http://www.nbcnews.com/business/economywatch/mom-dad-im-still-home-weak-economy-keeps-adult-kids-1C7291460
In Europe/UK Housing is so expensive that it is normal for multiple people renting and sharing one flat or people living with parents.
Looks like the US is heading in that direction...
Wow down hard after market SEC involved.
http://www.forbes.com/sites/ericsavitz/2012/11/20/hp-alleges-fraud-in-autonomy-deal-takes-8-8b-charge/
Looks like Meg is uncovering lots of dirt.
Its like HPQ paid 10 billion for ZZZZ best of computing.
Yeah Millionaires will migrate en masse to live in Wyoming in the middle of the desert to save on taxes.
California has the highest taxes but why is it that all the high tech companies seem to come from california?
We need to go back to the 50s when Scientists and astronauts were heroes, and compensated well.
Now instead of inventing things to better man kind, most scientists and gifted people go work in Wall street.
http://www.cnbc.com/id/49845551
If the atmosphere this week in Chicago was any indication, professional investors remain largely in denial that the looming fiscal disaster in Washington will come to very much.
The number sounds ridiculous but if I multiply the average tech P/E of 15 x .11 I get only 1.65
.11 is what the EPS is for FB.
That sounds extreme, am I missing something here?
Republicans are PISSED! I predict they will insure the Fiscal cliff will occur by preventing any action to pass congress and gridlock everything. They are now taking this personally and will insure America goes under to prove a point.
I expect SPY back to 120s and below . Unemployment to go...