I love “signature pieces of legislation” gone awry. For me, there is nothing better than seeing Obamacare implode from its own weight. Obama fixed himself with an albatross around his neck and now it is pulling him down. Republicans, however, need to stop celebrating, since this will only embolden our dear foreign leader to dictate, govern by fiat. He’s a gym teacher for christ’s sake. What did you expect?
In other more exciting news, Wall Street is being starved from 7 figure bonuses this holiday season. All of the government restrictions on using leverage and gambling with OPM has hit our local bankers where it matters most: their luxury car dealerships. Truth be told, banks should’ve never been allowed to gamble with deposits. It’s ridiculous to hear some of these people complain now.
Futures are higher and all is good on the eastern front. I’m looking into some of the newly traded companies to buy, since we’ve been bombarded with new issues, odds are some of them slipped through the cracks and offer value–similar to GOGO.
More later.