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Money Matters: Boston Scientific job cuts (1,000 job cuts due to Obamacare medical device tax, etc.)(NECN/AP) – Here’s a rundown of the morning’s developing business stories, which may impact stock performance: - Boston Scientific cutting 1,000 jobs Boston Scientific is cutting up to 1,000 more jobs as it deals with a new medical device tax from the U.S. health care overhaul, limited growth prospects in certain markets and pressure to cut prices on its products in other countries. (Excerpt) Read more at necn.com … Waiting around for Black Friday data on retailers is a worthless guide to how the stock market will perform through the end of the year, says Mark Hulbert. In fact, there is some evidence that those reports could be counter-intuitive. Hulbert reviewed Black Friday data all the way back to the early 1980s and found an inverse inverse correlation with stock performance. from MarketWatch: Waiting with bated breath to find out how [...] Europe Is Teetering On The Edge Of Collapse. One Wrong Move And It Is Going To Be 1929 All Over Again! by Michael Summer vacation is over and things are about to get very interesting in Europe. Most Americans don’t realize this, but much of Europe shuts down for the entire month of August. I wish we had something similar in the United States. But now millions of Europeans are returning from [...] by Phoenix Capital Research
The markets will likely try to rally this week based on the following items:
End of quarter performance gaming
#1 is a regular phenomenon in the markets and needs not be explained. #2 is closely tied in with the latest policy [...] The powerhouse emerging economies show lagging stock performance; even top-performing Russia just suffered a technical breakdown. Although many analysts have long believed that investment in the world’s fastest-growing major economies — Brazil, Russia, India and China — is a must, an exchange-traded fund tracking them, the iShares MSCI BRIC Index Fund (BKF – News), tells a different story. Over the past 18 months, this ETF has lagged [...] Most companies have losses not earnings and thus have no PE multiple at all. Just because a few companies have earnings is of little significance in the big picture of the economy, and in the tech sector sales in this third quarter are way down so these earnings will largely evaporate when the numbers are reported for the quarter after September 30th. As to Intel, it has had among the very [...] |
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Economics On The Grounds Hasn’t Changed Much Since ’08. In Some Respects, Like In Unemployment, It’s Gotten Worse. Real Unemployment Is Over 20%, A Crazy Figure. The Real Economy Is Basically In A Depression.
Why are all these stores closing nation wide, if the stock market is up and things are peachy?
The stock market was up, and things were peachy and every one was loving higher taxes, obamacare, a collapsing dollar, and millions leaving the work force?
By: Douglas A. McIntyre, Samuel Weigley, Alexander E.M. Hess and Michael B. Sauter | 24/7 Wall St – Fri, Feb 1, 2013 12:50 PM EST
Best Buy
> Forecast store [...]