered those predicting a drop for 26 consecutive weeks through the five days ended March 13, according to Commodity Futures Trading Commission data. That’s the longest streak since the start of a three-year rally in the world’s reserve currency 13 years ago…
“In order to have a real pronounced dollar move we need to have an actual hiking cycle” forinterest rates, Nordvig said in a March 14 telephone interview. “As long as we’re in an adjustment phase where U.S. growth expectations are being revised higher, the dollar can gain further in conjunction with risk assets doing OK.”…..
UPS To Buy Europe Based TNT For 6.8 Billion
Boy that is all the world needs, fewer delivery services given the outrageous shipping prices the Fed-Big Brown-DHL cartel has.
RBA Head Anglomason Stevens Out USA Bashing and Pumping Communist China
Members of the RBA held the leases for the shops under the WTC. A lease they signed up for months before 911, and got a handsome payout.
The FED’s Stress Test Makes Muppets Out Of Us All