Friday, October 29, 2010

The fuse has been lit

This economy has the real opportunity to roar back in 2011. The GDP numbers were up an annualized 2%. This is great news considering the fact that corporations in the S&P are holding on to $1 trillion dollars and not hiring! It is not normal to find positive GDP without hiring or spending by corporate America.

There is a feeling that once the mid term elections are over, there will be more certainty as to how governmental economic policies will be shaped. That alone will allow corporations to act and start hiring again.

New Follower

Wikiwealth would like to welcome Win$Win to the group. Hopefully you can find some useful information on this blog!

Tuesday, October 19, 2010

Intel building new plants


The Associated Press wrote a story on how Intel will be spending $8 Billion to build new plants the next generation chips in the United States. The story is below.

Intel plants

Silent Obama Tax Cut shhhhhh


For those of you who didn't know, 25% of the stimulus was given away in tax cuts. Here is a story (below) in the New York Times detailing how most Americans didn't even realize they received one even though they are railing against the evils of said stimulus.

Pass this on as I am sure there are people you know that fit this profile and might not know where 25% of the stimulus actually went to.

Obama Tax Cut

Saturday, October 16, 2010

Profit at wikicallselling!


The account over at Wikicallselling just reported a profit of over 21% in its most recent trade. The trade lasted a total of seven months. It used the strategy of buying shares and then selling calls against those shares. The stock used for the trade was Exact Sciences Incorporated.

Wednesday, October 13, 2010

Monday, October 4, 2010

Article on Profits or Hiring

William Arden has written an article for The Huffington Post that outlines the fact that companies making up the S & P will make $189 billion in the past quarter.

This shows a sense of greed and fear. It also seems to show a laser focus on the short term and almost no focus on the long term.