I think they agreed to disagree for 2012. However, they should speedily start agreeing in 2013, when Republicans will be *asked* to vote for reducing taxes. :)
Here, try this explanation from the Rude Pundit. This is about a simple treaty on the rights of the disabled, but it pretty much coveres all discussions where Senators or Congressmen are involved. http://rudepundit.blogspot.com/2012/12/a-congregation-of-motherfuckers-in.html
Gross's view on the MF'ers. "A bunch of old politicians without a view for the country..." http://www.bloomberg.com/video/bill-gross-extraordinary-issues-need-reckoning-HD4PZ_xXRJe_~5m5IUvcCw.html
All right, folks, I am opening up Nadurra and toasting to all your success in the New Year! May you all gain a lot in the new year, if not in your portfolios, then at least in wisdom (i.e., in the feeling that you have moved farther along the PATH that will make you feel, in the end, that you had not wasted your life!).
Thank you, T3d, for letting me keep a bottle and use it for the New Year! :)
Congrats on the solid performance 2nd! Happy New Year to all of you guys. Here's to a drunken, happy, healthy, and wealthy 2013! My drink of choice: water. Mother in law came over to take care of the little dude and I went out with my wife for the first time in like 6 months and I've been hung over all day from a whopping 6 drinks. So lame.
But I'm sitting here drinking Margaritas of course, and watching over our last dog, who has some crazy high calcium problem. Vet ran one last test and if that doesn't clarify the problem it's probably late stage cancer somewhere. It's cool though. She's been the best dog I've ever had. I wont let her suffer like this.
Happy New Year to everyone. Here's to a great 2013! Sorry to hear about your dog Mark. We lost a few really great dogs this year, down to three which is a 20 year low for us. Two in their teens and one young Border Collie.
Vice President Joe Biden and Senate Minority Leader Mitch McConnell (R, Ky) brokered a deal that is likely to be approved by the Senate early Tuesday before being put to a vote in the House later in the day. The WSJ writes:
"By waiting until the last minute, and reaching a deal on a much smaller scale than either side once envisioned, Washington also deferred many of its thorniest questions for perhaps as little as a few weeks. In late February of early March, the Treasury Department will run out of extraordinary measures to deal with the government’s borrowing limit -- which it reached on Monday -- and Congress would need to approve an increase. The delay in the spending cuts will run out about the same time. In effect, Congress has delayed the fiscal cliff by erecting a new and potentially more dangerous one." Read more at The Fiscal Cliff - WSJ.com.
Figures.....Mother farkers. 2013, the year we feel the Greece.
Ah, so Kitco has corrected the mistake they made yesterday in their gold chart. Just like I thought...
Speaking about gold: don't forget, folks, that $45B/month purchases of Treasuries start tomorrow, and the settlement period for such purchases is 1 day, so the extra money will start flowing into the system right away. So if you thought the market should rally based for some other reasons, then now the rally case becomes that much stronger.
I like Jesse's UNL ticker for natty. It looks like natty traded to a low of $3.05 today at 6:52 PM on 900 contracts. That is a lot of volume on a holiday. That sounds like a mistake to me as in user error.
A tax bill has been signed by the House tonight, which made the Bush tax cuts permanent for those making under $450K -- nice! :) And they left the long-term capital gain tax at 15% for those making under $450K, which means that I'll have to book at most a $250K gain on AUMN per year in order to pay that 15%. I wonder how many years it will take me to sell out of my position if I choose to respect that constraint. :)
All the sweeter given my worst case expectations last night.
ReplyDeleteRemind me never to underestimate the disregard Congress has for the rest of us.
DeleteWhat did they agree on re taxes, anyway?
ReplyDeleteI think they agreed to disagree for 2012. However, they should speedily start agreeing in 2013, when Republicans will be *asked* to vote for reducing taxes. :)
DeleteI'm hearing they're likely to push the decision out 3 or so months.
DeleteAlso that Obama said earlier today he believed a deal was in the spotlight, this caused bears to run for the hills.
DeleteWasn't pushing the decision out 90 days my suggestion? More likely, I just know how to read small minds.
DeleteSmall minds? SO polite!
DeleteHere, try this explanation from the Rude Pundit. This is about a simple treaty on the rights of the disabled, but it pretty much coveres all discussions where Senators or Congressmen are involved.
http://rudepundit.blogspot.com/2012/12/a-congregation-of-motherfuckers-in.html
Hat tip to Ritholtz for the new year reading.
LOL! It's too bad you can't post it on CC, b/c I'm sure Vad would end up spitting coffee over his keyboard.
DeleteGross's view on the MF'ers. "A bunch of old politicians without a view for the country..."
Deletehttp://www.bloomberg.com/video/bill-gross-extraordinary-issues-need-reckoning-HD4PZ_xXRJe_~5m5IUvcCw.html
"Can someone explain the after-hours price action in gold?
ReplyDeletehttp://www.kitco.com/charts/livegold.html"
A fluke on kitco? No other service with live prices shows this drop, including after hours prices for GLD/SLV.
Ha, maybe kitco's offering a special New Years Eve sale price tonight?
DeleteHere's the Gluskin Sheff link David. I think anyone can sign up.
ReplyDeletehttp://breakfastwithdave.newspaperdirect.com/epaper/viewer.aspx
If this doesn't work then it's www.gluskinsheff.com
All right, folks, I am opening up Nadurra and toasting to all your success in the New Year! May you all gain a lot in the new year, if not in your portfolios, then at least in wisdom (i.e., in the feeling that you have moved farther along the PATH that will make you feel, in the end, that you had not wasted your life!).
ReplyDeleteThank you, T3d, for letting me keep a bottle and use it for the New Year! :)
And to you to my friend. Будем здоровы.
DeleteCongrats on the solid performance 2nd! Happy New Year to all of you guys. Here's to a drunken, happy, healthy, and wealthy 2013! My drink of choice: water. Mother in law came over to take care of the little dude and I went out with my wife for the first time in like 6 months and I've been hung over all day from a whopping 6 drinks. So lame.
ReplyDeleteWent out drinking for the first time in 6 months, that is. We've actually been outside quite often.
DeleteYour still drunk bro. Weak sister. No soup for you!
DeleteBut I'm sitting here drinking Margaritas of course, and watching over our last dog, who has some crazy high calcium problem. Vet ran one last test and if that doesn't clarify the problem it's probably late stage cancer somewhere. It's cool though. She's been the best dog I've ever had. I wont let her suffer like this.
DeleteYeah, don't make the dog suffer if she's in pain and not apt to recover.
DeleteThank You David, I'm toasting to your future success with Nadurra as I type. To you and the gang here have a great New Year.
ReplyDeleteCheers everyone.
Cheers buddy!
DeleteCheers! Sorry to hear about your dog Mark.
DeleteHappy New Year guys. It's 2013 here, already! ;)
ReplyDeleteHappy New Year to everyone. Here's to a great 2013! Sorry to hear about your dog Mark. We lost a few really great dogs this year, down to three which is a 20 year low for us. Two in their teens and one young Border Collie.
ReplyDeleteVice President Joe Biden and Senate Minority Leader Mitch McConnell (R, Ky) brokered a deal that is likely to be approved by the Senate early Tuesday before being put to a vote in the House later in the day. The WSJ writes:
ReplyDelete"By waiting until the last minute, and reaching a deal on a much smaller scale than either side once envisioned, Washington also deferred many of its thorniest questions for perhaps as little as a few weeks. In late February of early March, the Treasury Department will run out of extraordinary measures to deal with the government’s borrowing limit -- which it reached on Monday -- and Congress would need to approve an increase. The delay in the spending cuts will run out about the same time. In effect, Congress has delayed the fiscal cliff by erecting a new and potentially more dangerous one."
Read more at The Fiscal Cliff - WSJ.com.
Figures.....Mother farkers. 2013, the year we feel the Greece.
http://goldstocksforex.com/2013/01/01/disappointing-fiscal-cliff-compromise/
http://www.newyorker.com/online/blogs/borowitzreport/2013/01/washington-celebrates-solving-totally-unnecessary-crisis-they-created.html?mbid=nl_Borowitz%20(65)
ReplyDeleteHouse Republicans like the attention bestowed on Senators so much they're about to start their own fire in order to put it out. Pricks.
DeleteMotherfockers.
DeleteYou gotta be kidding, dudes.
ReplyDeletehttp://finance.yahoo.com/news/u-heading-off-fiscal-cliff-025839073.html
•Goldman execs cash in $26.8 million in stock on New Year's EveReuters(Tue 3:45PM EST)
ReplyDeleteGS - Wonder if they using shareholder equity to buy back corporate stock at the 52wk high on Friday?
ReplyDeleteAh, so Kitco has corrected the mistake they made yesterday in their gold chart. Just like I thought...
ReplyDeleteSpeaking about gold: don't forget, folks, that $45B/month purchases of Treasuries start tomorrow, and the settlement period for such purchases is 1 day, so the extra money will start flowing into the system right away. So if you thought the market should rally based for some other reasons, then now the rally case becomes that much stronger.
The House joins the party. Hang Seng +2%.
ReplyDeleteTBT looks like it's basing waiting for breakout on the weekly charts.
ReplyDeleteThanks for the reminder. I keep forgetting about the short bond trade for some reason.
DeleteDavid- One of today's 'New Arrivals' on NFLX Streaming is 'Switchback.' Don't miss it.
ReplyDeleteGreat info from Jesse today.
ReplyDelete"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria." - Sir John Templeton
I like Jesse's UNL ticker for natty. It looks like natty traded to a low of $3.05 today at 6:52 PM on 900 contracts. That is a lot of volume on a holiday. That sounds like a mistake to me as in user error.
ReplyDeleteWill natty repeat last year and slide into mid April?
Delete"David- One of today's 'New Arrivals' on NFLX Streaming is 'Switchback.' Don't miss it."
ReplyDeleteThanks, 2nd_ave. And here is a recommendation for you:
http://dvd.netflix.com/Movie/The-World-is-Big-and-Salvation-Lurks-Around-the-Corner/70127611?strkid=292874723_0_0&strackid=333f52891894d962_0_srl&trkid=222336
A nice, simple, and inspiring movie. Let me know what you think about it when you get to watch it.
SVM - "Rosen Law Firm Files Class Action Charging Silvercorp Metals, Inc. With Securities Fraud -- SVM"
ReplyDeleteTheme sounds familiar, doesn't it?
Post-election drop - It just occurred to me the post-election drop must've been Romney taking his money out of the market in retaliation.
ReplyDeleteA tax bill has been signed by the House tonight, which made the Bush tax cuts permanent for those making under $450K -- nice! :) And they left the long-term capital gain tax at 15% for those making under $450K, which means that I'll have to book at most a $250K gain on AUMN per year in order to pay that 15%. I wonder how many years it will take me to sell out of my position if I choose to respect that constraint. :)
ReplyDeleteMy calculations based on those conditions indicate it will require at least a decade for you to exit the position. ;)
DeleteWTH, amazing.....
ReplyDeleteI thought WTH was a stock and just checked! Can we stick with the saltier WTF?
DeleteHa, sorry, I was thinking that might happen as I typed that TLA...... Too funny.... ;)
DeleteBAC $12, this was major resistance last time but it did make it through.
ReplyDeleteYHOO - I might even break even on my 10 shares of this thing!
ReplyDeleteGold - Wonder if this one reverses at $1704?
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteIn a few jigaboo's...
ReplyDelete