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And in order to do that you allow the interest on the purchase of capital equipment to be written-off immediately instead of over the life of the equipment. Ever wonder why the financial service industry has grown so much over the last 20 years? It's because they are allowed to write-off...

You are quite ignorant. DeFazio has been proposing this legislation since 2000. It has nothing to do with paying for the TARP - - - which the last time I checked was an "investment" by taxpayers whose returns won't be known for at least 5 years . . . Hence, everyone can see right through his...

Yep, cause someone at ET most likely pays you by the post . . . right?

Cheap compared to what? What metrics are you looking to use for your comparison? About 2 months ago the "top down" estimate for the S&P 500 earnings for 2009 was at $42.24 I would suggest that we are now heading for a number that is closer to $30 than $40, and that would be similar to...

A HUGE BATTLE RIGHT HERE. THAT'S FOR SURE!!! :D

Yep. Yet another rumor of some sort of Congressional meeting.

Bears keep looking for today's rally to fail, but every time there is a pullback, it is met with buying and more short-covering . . . pushing this market into higher ground.

BEIGE BOOK RELEASED at 2PM Provided a "dip" and then yet another surge. Another small A-B-C completed at 72.02 SPY? Took the earlier highs out by .07 and then came off.

Lots of oversold stocks out there ( and sectors ). Take a look at the defense sector. LMT, LLL, GD, NOC, etc. These things could run a bit here.

Understood Papa. Nat-Gas does provide a cheaper substitute. But 3-straight months of manufacturing gains in China ( announced today ) along with JOYG re-affirmation of 2009 guidance have the COAL GROUP soaring today. They are one of the greatest ( if not THE greatest ) trading sectors in...

Just printed 713.35 SPX

SPX poked its head above 711 and then fell back in a 5 point measured-move ABC.

Coal and oil service issues surging right out of the gate. April Crude is +2.40

Someone should ask DeFazio point blank, why it is that he continues telling anyone that will listen that WE need to pay for TARP with this transaction tax, when the fact of the matter is that he has been proposing this tax since 2001 with a Representative from Minnesota. He's lying about his...

Contact DeFazio: Washington, DC Office 2134 Rayburn H.O.B. Washington DC, 20515 Phone: (202) 225-6416 Eugene Office 405 East 8th Ave. #2030 Eugene, OR 97401 Phone: (541) 465-6732 Coos Bay Office 125 Central, Suite 350 Coos Bay, OR 97420 Phone: (541) 269-2609 Roseburg...

Meanwhile, CNBC commentator Rebecca Jarvis couldn't even pull her head out of her arse long enough to ask some rather BASIC questions . . . Why not ask him why he fails to make a distinction between Wall Street and INVESTORS on "Main Street" that will be taxed on their IRA trades/investments...

Coal, Steel, Nat-Gas, Off-Shore Drillers . . . all rallying STRONGLY from oversold levels. Firm close in crude, albeit on short-covering due to API inventory numbers out after the close. April Crude +1.50 $41.60

Got down to 692.30 and then bounced 5 handles.

By the way, all sorts of questions about AIG and yet not one question about tax policy, not even by the Republican reps. Not even a comprehensive discussion about the TALF. Unreal.

I think that point is rather obvious. You get what you get.