Sausalito, CA – April 4, 2012. TrimTabs Investment Research estimates the U.S. economy added 187,000 jobs in March. In the past three months, TrimTabs says, employment growth has averaged 172,000. Meanwhile, the consensus view is that the U.S. Bureau of Labor Statistics (BLS) will report 200,000 new jobs on Friday for a three-month average of about 245,000.
TrimTabs’ employment estimates are based on an analysis of daily income tax deposits to the U.S. Treasury from all salaried U.S. employees. They are historically more accurate than initial estimates from the BLS…Read More
The Unites States now has the highest corporate income tax globally. Congratulations. Corporate income tax is the worst, most capital and value destroying tax of all types of taxation. And we are the leaders.
To understand why corporate income tax destroys capital over the long term; you need to first to understand that all there is in a corporation are people; nothing other then people managing and working at growing a business. A corporation is just the name of a group of people working together to provide goods and services for sale. This might be a shock to some, but all corporate employees pay income taxes on whatever they make. Similarly shareholders pay taxes on the income they get from a business via distributions…Read More
April and May were bipolar months for stocks each of the past two years. And I expect the same bipolar behavior this coming April and May. April historically is a strong month for stocks and should be as well this year. The main reason is April is the second biggest month for inflows into stocks after January. Why? Read More
The Magnificent Seven, a 1960 film about a group of American gunfighters hired to protect a small Mexican village from a gang of marauding bandits, is one of those memorable Western flicks.
Its success spawned a number of copy-cat films and now there’s a Wall Street version. In brief, it’s seven lagging quality stocks, all rated “buys” by veteran investment advisor Richard Moroney, the savvy research chief of Virginia-based Dow Theory Forecasts, one of the country’s more respected investment newsletters with a better than average stock-picking record…Read More
Social media I say will create a revolution in how we govern ourselves and eventually will start the next bull market, but not for at least three to five years. I define social media as the ability for everybody on this planet to be in instant communication with everyone else. Several of you have commented that social media is as big a breakthrough as was the personal computer in 1982. In my opinion social media is, but not until the current representative govt format, actually falls apart and unfortunately that unlikely to happen over the next few years…Read More