Tuesday, November 27, 2012

Harry Reid is being blamed for the Wall Street Blues.

Evidently there was a drop in the DOW today and Harry Reid expressed a lack of CONFIDENCE in the willingness of USA Republicans to address the problems of the country. There are 'Harry Detractors' seeking to blame this drop on Harry's words. 

Freedom of Speech issue if you ask me, but, are there other underlying problems responsible for the changes in Wall Street.


Let's see, Warren Buffet wants higher taxes to pay the national debt. That might have a minor effect. Very minor. Can't imagine Harry Reid's words are any worse than Buffet. Warren wouldn't be saying these things if the Republicans weren't being stupidly difficult. So, Buffet is at least equally responsible as Harry.

Apple is still seeking control over some issues with maps or some darn thing. I think they are still mourning Steve Jobs. He isn't easily replaced in his dynamic and wonderful insight, faith and personality. The good news and there is good news for Apple. They are putting out Apple Minis or something and an iPhone IV. Right? No?
Today: Apple (AAPL) keeps cleaning house (click here) in the department in charge of its mapping app while announcing launch of new iMac. Also: San Mateo's SolarCity will be first solar installer to go public, Wall Street dips.
Apple dismisses another exec in charge of maps
Apparently, ridding itself of one executive who oversaw its Maps app wasn't enough for Apple: The Cupertino company reportedly fired the worker who directly oversaw the troubled mobile offering just a month after dismissing his boss....

Sorry, iPad Mini. I knew it was some kind of mini. If Apple could come out with an Apple Twinkie or an Apple Twinkie Mini they would have a real winner there, but, they are hoping they'll sell computers and not other goodies.

And Apple has some kind of groundbreaking IPO, too. So. that didn't cause any problems with Wall Street. It isn't an Apple IPO, it is a solar company. How about that, huh?

That is part of the Obama Economy and it is a failure I am sure.

Solar City. I hear Solyndra is jealous. They didn't make it all the way to an IPO as they were hoping for. Well done Solar City. I can tell there is Republican bias in this IPO though, the guy is wearing a cowboy hat.

Green energy (click here) company SolarCity has just announced share prices for its upcoming IPO; at between $13 and $15 per share, the initial public offering should raise approximately $151 million for the company.
In an SEC filing, SolarCity said it would release 10 million shares in the offering, and shareholders would sell around 65,000 shares total.
Shares will debut on the NASDAQ under the ticker symbol SCTY. Underwriters for the deal include Goldman Sachs, Credit Suisse, Bank of America, Merrill Lynch, Needham & Company, and Roth Capital Partners....

Considering it is probably a Republican company owned by cowboys an investigations should start immediately.

Now, this might be something. Warren Buffet is nominating Jamie Dimon for Treasury Secretary. Geithner is leaving? I just perfected his name and he is leaving?

Outlook Talking of Mr Carney, (click here) he must have shuddered just a little bit yesterday after no less than Warren Buffett suggested his old pal Jamie Dimon, the chief executive of JP Morgan, would be a great candidate for US Treasury Secretary....

Now, this might be a shock to Wall Street, but, in all honesty Jamie is not the man for the job. Seriously, Warren. Just because you are tired of getting phone calls from all the others begging for money doesn't mean Dimon is all that.

Jamie is a good guy, don't get me wrong, I think he has an admirable career, but, Morgan has a glide pattern on sheer size alone. So, while Dimon does well with all his responsibilities I do have a question he would have to answer before becoming a nominee for Secretary of the Treasury.

I want to know if he has mastered 'micro-managing' out of the London office yet?

I really think if there was a mood disorder today on Wall Street at the DOW it was over taxes and the idea American workers might be coming on strong for civil rights known as 'A Living Wage.' Now, that might be it.