Monday, May 20, 2013

Monday Night Randomosity

  • The stock market paused a bit today. Tomorrow is “Terrific Tuesday,” as every Tuesday has been an up day in 2013.  Another?  Isn’t that getting obvious?
  • Getting the blame as the reason du jour for the stalling action in the markets is “correction worries.”  Well, folks have been worried about that for quite a while, haven’t they?
  • Tornado rips through Oklahoma.  Horrible.  Donate to the Red Cross if you can.
  • Apple’s Tim Cook to push Congress for tax reform. Look, Congress, at least the House, doesn’t have a problem reducing corporate tax rates.  But the Senate and the President have no interest in cutting corporate tax rates.  Those folks think the rates should be higher!
  • Besides, if this is about Apple paying accountants to find ways to reduce the company’s tax burden, more power to them.  It’s not cheating if you follow the rules!  Even as Apple became the nation's most profitable technology company, it avoided billions in taxes in the United States and around the world through a web of subsidiaries so complex it spanned continents…
  • imageThe Dodgers bullpen lost every game in the Atlanta series.  Well done, fellas. 
  • Kershaw (not pictured) tonight for the Dodgers.  Greinke (also not pictured) tomorrow.  That’s got to be pretty brutal for the Miami Marlins.  (Until the bullpen comes in…)
  • How about a Jim Rogers videoJim Rogers, the legendary investor and Chairman of Rogers Holdings, says the commodities bull market continues. He calls the latest slump in prices a correction. “I still don’t see massive new supply coming into the market which will keep prices down,” he tells The Daily Ticker
  • I saw Jimmy on Tom Sullivan’s weekend show on the Fox Business Network. I agree with him. 
  • Thousands of French Households taxed 100% or more.  Nice.  There’s an incentive to wake up to the alarm clock each and every morning, right?  It was due to a one-off levy, but still.

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