Strange, the index futures are still trading after 4:15 est on a Friday. Its 4:37 and trades are going off.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Very interesting ...I don't know how believable this is....that restaurants would close down because of the rate hike ....why aren't they giving it a chance....to just shut like that hmmmm
Seattle’s $15 minimum wage law goes into effect on April 1, 2015. As that date approaches, restaurants across the city are making the financial decision to close shop. The Washington Policy Center writes that “closings have occurred across the city, from Grub in the upscale Queen Anne Hill neighborhood, to Little Uncle in gritty Pioneer Square, to the Boat Street Cafe on Western Avenue near the waterfront.”Of course, restaurants close for a variety of reasons. But, according to Seattle Magazine, the “impending minimum wage hike to $15 per hour” is playing a “major factor.” That’s not surprising, considering “about 36% of restaurant earnings go to paying labor costs.” Seattle Magazine,“Washington Restaurant Association’s Anthony Anton puts it this way: “It’s not a political problem; it’s a math problem.”“He estimates that a common budget breakdown among sustaining Seattle restaurants so far has been the following: 36 percent of funds are devoted to labor, 30 percent to food costs and 30 percent go to everything else (all other operational costs). The remaining 4 percent has been the profit margin, and as a result, in a $700,000 restaurant, he estimates that the average restauranteur in Seattle has been making $28,000 a year.
Read more: http://pjmedia.com/tatler/2015/03/1...-15-an-hour-minimum-wage-looms/#ixzz3USh1fEAv
Seattle’s $15 minimum wage law goes into effect on April 1, 2015. As that date approaches, restaurants across the city are making the financial decision to close shop. The Washington Policy Center writes that “closings have occurred across the city, from Grub in the upscale Queen Anne Hill neighborhood, to Little Uncle in gritty Pioneer Square, to the Boat Street Cafe on Western Avenue near the waterfront.”Of course, restaurants close for a variety of reasons. But, according to Seattle Magazine, the “impending minimum wage hike to $15 per hour” is playing a “major factor.” That’s not surprising, considering “about 36% of restaurant earnings go to paying labor costs.” Seattle Magazine,“Washington Restaurant Association’s Anthony Anton puts it this way: “It’s not a political problem; it’s a math problem.”“He estimates that a common budget breakdown among sustaining Seattle restaurants so far has been the following: 36 percent of funds are devoted to labor, 30 percent to food costs and 30 percent go to everything else (all other operational costs). The remaining 4 percent has been the profit margin, and as a result, in a $700,000 restaurant, he estimates that the average restauranteur in Seattle has been making $28,000 a year.
Read more: http://pjmedia.com/tatler/2015/03/1...-15-an-hour-minimum-wage-looms/#ixzz3USh1fEAv
Look at this non risk free money making opportunity from March 17th to April 6th, its all risk free money no matter which way you look at it, maybe today is just the start of the risk free money making opportunity until April 6th, and with the fed meeting this week I think its possible for a 3% rise in all indexes to fresh historical highs by Friday....
The NCAA basketball tournament is nearly here, and while we don't know who is going to win the title, we can predict one thing. The stock market is probably going to do better than your bracket. Based on data from the past 10 years, almost every major stock has seen a positive returnduring the annual tournament.
According to some estimates, there could be upwards of $9 billion bet on this year's tournament, through 70 million brackets created. The vast majority of people are going to lose out in their brackets, and they most likely would have returned a profit instead if they had traded stocks.
The breakdown comes from market data firm Kensho. Simply put, every single stock in the Dow Jones average has had a positive return in the past 10 years during the time frame of March 17 through April 6, the dates of this year's tournament. Without exception, equities have gone up on average.
Of the 445 stocks included in the analysis, a meager 12 of them have experienced a negative average return—meaning that over 97 percent of them were up.
http://www.cnbc.com/id/102501091
The NCAA basketball tournament is nearly here, and while we don't know who is going to win the title, we can predict one thing. The stock market is probably going to do better than your bracket. Based on data from the past 10 years, almost every major stock has seen a positive returnduring the annual tournament.
According to some estimates, there could be upwards of $9 billion bet on this year's tournament, through 70 million brackets created. The vast majority of people are going to lose out in their brackets, and they most likely would have returned a profit instead if they had traded stocks.
The breakdown comes from market data firm Kensho. Simply put, every single stock in the Dow Jones average has had a positive return in the past 10 years during the time frame of March 17 through April 6, the dates of this year's tournament. Without exception, equities have gone up on average.
Of the 445 stocks included in the analysis, a meager 12 of them have experienced a negative average return—meaning that over 97 percent of them were up.
http://www.cnbc.com/id/102501091
Now sideways for 6 hours.
sideways for 6 hours with a minor rally into the close to settle above 225 by the close....I guess this is the premarket rally ahead of the fed meeting, the free money is incredible, 6 years non stop....cant wait for the fed meeting, maybe they hike an 1/8 of a point by June and another whole 1/8th by September, haha yea right....0% rates is all we need to keep the asset bubble inflated....they aren't moving anywhere and that will lead to a 7 year bull market by 2016 and so on and on and on and on and on and on!!!
Good morning to you too.
hey whats up ...
Nice opening this morning, sold off the small long positions I put on Friday, XIV and SPXL, Im tempted to touch SPXS under $19.50 but not going near it until the fed meeting is over on Wednesday afternoon, too much risk going short here as I know the fed is going to give wall street what it wants again and that will be leaving the word "PATIENCE" in their statement along with a hint of no rate hikes in 2015, that will boost the markets 3%+ this week and put the markets at historical highs by Friday afternoon.... the early morning boost was missed out on unless you bought the dip on Friday afternoon, watching oil dip continuously, still own UWTI which Im about to add another position into once oil breaks below its January lows, I remember last time it broke down to low 40's and rocketed to 50+ , UWTI skyrocketed as well....so Im getting ready to go long again more shares once a new low on oil is reached most likely in the upper 30s when it does get there....
When I saw the black Friday thread, I bought...now I put stop at breakeven. Otherwise done for the day. FOMC rally. Option Expiration rally. Insanity rally. But so what right? Just follow along for now...